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256 hedge funds and large institutions have $6.6B invested in Avis in 2015 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more call options, than puts

Call options by funds: $427M | Put options by funds: $197M

14% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 78

1.7% less ownership

Funds ownership: 83.59%81.89% (-1.7%)

3% less funds holding

Funds holding: 263256 (-7)

13% less capital invested

Capital invested by funds: $7.57B → $6.6B (-$969M)

14% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 51

16% less funds holding in top 10

Funds holding in top 10: 1916 (-3)

Holders
256
Holders Change
-7
Holders Change %
-2.66%
% of All Funds
6.82%
Holding in Top 10
16
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-15.79%
% of All Funds
0.43%
New
44
Increased
89
Reduced
78
Closed
51
Calls
$427M
Puts
$197M
Net Calls
+$230M
Net Calls Change
-$69.4M
Name Holding Trade Value Shares
Change
Change in
Stake
ARTA
76
A.R.T. Advisors
New York
$8.71M +$9.01M +147,615 New
JCM
77
Jag Capital Management
Missouri
$8.61M +$8.9M +145,819 New
Invesco
78
Invesco
Georgia
$8.59M +$1.65M +27,114 +23%
GIA
79
Gateway Investment Advisers
Ohio
$8.56M
AAM
80
Amerigo Asset Management
Cayman Islands
$8.09M +$8.36M +137,000 New
HC
81
Hosking & Co
Ireland
$8.08M +$479K +7,855 +6%
PFC
82
Phocas Financial Corp
California
$7.4M +$1.27M +20,809 +20%
6CM
83
683 Capital Management
New York
$7.2M +$7.44M +122,000 New
Swiss National Bank
84
Swiss National Bank
Switzerland
$7.15M +$183K +3,000 +3%
IIA
85
IPG Investment Advisors
California
$7.09M -$273K -4,475 -4%
BCM
86
Bridgeway Capital Management
Texas
$7M
AQR Capital Management
87
AQR Capital Management
Connecticut
$6.71M +$2.46M +40,281 +55%
EVM
88
Eaton Vance Management
Massachusetts
$6.48M -$602K -9,864 -8%
Federated Hermes
89
Federated Hermes
Pennsylvania
$6.47M +$1.5M +24,501 +29%
Legal & General Group
90
Legal & General Group
United Kingdom
$6.3M +$165K +2,708 +3%
CC
91
Carlson Capital
Texas
$5.9M +$6.1M +100,000 New
MHC
92
Meyer Handelman Company
New York
$5.82M -$20.7K -340 -0.3%
Stifel Financial
93
Stifel Financial
Missouri
$5.76M +$785K +12,867 +15%
JP Morgan Chase
94
JP Morgan Chase
New York
$5.61M -$3.23M -52,969 -36%
RhumbLine Advisers
95
RhumbLine Advisers
Massachusetts
$5.28M +$229K +3,760 +4%
Citadel Advisors
96
Citadel Advisors
Florida
$5.19M +$1.39M +22,815 +35%
RFC
97
Russell Frank Company
Washington
$5.08M -$2.01M -32,901 -28%
CSS
98
Cubist Systematic Strategies
Connecticut
$5.02M +$3.38M +55,358 +186%
CS
99
Credit Suisse
Switzerland
$4.87M -$592K -9,703 -11%
State of Wisconsin Investment Board
100
State of Wisconsin Investment Board
Wisconsin
$4.72M -$134K -2,190 -3%

CAR Hedge Fund Activity: Q1 2015 in Review

256 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2015, worth a combined $6.6B — down 13% from $7.57B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of CAR and 44 opened new positions — a net loss of 7 holders — while 78 trimmed existing stakes and 89 added.

The largest buyer was Capital World Investors, opening a new position worth an estimated $122M. The largest seller was SAB Capital Management, exiting entirely with an estimated $148M sold.

  • 256 institutional investors held Avis (CAR) as of Q1 2015, down from 263 in Q4 2014.
  • Funds reported $6.6B of Avis stock for Q1 2015, down 13% quarter-over-quarter.
  • 44 funds opened new Avis positions in Q1 2015 and 51 closed out, a net change of -7 holders.
  • The largest Avis buyer in Q1 2015 was Capital World Investors, an estimated $122M added.
  • The largest Avis seller in Q1 2015 was SAB Capital Management, an estimated $148M sold.

Based on aggregated 13F filings for Q1 2015.