Avis
228 hedge funds and large institutions have $4.96B invested in Avis in 2015 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 80 increasing their positions, 83 reducing their positions, and 64 closing their positions.
83% more call options, than puts
Call options by funds: $207M | Put options by funds: $113M
60% more funds holding in top 10
Funds holding in top 10: 10 → 16 (+6)
0.99% more ownership
Funds ownership: 81.95% → 82.94% (+0.99%)
1% more capital invested
Capital invested by funds: $4.93B → $4.96B (+$31.6M)
4% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 83
13% less funds holding
Funds holding: 263 → 228 (-35)
52% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
+$135M |
| 2 |
IIM
Ivory Investment Management
New York
|
+$134M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$126M |
| 4 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$76.1M |
| 5 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$74.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
-$190M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$88.2M |
| 3 |
ACM
Altimeter Capital Management
Boston,
Massachusetts
|
-$78.5M |
| 4 |
First Eagle Investment Management
New York
|
-$70.4M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$64.7M |
CAR Hedge Fund Activity: Q3 2015 in Review
228 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2015, worth a combined $4.96B — up 0.64% from $4.93B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of CAR and 31 opened new positions — a net loss of 33 holders — while 83 trimmed existing stakes and 80 added.
The largest buyer was Bain Capital Public Equity Management, opening a new position worth an estimated $135M. The largest seller was Viking Global Investors, exiting entirely with an estimated $190M sold.
- 228 institutional investors held Avis (CAR) as of Q3 2015, down from 263 in Q2 2015.
- Funds reported $4.96B of Avis stock for Q3 2015, up 0.64% quarter-over-quarter.
- 31 funds opened new Avis positions in Q3 2015 and 64 closed out, a net change of -33 holders.
- The largest Avis buyer in Q3 2015 was Bain Capital Public Equity Management, an estimated $135M added.
- The largest Avis seller in Q3 2015 was Viking Global Investors, an estimated $190M sold.
Based on aggregated 13F filings for Q3 2015.