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241 hedge funds and large institutions have $3.45B invested in Avis in 2016 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 74 increasing their positions, 77 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more call options, than puts

Call options by funds: $109M | Put options by funds: $76.8M

37% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 43

7% more funds holding

Funds holding: 226241 (+15)

4% more capital invested

Capital invested by funds: $3.31B → $3.45B (+$143M)

0.94% less ownership

Funds ownership: 75.23%74.29% (-0.94%)

4% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 77

33% less funds holding in top 10

Funds holding in top 10: 96 (-3)

Holders
241
Holders Change
+15
Holders Change %
+6.64%
% of All Funds
6.43%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.16%
New
59
Increased
74
Reduced
77
Closed
43
Calls
$109M
Puts
$76.8M
Net Calls
+$32.2M
Net Calls Change
-$32.3M
Name Holding Trade Value Shares
Change
Change in
Stake
MOACM
101
Mutual of America Capital Management
New York
$2.25M +$2.39M +65,878 New
Comerica Bank
102
Comerica Bank
Texas
$2.25M +$2.42M +66,778 New
AllianceBernstein
103
AllianceBernstein
Tennessee
$2.15M -$181K -4,992 -7%
Federated Hermes
104
Federated Hermes
Pennsylvania
$2.06M +$1.64M +45,243 +303%
GC
105
Guggenheim Capital
Illinois
$1.83M +$1.34M +37,068 +226%
State of Wisconsin Investment Board
106
State of Wisconsin Investment Board
Wisconsin
$1.83M -$36.2K -1,000 -2%
BlackRock
107
BlackRock
New York
$1.66M +$1.21M +33,313 +218%
BA
108
BlackRock Advisors
Delaware
$1.66M +$15.2K +420 +0.9%
Royal Bank of Canada
109
Royal Bank of Canada
Ontario, Canada
$1.55M +$1.12M +31,052 +220%
MSA
110
Mason Street Advisors
Wisconsin
$1.5M +$1.59M +43,762 New
HSBC Holdings
111
HSBC Holdings
United Kingdom
$1.48M -$85.2K -2,353 -5%
LMGAM
112
Liberty Mutual Group Asset Management
Massachusetts
$1.46M +$1.54M +42,556 New
N
113
Nuveen
North Carolina
$1.31M +$1.39M +38,421 New
SOMRS
114
State of Michigan Retirement System
Michigan
$1.3M +$1.38M +38,100 New
CM
115
Capital Management
Virginia
$1.3M -$559K -15,422 -29%
SKK
116
Shepherd Kaplan Krochuk
Massachusetts
$1.29M -$167K -4,597 -11%
ASRS
117
Arizona State Retirement System
Arizona
$1.26M +$1.34M +36,900 New
CG
118
Clinton Group
New York
$1.24M +$1.31M +36,226 New
Bank of Montreal
119
Bank of Montreal
Ontario, Canada
$1.22M -$26.6M -733,234 -95%
PAM
120
Princeton Alpha Management
New Jersey
$1.19M +$1.26M +34,847 New
QT
121
Quantbot Technologies
New York
$1.18M +$1.25M +34,576 New
VKH
122
Virtu KCG Holdings
New York
$1.18M +$1.25M +34,458 New
OPERF
123
Oregon Public Employees Retirement Fund
Oregon
$1.11M +$472K +13,039 +67%
Ohio Public Employees Retirement System (OPERS)
124
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.03M +$138K +3,815 +14%
AIP
125
Ameritas Investment Partners
Nebraska
$978K +$1.04M +28,600 New

CAR Hedge Fund Activity: Q3 2016 in Review

241 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2016, worth a combined $3.45B — up 4.3% from $3.31B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new CAR positions and 43 closed out — a net gain of 16 holders — while 74 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $92.1M. The largest seller was Baupost Group, exiting entirely with an estimated $57.6M sold.

  • 241 institutional investors held Avis (CAR) as of Q3 2016, up from 226 in Q2 2016.
  • Funds reported $3.45B of Avis stock for Q3 2016, up 4.3% quarter-over-quarter.
  • 59 funds opened new Avis positions in Q3 2016 and 43 closed out, a net change of +16 holders.
  • The largest Avis buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $92.1M added.
  • The largest Avis seller in Q3 2016 was Baupost Group, an estimated $57.6M sold.

Based on aggregated 13F filings for Q3 2016.