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Avis
CAR

263 hedge funds and large institutions have $4.93B invested in Avis in 2015 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 86 increasing their positions, 82 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more call options, than puts

Call options by funds: $271M | Put options by funds: $85.9M

23% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 43

3% more funds holding

Funds holding: 256 → 263 (+7)

5% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 82

0.06% more ownership

Funds ownership: 81.89% → 81.95% (+0.06%)

25% less capital invested

Capital invested by funds: $6.6B → $4.93B (-$1.67B)

38% less funds holding in top 10

Funds holding in top 10: 16 → 10 (-6)

Holders
263
Holders Change
+7
Holders Change %
+2.73%
% of All Funds
7.09%
Holding in Top 10
10
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-37.5%
% of All Funds
0.27%
New
53
Increased
86
Reduced
82
Closed
43
Calls
$271M
Puts
$85.9M
Net Calls
+$185M
Net Calls Change
-$45.2M

Top Buyers

1
FTCM
Fir Tree Capital Management
New York
+$137M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$111M
3
TCM
TimesSquare Capital Management
New York
+$86.5M
4
CGI
CI Global Investments
California
+$86M
5
Viking Global Investors
Viking Global Investors
Connecticut
+$78.8M

Top Sellers

1
Tiger Global Management
Tiger Global Management
New York
-$286M
2
Morgan Stanley
Morgan Stanley
New York
-$125M
3
YCMGA
York Capital Management Global Advisors
New York
-$119M
4
Goldman Sachs
Goldman Sachs
New York
-$64.3M
5
MGM
Miura Global Management
New York
-$59M
Name Holding Trade Value Shares
Change 		Change in
Stake
TA
51
Teachers Advisors
New York
$15.2M -$154K -2,928 -0.8%
TVM
52
Tiger Veda Management
New York
$15.2M – – –
HI
53
HBK Investments
Texas
$14.7M -$4.16M -78,773 -19%
T. Rowe Price Associates
54
T. Rowe Price Associates
Maryland
$13.8M -$517K -9,800 -3%
CCM
55
Cobalt Capital Management
New Jersey
$13.7M +$6.59M +125,000 +67%
California Public Employees Retirement System
56
California Public Employees Retirement System
California
$13.4M -$9.37M -177,703 -37%
BCMNY
57
Buckingham Capital Management (New York)
New York
$12.6M -$11.2M -211,633 -43%
Goldman Sachs
58
Goldman Sachs
New York
$11.2M -$64.3M -1,218,396 -83%
Charles Schwab
59
Charles Schwab
California
$11.2M +$225K +4,268 +2%
First Trust Advisors
60
First Trust Advisors
Illinois
$10.9M -$12.2M -230,774 -48%
QI
61
Quotient Investors
New York
$10.9M +$670K +12,700 +5%
ARTA
62
A.R.T. Advisors
New York
$10.5M +$4.74M +89,949 +61%
Ameriprise
63
Ameriprise
Minnesota
$10.3M -$790K -14,968 -6%
UBS AM
64
UBS AM
Illinois
$9.23M +$730K +13,844 +7%
AIP
65
ARS Investment Partners
New York
$8.96M -$156K -2,966 -1%
CS
66
Credit Suisse
Switzerland
$8.54M +$5.87M +111,276 +135%
California State Teachers Retirement System (CalSTRS)
67
California State Teachers Retirement System (CalSTRS)
California
$8.52M +$4.22K +80 +0%
PPA
68
Parametric Portfolio Associates
Washington
$8.11M -$4.85M -92,024 -33%
HCM
69
Highbridge Capital Management
New York
$7.81M +$5.12M +97,150 +121%
MCM
70
Moore Capital Management
New York
$7.71M +$9.23M +175,000 New
OAC
71
OMERS Administration Corp
Ontario, Canada
$7.52M +$1.14M +21,600 +14%
JHIU
72
Janus Henderson Investors US
Colorado
$7.45M -$7.63M -144,700 -46%
BNP Paribas Financial Markets
73
BNP Paribas Financial Markets
France
$7.44M -$4.46M -84,587 -33%
COC
74
Commonwealth Opportunity Capital
California
$7.16M +$8.57M +162,400 New
Two Sigma Investments
75
Two Sigma Investments
New York
$7.09M -$6.49M -123,093 -43%
1 2
3
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CAR Hedge Fund Activity: Q2 2015 in Review

263 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2015, worth a combined $4.93B — down 25% from $6.6B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new CAR positions and 43 closed out — a net gain of 10 holders — while 86 added to existing stakes and 82 trimmed.

The largest buyer was Fir Tree Capital Management, adding an estimated $137M. The largest seller was Tiger Global Management, exiting entirely with an estimated $286M sold.

  • 263 institutional investors held Avis (CAR) as of Q2 2015, up from 256 in Q1 2015.
  • Funds reported $4.93B of Avis stock for Q2 2015, down 25% quarter-over-quarter.
  • 53 funds opened new Avis positions in Q2 2015 and 43 closed out, a net change of +10 holders.
  • The largest Avis buyer in Q2 2015 was Fir Tree Capital Management, an estimated $137M added.
  • The largest Avis seller in Q2 2015 was Tiger Global Management, an estimated $286M sold.

Based on aggregated 13F filings for Q2 2015.