Avis
219 hedge funds and large institutions have $2.14B invested in Avis in 2019 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 60 increasing their positions, 90 reducing their positions, and 45 closing their positions.
0.87% less ownership
Funds ownership: 100.64% → 99.77% (-0.87%)
9% less funds holding
Funds holding: 240 → 219 (-21)
20% less capital invested
Capital invested by funds: $2.69B → $2.14B (-$546M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
33% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 90
47% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 45
67% less call options, than puts
Call options by funds: $34.1M | Put options by funds: $102M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
+$38.3M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$19.3M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$14.5M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$12.2M |
| 5 |
Pzena Investment Management
New York
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
-$40.1M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$28.5M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$13.6M |
| 4 |
D.E. Shaw & Co
New York
|
-$11.2M |
| 5 |
LAM
Lyrical Asset Management
New York
|
-$9.94M |
CAR Hedge Fund Activity: Q3 2019 in Review
219 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2019, worth a combined $2.14B — down 20% from $2.69B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of CAR and 24 opened new positions — a net loss of 21 holders — while 90 trimmed existing stakes and 60 added.
The largest buyer was Glenview Capital Management, adding an estimated $38.3M. The largest seller was Tremblant Capital Group, exiting entirely with an estimated $40.1M sold.
- 219 institutional investors held Avis (CAR) as of Q3 2019, down from 240 in Q2 2019.
- Funds reported $2.14B of Avis stock for Q3 2019, down 20% quarter-over-quarter.
- 24 funds opened new Avis positions in Q3 2019 and 45 closed out, a net change of -21 holders.
- The largest Avis buyer in Q3 2019 was Glenview Capital Management, an estimated $38.3M added.
- The largest Avis seller in Q3 2019 was Tremblant Capital Group, an estimated $40.1M sold.
Based on aggregated 13F filings for Q3 2019.