Avis
241 hedge funds and large institutions have $3.45B invested in Avis in 2016 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 74 increasing their positions, 77 reducing their positions, and 43 closing their positions.
42% more call options, than puts
Call options by funds: $109M | Put options by funds: $76.8M
37% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 43
7% more funds holding
Funds holding: 226 → 241 (+15)
4% more capital invested
Capital invested by funds: $3.31B → $3.45B (+$143M)
0.94% less ownership
Funds ownership: 75.23% → 74.29% (-0.94%)
4% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 77
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$92.1M |
| 2 |
State Street
Boston,
Massachusetts
|
+$42.3M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$41.6M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$41.4M |
| 5 |
TCP
Tourbillon Capital Partners
New York
|
+$22.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$57.6M |
| 2 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
-$51.4M |
| 3 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$50.4M |
| 4 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$28.4M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$26.6M |
CAR Hedge Fund Activity: Q3 2016 in Review
241 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2016, worth a combined $3.45B — up 4.3% from $3.31B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new CAR positions and 43 closed out — a net gain of 16 holders — while 74 added to existing stakes and 77 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $92.1M. The largest seller was Baupost Group, exiting entirely with an estimated $57.6M sold.
- 241 institutional investors held Avis (CAR) as of Q3 2016, up from 226 in Q2 2016.
- Funds reported $3.45B of Avis stock for Q3 2016, up 4.3% quarter-over-quarter.
- 59 funds opened new Avis positions in Q3 2016 and 43 closed out, a net change of +16 holders.
- The largest Avis buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $92.1M added.
- The largest Avis seller in Q3 2016 was Baupost Group, an estimated $57.6M sold.
Based on aggregated 13F filings for Q3 2016.