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Avis
CAR

263 hedge funds and large institutions have $5.34B invested in Avis in 2021 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 69 increasing their positions, 100 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 36

9% more capital invested

Capital invested by funds: $4.88B → $5.34B (+$458M)

8% more funds holding

Funds holding: 243 → 263 (+20)

1.81% more ownership

Funds ownership: 96.56% → 98.37% (+1.8%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

25% less call options, than puts

Call options by funds: $196M | Put options by funds: $263M

31% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 100

Holders
263
Holders Change
+20
Holders Change %
+8.23%
% of All Funds
4.58%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
58
Increased
69
Reduced
100
Closed
36
Calls
$196M
Puts
$263M
Net Calls
-$66.8M
Net Calls Change
-$32.2M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$311M
2
Nomura Holdings
Nomura Holdings
Japan
+$51.7M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$32.6M
4
Bank of America
Bank of America
North Carolina
+$24.6M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$18.6M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$71.4M
2
NCM
Nantahala Capital Management
Connecticut
-$43.1M
3
GCM
Glenview Capital Management
New York
-$36.4M
4
CGM
Capital Growth Management
Massachusetts
-$31.9M
5
State Street
State Street
Massachusetts
-$28.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIM
76
MetLife Investment Management
New Jersey
$3.43M -$252K -3,039 -6%
QC
77
Quadrature Capital
United Kingdom
$3.22M -$1.75M -21,104 -34%
MC
78
Maverick Capital
Texas
$3.1M +$141K +1,698 +4%
WIM
79
Wittenberg Investment Management
Massachusetts
$3.09M -$414K -5,000 -11%
HF
80
HRT Financial
New York
$3.04M +$3.24M +39,070 New
AQR Capital Management
81
AQR Capital Management
Connecticut
$3.03M +$1.37M +16,515 +74%
TPSF
82
Texas Permanent School Fund
Texas
$3M -$7.21K -87 -0.2%
6C
83
6elm Capital
New York
$2.99M +$3.18M +38,400 New
AB
84
Amalgamated Bank
New York
$2.96M +$2.49M +30,048 +378%
ECM
85
ExodusPoint Capital Management
New York
$2.83M +$3.02M +36,386 New
DIM
86
Delta Investment Management
California
$2.83M +$3.01M +36,300 New
SG Americas Securities
87
SG Americas Securities
New York
$2.77M +$2.18M +26,245 +282%
Comerica Bank
88
Comerica Bank
Texas
$2.68M -$121K -1,464 -5%
T. Rowe Price Associates
89
T. Rowe Price Associates
Maryland
$2.5M -$275K -3,321 -9%
Rafferty Asset Management
90
Rafferty Asset Management
New York
$2.49M +$1.45M +17,468 +121%
State of New Jersey Common Pension Fund D
91
State of New Jersey Common Pension Fund D
New Jersey
$2.47M -$1.97M -23,822 -43%
TI
92
Trexquant Investment
Connecticut
$2.42M +$2.58M +31,086 New
BNP Paribas Financial Markets
93
BNP Paribas Financial Markets
France
$2.39M +$1.44M +17,334 +130%
PAA
94
Peregrine Asset Advisers
Oregon
$2.37M +$2.52M +30,370 New
SEI Investments
95
SEI Investments
Pennsylvania
$2.34M +$804K +9,697 +48%
Capital Fund Management (CFM)
96
Capital Fund Management (CFM)
France
$2.2M +$2.34M +28,227 New
VOYA Investment Management
97
VOYA Investment Management
Georgia
$2.08M -$228K -2,747 -9%
Jacobs Levy Equity Management
98
Jacobs Levy Equity Management
New Jersey
$2.08M -$16.3K -197 -0.7%
E
99
Ergoteles
New York
$1.97M +$2.1M +25,274 New
Canada Life
100
Canada Life
Manitoba, Canada
$1.87M -$19.1K -231 -1%
2 3
4
5 6

CAR Hedge Fund Activity: Q2 2021 in Review

263 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2021, worth a combined $5.34B — up 9.4% from $4.88B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new CAR positions and 36 closed out — a net gain of 22 holders — while 69 added to existing stakes and 100 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $311M. The largest seller was Morgan Stanley, cutting an estimated $71.4M.

  • 263 institutional investors held Avis (CAR) as of Q2 2021, up from 243 in Q1 2021.
  • Funds reported $5.34B of Avis stock for Q2 2021, up 9.4% quarter-over-quarter.
  • 58 funds opened new Avis positions in Q2 2021 and 36 closed out, a net change of +22 holders.
  • The largest Avis buyer in Q2 2021 was Fidelity Investments, an estimated $311M added.
  • The largest Avis seller in Q2 2021 was Morgan Stanley, an estimated $71.4M sold.

Based on aggregated 13F filings for Q2 2021.