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224 hedge funds and large institutions have $3.22B invested in Avis in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 94 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $95.8M | Put options by funds: $62.4M

0% more capital invested

Capital invested by funds: $3.2B → $3.22B (+$15.6M)

1.05% less ownership

Funds ownership: 82.81%81.76% (-1.1%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

16% less funds holding

Funds holding: 267224 (-43)

20% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 94

57% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 70

Holders
224
Holders Change
-43
Holders Change %
-16.1%
% of All Funds
7.26%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.32%
New
30
Increased
75
Reduced
94
Closed
70
Calls
$95.8M
Puts
$62.4M
Net Calls
+$33.4M
Net Calls Change
+$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
OAM
76
Oxford Asset Management
United Kingdom
$4.86M -$3.33M -111,458 -40%
MCM
77
Montibus Capital Management
Oregon
$4.7M +$417K +13,935 +9%
MSA
78
Mason Street Advisors
Wisconsin
$4.35M +$4.51M +150,770 New
CS
79
Credit Suisse
Switzerland
$4.33M -$688K -23,010 -13%
BPCM
80
Beach Point Capital Management
California
$4.05M +$2.4M +80,447 +134%
Goldman Sachs
81
Goldman Sachs
New York
$4.04M -$8.53M -285,498 -67%
Macquarie Group
82
Macquarie Group
Australia
$3.79M -$152K -5,084 -4%
LMGAM
83
Liberty Mutual Group Asset Management
Massachusetts
$3.69M -$293K -9,812 -7%
QI
84
Quotient Investors
New York
$3.46M +$1.28M +42,762 +55%
Susquehanna International Group
85
Susquehanna International Group
Pennsylvania
$3.38M -$14.2M -476,137 -80%
Caisse de Depot et Placement du Quebec (CDPQ)
86
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$3.37M +$3.5M +117,000 New
Los Angeles Capital Management
87
Los Angeles Capital Management
California
$3.27M -$351K -11,737 -9%
SNC
88
Stifel Nicolaus & Co
Missouri
$3.07M -$1.86M -62,138 -37%
JIM
89
Jupiter Investment Management
United Kingdom
$3.04M -$1.13M -37,953 -26%
MHC
90
Meyer Handelman Company
New York
$3.03M
RhumbLine Advisers
91
RhumbLine Advisers
Massachusetts
$3M -$720K -24,088 -19%
First Manhattan
92
First Manhattan
New York
$2.99M
AIM
93
Assured Investment Management
New York
$2.86M +$2.96M +99,200 New
RFC
94
Russell Frank Company
Washington
$2.85M -$1.82M -60,758 -38%
OSAM
95
O'Shaughnessy Asset Management
Connecticut
$2.84M -$333K -11,137 -10%
Deutsche Bank
96
Deutsche Bank
Germany
$2.76M -$8.93M -298,611 -76%
UBS AM
97
UBS AM
Illinois
$2.73M
SC
98
Skylands Capital
Wisconsin
$2.73M +$2.83M +94,800 New
NIP
99
Nicholas Investment Partners
California
$2.71M +$760K +25,435 +37%
Legal & General Group
100
Legal & General Group
United Kingdom
$2.69M +$327K +10,957 +13%

CAR Hedge Fund Activity: Q3 2013 in Review

224 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2013, worth a combined $3.22B — up 0.49% from $3.2B a quarter earlier.

Sellers outnumbered buyers: 70 funds closed out of CAR and 30 opened new positions — a net loss of 40 holders — while 94 trimmed existing stakes and 75 added.

The largest buyer was Iridian Asset Management, adding an estimated $84.1M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $55.3M sold.

  • 224 institutional investors held Avis (CAR) as of Q3 2013, down from 267 in Q2 2013.
  • Funds reported $3.22B of Avis stock for Q3 2013, up 0.49% quarter-over-quarter.
  • 30 funds opened new Avis positions in Q3 2013 and 70 closed out, a net change of -40 holders.
  • The largest Avis buyer in Q3 2013 was Iridian Asset Management, an estimated $84.1M added.
  • The largest Avis seller in Q3 2013 was Columbus Circle Investors, an estimated $55.3M sold.

Based on aggregated 13F filings for Q3 2013.