Avis
234 hedge funds and large institutions have $4.73B invested in Avis in 2013 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 61 increasing their positions, 96 reducing their positions, and 32 closing their positions.
60% more funds holding in top 10
Funds holding in top 10: 10 → 16 (+6)
47% more capital invested
Capital invested by funds: $3.22B → $4.73B (+$1.51B)
41% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 32
26% more call options, than puts
Call options by funds: $159M | Put options by funds: $125M
4% more funds holding
Funds holding: 224 → 234 (+10)
3.79% more ownership
Funds ownership: 81.76% → 85.55% (+3.8%)
36% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 96
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRC
Blue Ridge Capital
New York
|
+$80.4M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$60.9M |
| 3 |
SCM
SAB Capital Management
New York
|
+$33.3M |
| 4 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$31.3M |
| 5 |
SCM
Steadfast Capital Management
New York
|
+$30.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$41M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$31.5M |
| 3 |
BTP
Bloom Tree Partners
New York
|
-$29.6M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$29.5M |
| 5 |
PC
PointState Capital
New York
|
-$28.9M |
CAR Hedge Fund Activity: Q4 2013 in Review
234 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2013, worth a combined $4.73B — up 47% from $3.22B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new CAR positions and 32 closed out — a net gain of 13 holders — while 61 added to existing stakes and 96 trimmed.
The largest buyer was Blue Ridge Capital, adding an estimated $80.4M. The largest seller was Dimensional Fund Advisors, cutting an estimated $41M.
- 234 institutional investors held Avis (CAR) as of Q4 2013, up from 224 in Q3 2013.
- Funds reported $4.73B of Avis stock for Q4 2013, up 47% quarter-over-quarter.
- 45 funds opened new Avis positions in Q4 2013 and 32 closed out, a net change of +13 holders.
- The largest Avis buyer in Q4 2013 was Blue Ridge Capital, an estimated $80.4M added.
- The largest Avis seller in Q4 2013 was Dimensional Fund Advisors, an estimated $41M sold.
Based on aggregated 13F filings for Q4 2013.