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261 hedge funds and large institutions have $2.77B invested in Avis in 2018 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 89 increasing their positions, 85 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 42

3% more funds holding

Funds holding: 254261 (+7)

5% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 85

20.7% less ownership

Funds ownership: 125.76%105.06% (-21%)

40% less capital invested

Capital invested by funds: $4.59B → $2.77B (-$1.81B)

49% less call options, than puts

Call options by funds: $99.6M | Put options by funds: $195M

63% less funds holding in top 10

Funds holding in top 10: 83 (-5)

Holders
261
Holders Change
+7
Holders Change %
+2.76%
% of All Funds
5.97%
Holding in Top 10
3
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-62.5%
% of All Funds
0.07%
New
53
Increased
89
Reduced
85
Closed
42
Calls
$99.6M
Puts
$195M
Net Calls
-$95.4M
Net Calls Change
-$133M
Name Holding Trade Value Shares
Change
Change in
Stake
Canada Pension Plan Investment Board
51
Canada Pension Plan Investment Board
Ontario, Canada
$6.84M +$1.58M +36,200 +21%
HP
52
Hosking Partners
United Kingdom
$6.61M +$62.3K +1,431 +0.7%
MCM
53
Matarin Capital Management
New York
$6.37M +$2.38M +54,698 +39%
LSV Asset Management
54
LSV Asset Management
Illinois
$6.09M -$218K -5,000 -3%
SG Americas Securities
55
SG Americas Securities
New York
$6.08M -$55.3M -1,268,692 -87%
AIG
56
American International Group
New York
$6.08M -$4.05K -93 -0%
KIM
57
Kestrel Investment Management
California
$5.83M -$244K -5,600 -3%
Legal & General Group
58
Legal & General Group
United Kingdom
$5.64M -$238K -5,467 -3%
PCM
59
PAR Capital Management
Massachusetts
$5.33M -$262M -6,017,608 -97%
AIM
60
Assured Investment Management
New York
$5.28M +$7.07M +162,299 New
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$5.27M -$137K -3,137 -2%
HI
62
HBK Investments
Texas
$4.91M +$6.58M +151,000 New
GIA
63
Gateway Investment Advisers
Ohio
$4.85M
New York State Common Retirement Fund
64
New York State Common Retirement Fund
New York
$4.79M +$2.39M +54,769 +59%
American Century Companies
65
American Century Companies
Missouri
$4.22M +$5.65M +129,720 New
AQR Capital Management
66
AQR Capital Management
Connecticut
$4.13M +$2.96M +67,894 +115%
CS
67
Credit Suisse
Switzerland
$4.08M -$4.82M -110,702 -47%
RhumbLine Advisers
68
RhumbLine Advisers
Massachusetts
$4.07M -$38.7K -888 -0.7%
AllianceBernstein
69
AllianceBernstein
Tennessee
$3.97M -$1.08M -24,893 -17%
Swiss National Bank
70
Swiss National Bank
Switzerland
$3.89M -$414K -9,500 -7%
Barclays
71
Barclays
United Kingdom
$3.81M -$779K -17,876 -13%
UBS AM
72
UBS AM
Illinois
$3.78M -$633K -14,530 -11%
California State Teachers Retirement System (CalSTRS)
73
California State Teachers Retirement System (CalSTRS)
California
$3.64M -$277K -6,357 -5%
Capital Fund Management (CFM)
74
Capital Fund Management (CFM)
France
$3.34M +$3.14M +72,059 +235%
Hudson Bay Capital Management
75
Hudson Bay Capital Management
Connecticut
$3.25M +$4.35M +99,900 New

CAR Hedge Fund Activity: Q2 2018 in Review

261 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2018, worth a combined $2.77B — down 40% from $4.59B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new CAR positions and 42 closed out — a net gain of 11 holders — while 89 added to existing stakes and 85 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $56.4M. The largest seller was Jefferies Group, cutting an estimated $287M.

  • 261 institutional investors held Avis (CAR) as of Q2 2018, up from 254 in Q1 2018.
  • Funds reported $2.77B of Avis stock for Q2 2018, down 40% quarter-over-quarter.
  • 53 funds opened new Avis positions in Q2 2018 and 42 closed out, a net change of +11 holders.
  • The largest Avis buyer in Q2 2018 was Bank of Montreal, an estimated $56.4M added.
  • The largest Avis seller in Q2 2018 was Jefferies Group, an estimated $287M sold.

Based on aggregated 13F filings for Q2 2018.