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224 hedge funds and large institutions have $3.22B invested in Avis in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 94 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $95.8M | Put options by funds: $62.4M

0% more capital invested

Capital invested by funds: $3.2B → $3.22B (+$15.6M)

1.05% less ownership

Funds ownership: 82.81%81.76% (-1.1%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

16% less funds holding

Funds holding: 267224 (-43)

20% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 94

57% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 70

Holders
224
Holders Change
-43
Holders Change %
-16.1%
% of All Funds
7.26%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.32%
New
30
Increased
75
Reduced
94
Closed
70
Calls
$95.8M
Puts
$62.4M
Net Calls
+$33.4M
Net Calls Change
+$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Barclays
51
Barclays
United Kingdom
$11.5M +$1.92M +64,152 +18%
SFM
52
Soros Fund Management
New York
$10.8M +$11.2M +374,828 New
MLIM
53
Mountain Lake Investment Management
Florida
$10.6M +$5.35M +178,937 +95%
First Trust Advisors
54
First Trust Advisors
Illinois
$9.79M +$10.1M +339,528 New
IG
55
ING Group
Netherlands
$9.36M +$1.56M +52,122 +19%
BGIM
56
Brandywine Global Investment Management
Pennsylvania
$9.35M +$948K +31,704 +11%
Citadel Advisors
57
Citadel Advisors
Florida
$9.3M +$4.66M +156,024 +94%
Natixis Advisors
58
Natixis Advisors
Massachusetts
$8.82M -$772K -25,840 -8%
Lord, Abbett & Co
59
Lord, Abbett & Co
New Jersey
$8.7M -$42.8M -1,433,037 -83%
FAM
60
Foundation Asset Management
New York
$8.57M +$8.89M +297,417 New
T. Rowe Price Associates
61
T. Rowe Price Associates
Maryland
$8.49M -$448K -15,000 -5%
Bank of America
62
Bank of America
North Carolina
$8.42M -$2.88M -96,520 -25%
BNP Paribas Financial Markets
63
BNP Paribas Financial Markets
France
$8.23M +$736K +24,626 +9%
State Board of Administration of Florida Retirement System
64
State Board of Administration of Florida Retirement System
Florida
$7.96M +$3.26M +109,119 +65%
PPA
65
Parametric Portfolio Associates
Washington
$7.91M -$282K -9,441 -3%
CCMH
66
Cornerstone Capital Management Holdings
New York
$7.68M +$4.3M +143,752 +117%
Invesco
67
Invesco
Georgia
$7.58M -$2.46M -82,310 -24%
Charles Schwab
68
Charles Schwab
California
$7.48M -$795K -26,612 -9%
TC
69
TFS Capital
Pennsylvania
$7.25M +$7.52M +251,618 New
PCM
70
Portolan Capital Management
Massachusetts
$7.03M +$2.73M +91,348 +60%
KCM
71
KSA Capital Management
New Jersey
$6.76M +$3.14M +104,916 +81%
DCM
72
Dupont Capital Management
Delaware
$6.42M -$2.03M -67,810 -23%
CCM
73
Crestwood Capital Management
New York
$6.03M +$312K +10,450 +5%
California State Teachers Retirement System (CalSTRS)
74
California State Teachers Retirement System (CalSTRS)
California
$5.59M +$179K +6,002 +3%
D.E. Shaw & Co
75
D.E. Shaw & Co
New York
$5.16M -$2.84M -95,005 -35%

CAR Hedge Fund Activity: Q3 2013 in Review

224 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2013, worth a combined $3.22B — up 0.49% from $3.2B a quarter earlier.

Sellers outnumbered buyers: 70 funds closed out of CAR and 30 opened new positions — a net loss of 40 holders — while 94 trimmed existing stakes and 75 added.

The largest buyer was Iridian Asset Management, adding an estimated $84.1M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $55.3M sold.

  • 224 institutional investors held Avis (CAR) as of Q3 2013, down from 267 in Q2 2013.
  • Funds reported $3.22B of Avis stock for Q3 2013, up 0.49% quarter-over-quarter.
  • 30 funds opened new Avis positions in Q3 2013 and 70 closed out, a net change of -40 holders.
  • The largest Avis buyer in Q3 2013 was Iridian Asset Management, an estimated $84.1M added.
  • The largest Avis seller in Q3 2013 was Columbus Circle Investors, an estimated $55.3M sold.

Based on aggregated 13F filings for Q3 2013.