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226 hedge funds and large institutions have $3.31B invested in Avis in 2016 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 63 increasing their positions, 85 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $136M | Put options by funds: $71.7M

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

21% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 38

17% more capital invested

Capital invested by funds: $2.84B → $3.31B (+$473M)

3% more funds holding

Funds holding: 220226 (+6)

1.17% less ownership

Funds ownership: 76.4%75.23% (-1.2%)

26% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 85

Holders
226
Holders Change
+6
Holders Change %
+2.73%
% of All Funds
6.03%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.24%
New
46
Increased
63
Reduced
85
Closed
38
Calls
$136M
Puts
$71.7M
Net Calls
+$64.5M
Net Calls Change
+$21.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Charles Schwab
51
Charles Schwab
California
$10.5M +$734K +26,560 +9%
First Manhattan
52
First Manhattan
New York
$9.99M +$6.29M +227,550 +276%
MLIM
53
Mountain Lake Investment Management
Florida
$9.67M -$7.14M -258,500 -46%
New York State Common Retirement Fund
54
New York State Common Retirement Fund
New York
$9.66M -$4.22M -152,636 -34%
GIA
55
Gateway Investment Advisers
Ohio
$8.43M -$2.82M -102,173 -28%
DAM
56
Deltec Asset Management
New York
$8.06M -$4.01M -145,265 -37%
IIA
57
IPG Investment Advisors
California
$7.87M -$3.93M -142,155 -37%
Invesco
58
Invesco
Georgia
$6.82M -$1.36M -49,377 -19%
Canada Pension Plan Investment Board
59
Canada Pension Plan Investment Board
Ontario, Canada
$6.16M -$9.08M -328,500 -63%
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$5.7M -$1M -36,193 -17%
SEI Investments
61
SEI Investments
Pennsylvania
$5.7M -$3.61M -130,623 -42%
PPA
62
Parametric Portfolio Associates
Washington
$5.68M +$2.11M +76,296 +76%
UBS AM
63
UBS AM
Illinois
$5.58M -$1.61M -58,194 -25%
BCMNY
64
Buckingham Capital Management (New York)
New York
$5.48M +$1.36M +49,213 +41%
Bank of America
65
Bank of America
North Carolina
$5.37M -$430K -15,575 -9%
State Board of Administration of Florida Retirement System
66
State Board of Administration of Florida Retirement System
Florida
$5.12M +$805K +29,152 +22%
Swiss National Bank
67
Swiss National Bank
Switzerland
$4.78M -$566K -20,500 -12%
CS
68
Credit Suisse
Switzerland
$4.74M -$831K -30,075 -17%
HP
69
Hosking Partners
United Kingdom
$4.67M +$540K +19,528 +16%
ECP
70
Elk Creek Partners
Colorado
$4.63M +$60.7K +2,198 +2%
NFA
71
Nationwide Fund Advisors
Ohio
$4.6M -$55.3K -2,000 -1%
MCG
72
Meru Capital Group
New York
$4.54M +$3.89M +140,798 New
PAM
73
Pagoda Asset Management
New York
$4.51M +$3.86M +139,870 New
Renaissance Technologies
74
Renaissance Technologies
New York
$4.3M +$3.69M +133,400 New
American Century Companies
75
American Century Companies
Missouri
$3.88M +$2.84M +102,849 +583%

CAR Hedge Fund Activity: Q2 2016 in Review

226 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2016, worth a combined $3.31B — up 17% from $2.84B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new CAR positions and 38 closed out — a net gain of 8 holders — while 63 added to existing stakes and 85 trimmed.

The largest buyer was Bank of New York Mellon, adding an estimated $99.7M. The largest seller was Iridian Asset Management, exiting entirely with an estimated $129M sold.

  • 226 institutional investors held Avis (CAR) as of Q2 2016, up from 220 in Q1 2016.
  • Funds reported $3.31B of Avis stock for Q2 2016, up 17% quarter-over-quarter.
  • 46 funds opened new Avis positions in Q2 2016 and 38 closed out, a net change of +8 holders.
  • The largest Avis buyer in Q2 2016 was Bank of New York Mellon, an estimated $99.7M added.
  • The largest Avis seller in Q2 2016 was Iridian Asset Management, an estimated $129M sold.

Based on aggregated 13F filings for Q2 2016.