Avis
240 hedge funds and large institutions have $2.69B invested in Avis in 2019 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 54 increasing their positions, 98 reducing their positions, and 41 closing their positions.
3% less capital invested
Capital invested by funds: $2.76B → $2.69B (-$79.2M)
3.74% less ownership
Funds ownership: 104.38% → 100.64% (-3.7%)
4% less funds holding
Funds holding: 251 → 240 (-11)
20% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 41
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
45% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 98
55% less call options, than puts
Call options by funds: $81.5M | Put options by funds: $180M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$38.3M |
| 2 |
Citigroup
New York
|
+$34.5M |
| 3 |
Renaissance Technologies
New York
|
+$25.5M |
| 4 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$15.9M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
CIBC World Markets
New York
|
-$33.6M |
| 2 |
Millennium Management
New York
|
-$27.5M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$21.1M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$18.1M |
| 5 |
GCM
Glenview Capital Management
New York
|
-$17.3M |
CAR Hedge Fund Activity: Q2 2019 in Review
240 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2019, worth a combined $2.69B — down 2.9% from $2.76B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of CAR and 33 opened new positions — a net loss of 8 holders — while 98 trimmed existing stakes and 54 added.
The largest buyer was Tremblant Capital Group, opening a new position worth an estimated $38.3M. The largest seller was CIBC World Markets, cutting an estimated $33.6M.
- 240 institutional investors held Avis (CAR) as of Q2 2019, down from 251 in Q1 2019.
- Funds reported $2.69B of Avis stock for Q2 2019, down 2.9% quarter-over-quarter.
- 33 funds opened new Avis positions in Q2 2019 and 41 closed out, a net change of -8 holders.
- The largest Avis buyer in Q2 2019 was Tremblant Capital Group, an estimated $38.3M added.
- The largest Avis seller in Q2 2019 was CIBC World Markets, an estimated $33.6M sold.
Based on aggregated 13F filings for Q2 2019.