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249 hedge funds and large institutions have $3.16B invested in Avis in 2017 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 78

13.1% more ownership

Funds ownership: 112.08%125.18% (+13%)

7% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 45

3% less funds holding

Funds holding: 258249 (-9)

12% less capital invested

Capital invested by funds: $3.61B → $3.16B (-$450M)

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

68% less call options, than puts

Call options by funds: $33.2M | Put options by funds: $104M

Holders
249
Holders Change
-9
Holders Change %
-3.49%
% of All Funds
6.2%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.12%
New
42
Increased
89
Reduced
78
Closed
45
Calls
$33.2M
Puts
$104M
Net Calls
-$71M
Net Calls Change
-$71M
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
51
Ameriprise
Minnesota
$6.99M +$79.6K +2,294 +1%
N
52
Nuveen
North Carolina
$6.93M +$5.31M +152,865 +188%
GC
53
Guggenheim Capital
Illinois
$6.86M -$407K -11,724 -5%
Legal & General Group
54
Legal & General Group
United Kingdom
$6.23M +$1.4M +40,254 +24%
KIM
55
Kestrel Investment Management
California
$6.14M +$7.21M +207,625 New
Fidelity Investments
56
Fidelity Investments
Massachusetts
$5.75M -$27.7M -796,900 -80%
Invesco
57
Invesco
Georgia
$5.68M -$1.88M -54,203 -22%
GHCM
58
Glen Harbor Capital Management
California
$5.68M +$3.57M +102,918 +115%
Federated Hermes
59
Federated Hermes
Pennsylvania
$5.42M +$4.86M +140,064 +325%
HP
60
Hosking Partners
United Kingdom
$5.23M +$574K +16,530 +10%
AIG
61
American International Group
New York
$5.07M +$88.5K +2,550 +2%
Bank of America
62
Bank of America
North Carolina
$4.98M -$1.81M -52,253 -24%
RhumbLine Advisers
63
RhumbLine Advisers
Massachusetts
$4.9M +$26.9K +776 +0.5%
SC
64
Shellback Capital
Massachusetts
$4.84M +$5.69M +163,800 New
MCIM
65
Meadow Creek Investment Management
Georgia
$4.68M +$2.94M +84,756 +115%
T. Rowe Price Associates
66
T. Rowe Price Associates
Maryland
$4.62M +$115K +3,301 +2%
California State Teachers Retirement System (CalSTRS)
67
California State Teachers Retirement System (CalSTRS)
California
$4.56M -$253K -7,300 -5%
CCMH
68
Cornerstone Capital Management Holdings
New York
$4.56M -$1.11M -31,906 -17%
UOC
69
UBS O'Connor
Illinois
$4.44M -$2.57M -74,170 -33%
Barclays
70
Barclays
United Kingdom
$4.43M -$9.34M -269,022 -64%
GIA
71
Gateway Investment Advisers
Ohio
$4.43M -$46.6K -1,342 -0.9%
NFA
72
Nationwide Fund Advisors
Ohio
$4.3M -$261K -7,530 -5%
SEI Investments
73
SEI Investments
Pennsylvania
$4.27M +$63.2K +1,820 +1%
State Board of Administration of Florida Retirement System
74
State Board of Administration of Florida Retirement System
Florida
$4.2M -$123K -3,550 -2%
Mackenzie Financial
75
Mackenzie Financial
Ontario, Canada
$3.94M +$4.62M +133,100 New

CAR Hedge Fund Activity: Q1 2017 in Review

249 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2017, worth a combined $3.16B — down 12% from $3.61B a quarter earlier.

Sellers outnumbered buyers: 45 funds closed out of CAR and 42 opened new positions — a net loss of 3 holders — while 78 trimmed existing stakes and 89 added.

The largest buyer was BlackRock, adding an estimated $260M. The largest seller was UBS Group, cutting an estimated $76.2M.

  • 249 institutional investors held Avis (CAR) as of Q1 2017, down from 258 in Q4 2016.
  • Funds reported $3.16B of Avis stock for Q1 2017, down 12% quarter-over-quarter.
  • 42 funds opened new Avis positions in Q1 2017 and 45 closed out, a net change of -3 holders.
  • The largest Avis buyer in Q1 2017 was BlackRock, an estimated $260M added.
  • The largest Avis seller in Q1 2017 was UBS Group, an estimated $76.2M sold.

Based on aggregated 13F filings for Q1 2017.