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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
HI
101
HBK Investments
Texas
$2.66M +$1.91M +64,001 +225%
Swiss National Bank
102
Swiss National Bank
Switzerland
$2.64M -$143K -4,800 -5%
BG
103
BlackRock Group
United Kingdom
$2.6M +$35.6K +1,190 +1%
CIP
104
Convergence Investment Partners
Florida
$2.59M +$1.07M +35,660 +66%
AllianceBernstein
105
AllianceBernstein
Tennessee
$2.33M -$434K -14,521 -15%
KC
106
Kingfisher Capital
North Carolina
$2.29M -$69.5K -2,324 -3%
AC
107
Ascend Capital
California
$2.29M +$2.37M +79,300 New
State of Wisconsin Investment Board
108
State of Wisconsin Investment Board
Wisconsin
$2.28M -$184K -6,150 -7%
State of Tennessee, Department of Treasury
109
State of Tennessee, Department of Treasury
Tennessee
$2.21M +$2.29M +76,713 New
TPM
110
T2 Partners Management
New York
$2.13M -$30.7K -1,026 -1%
AQR Capital Management
111
AQR Capital Management
Connecticut
$2.11M +$44.4K +1,485 +2%
GC
112
Guggenheim Capital
Illinois
$2.06M +$1.71M +57,310 +402%
TA
113
Teachers Advisors
New York
$2.02M +$45.7K +1,530 +2%
WSA
114
Wall Street Associates
California
$2M -$79.7K -2,666 -4%
SKK
115
Shepherd Kaplan Krochuk
Massachusetts
$1.77M
TBAM
116
True Bearing Asset Management
California
$1.76M -$598K -20,000 -25%
NTCOC
117
Northern Trust Company of Connecticut
Connecticut
$1.71M -$1.67M -55,993 -49%
PG
118
PEAK6 Group
Illinois
$1.68M +$403K +13,476 +13%
VOYA Investment Management
119
VOYA Investment Management
Georgia
$1.63M -$3.71K -124 -0.2%
PG
120
Portola Group
California
$1.62M -$145K -4,850 -8%
Arrowstreet Capital
121
Arrowstreet Capital
Massachusetts
$1.61M -$918K -30,724 -35%
DAM
122
Deltec Asset Management
New York
$1.57M +$976K +32,640 +150%
DA
123
Denali Advisors
California
$1.56M
MCG
124
Meru Capital Group
New York
$1.53M -$12.4M -415,908 -89%
MA
125
Montag & Associates
Georgia
$1.52M +$1.57M +52,650 New

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.