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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
NFA
126
Nationwide Fund Advisors
Ohio
$1.44M -$1.52M -51,006 -51%
Citigroup
127
Citigroup
New York
$1.44M +$877K +29,328 +143%
SCA
128
SAC Capital Advisors
Connecticut
$1.37M -$2M -66,958 -58%
TRSOTSOK
129
Teachers Retirement System of the State of Kentucky
Kentucky
$1.36M -$29.9K -1,000 -2%
CCM
130
Condor Capital Management
New Jersey
$1.33M -$39.5K -1,322 -3%
IRF
131
IBM Retirement Fund
New York
$1.25M -$175K -5,850 -12%
ST
132
Spot Trading
Illinois
$1.2M +$1.24M +41,489 New
CPC
133
Cookson Peirce & Co
Pennsylvania
$1.19M -$81.9K -2,740 -6%
Connor, Clark & Lunn Investment Management (CC&L)
134
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.18M -$708K -23,700 -37%
New York State Common Retirement Fund
135
New York State Common Retirement Fund
New York
$1.16M -$41.8K -1,400 -3%
Public Employees Retirement Association of Colorado
136
Public Employees Retirement Association of Colorado
Colorado
$1.13M +$106K +3,534 +10%
BIM
137
BlackRock Investment Management
Delaware
$1.08M +$21K +703 +2%
Group One Trading
138
Group One Trading
Illinois
$1.01M +$696K +23,279 +199%
MIU
139
Man Investments (UK)
United Kingdom
$985K -$349K -11,681 -25%
Ohio Public Employees Retirement System (OPERS)
140
Ohio Public Employees Retirement System (OPERS)
Ohio
$971K +$181K +6,055 +22%
RGI
141
River Global Investors
United Kingdom
$923K -$120K -4,000 -11%
VKH
142
Virtu KCG Holdings
New York
$916K +$949K +31,747 New
CRM
143
Cramer Rosenthal McGlynn
Connecticut
$856K
Nomura Holdings
144
Nomura Holdings
Japan
$759K +$389K +13,024 +98%
STC
145
SEI Trust Company
Pennsylvania
$754K +$746K +24,971 +2,100%
KBC Group
146
KBC Group
Belgium
$748K -$1.56M -52,128 -67%
CFB
147
Cullen/Frost Bankers
Texas
$736K
NSEDCP
148
NJ State Employees Deferred Compensation Plan
New Jersey
$721K
OC
149
Oppenheimer & Co
New York
$655K -$18.9K -634 -3%
Primecap Management
150
Primecap Management
California
$594K +$616K +20,600 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.