Avis
299 hedge funds and large institutions have $6.07B invested in Avis in 2023 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 73 increasing their positions, 135 reducing their positions, and 47 closing their positions.
11% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 47
1% more funds holding
Funds holding: 296 → 299 (+3)
0.41% more ownership
Funds ownership: 94.19% → 94.6% (+0.41%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
4% less call options, than puts
Call options by funds: $355M | Put options by funds: $371M
7% less capital invested
Capital invested by funds: $6.55B → $6.07B (-$482M)
46% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$28.6M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$21.4M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$19.3M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$16M |
| 5 |
Morgan Stanley
New York
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$127M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$62.9M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$55.8M |
| 4 |
SIM
SRS Investment Management
New York
|
-$54.7M |
| 5 |
Barclays
London,
United Kingdom
|
-$26M |
CAR Hedge Fund Activity: Q4 2023 in Review
299 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2023, worth a combined $6.07B — down 7.4% from $6.55B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new CAR positions and 47 closed out — a net gain of 5 holders — while 73 added to existing stakes and 135 trimmed.
The largest buyer was Norges Bank, adding an estimated $28.6M. The largest seller was Fidelity Investments, cutting an estimated $127M.
- 299 institutional investors held Avis (CAR) as of Q4 2023, up from 296 in Q3 2023.
- Funds reported $6.07B of Avis stock for Q4 2023, down 7.4% quarter-over-quarter.
- 52 funds opened new Avis positions in Q4 2023 and 47 closed out, a net change of +5 holders.
- The largest Avis buyer in Q4 2023 was Norges Bank, an estimated $28.6M added.
- The largest Avis seller in Q4 2023 was Fidelity Investments, an estimated $127M sold.
Based on aggregated 13F filings for Q4 2023.