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256 hedge funds and large institutions have $6.6B invested in Avis in 2015 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more call options, than puts

Call options by funds: $427M | Put options by funds: $197M

14% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 78

1.7% less ownership

Funds ownership: 83.59%81.89% (-1.7%)

3% less funds holding

Funds holding: 263256 (-7)

13% less capital invested

Capital invested by funds: $7.57B → $6.6B (-$969M)

14% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 51

16% less funds holding in top 10

Funds holding in top 10: 1916 (-3)

Holders
256
Holders Change
-7
Holders Change %
-2.66%
% of All Funds
6.82%
Holding in Top 10
16
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-15.79%
% of All Funds
0.43%
New
44
Increased
89
Reduced
78
Closed
51
Calls
$427M
Puts
$197M
Net Calls
+$230M
Net Calls Change
-$69.4M
Name Holding Trade Value Shares
Change
Change in
Stake
New York State Common Retirement Fund
51
New York State Common Retirement Fund
New York
$19.1M +$9.69M +158,825 +97%
T. Rowe Price Associates
52
T. Rowe Price Associates
Maryland
$19M +$488K +8,000 +3%
JHIU
53
Janus Henderson Investors US
Colorado
$18.5M -$360K -5,900 -2%
Two Sigma Investments
54
Two Sigma Investments
New York
$16.8M +$8.31M +136,240 +92%
Victory Capital Management
55
Victory Capital Management
Texas
$16.6M -$3.27M -53,515 -16%
PPA
56
Parametric Portfolio Associates
Washington
$16.3M -$1.11M -18,172 -6%
BNP Paribas Financial Markets
57
BNP Paribas Financial Markets
France
$14.9M -$937K -15,360 -6%
Charles Schwab
58
Charles Schwab
California
$14.7M +$2.4M +39,262 +19%
Ameriprise
59
Ameriprise
Minnesota
$14.6M -$9.35M -153,255 -38%
Parallax Volatility Advisers
60
Parallax Volatility Advisers
California
$14.1M +$14.2M +233,153 +3,863%
QI
61
Quotient Investors
New York
$13.9M +$6.22M +102,000 +77%
Millennium Management
62
Millennium Management
New York
$12.4M +$8.36M +136,931 +188%
AIP
63
ARS Investment Partners
New York
$12.2M -$944K -15,469 -7%
UBS AM
64
UBS AM
Illinois
$11.5M -$6.55M -107,257 -35%
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$11.4M -$201K -3,300 -2%
Arrowstreet Capital
66
Arrowstreet Capital
Massachusetts
$11.1M +$9.44M +154,775 +475%
CCM
67
Cobalt Capital Management
New Jersey
$11M +$2.23M +36,600 +24%
Renaissance Technologies
68
Renaissance Technologies
New York
$10.8M +$11.2M +183,130 New
CCMH
69
Cornerstone Capital Management Holdings
New York
$10.3M +$762K +12,491 +8%
Two Sigma Advisers
70
Two Sigma Advisers
New York
$9.96M -$3.21M -52,604 -24%
State Board of Administration of Florida Retirement System
71
State Board of Administration of Florida Retirement System
Florida
$9.67M -$1.78M -29,179 -15%
MAA
72
Managed Account Advisors
New Jersey
$9.44M +$8.07M +132,184 +475%
OCAM
73
Owl Creek Asset Management
New York
$9.37M -$53.4M -874,807 -85%
TPCM
74
Tide Point Capital Management
Connecticut
$8.85M -$3.66M -60,000 -29%
OAC
75
OMERS Administration Corp
Ontario, Canada
$8.8M -$494K -8,100 -5%

CAR Hedge Fund Activity: Q1 2015 in Review

256 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2015, worth a combined $6.6B — down 13% from $7.57B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of CAR and 44 opened new positions — a net loss of 7 holders — while 78 trimmed existing stakes and 89 added.

The largest buyer was Capital World Investors, opening a new position worth an estimated $122M. The largest seller was SAB Capital Management, exiting entirely with an estimated $148M sold.

  • 256 institutional investors held Avis (CAR) as of Q1 2015, down from 263 in Q4 2014.
  • Funds reported $6.6B of Avis stock for Q1 2015, down 13% quarter-over-quarter.
  • 44 funds opened new Avis positions in Q1 2015 and 51 closed out, a net change of -7 holders.
  • The largest Avis buyer in Q1 2015 was Capital World Investors, an estimated $122M added.
  • The largest Avis seller in Q1 2015 was SAB Capital Management, an estimated $148M sold.

Based on aggregated 13F filings for Q1 2015.