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256 hedge funds and large institutions have $6.6B invested in Avis in 2015 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more call options, than puts

Call options by funds: $427M | Put options by funds: $197M

14% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 78

1.7% less ownership

Funds ownership: 83.59%81.89% (-1.7%)

3% less funds holding

Funds holding: 263256 (-7)

13% less capital invested

Capital invested by funds: $7.57B → $6.6B (-$969M)

14% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 51

16% less funds holding in top 10

Funds holding in top 10: 1916 (-3)

Holders
256
Holders Change
-7
Holders Change %
-2.66%
% of All Funds
6.82%
Holding in Top 10
16
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-15.79%
% of All Funds
0.43%
New
44
Increased
89
Reduced
78
Closed
51
Calls
$427M
Puts
$197M
Net Calls
+$230M
Net Calls Change
-$69.4M
Name Holding Trade Value Shares
Change
Change in
Stake
SEI Investments
126
SEI Investments
Pennsylvania
$2.6M +$1.97M +32,240 +272%
EA
127
Emerald Advisers
Pennsylvania
$2.58M -$56.9K -932 -2%
Citigroup
128
Citigroup
New York
$2.54M -$3.54M -58,056 -57%
Los Angeles Capital Management
129
Los Angeles Capital Management
California
$2.39M +$201K +3,289 +9%
SCM
130
Stevens Capital Management
Pennsylvania
$2.36M +$2.44M +39,953 New
WCBA
131
Weaver C. Barksdale & Associates
Tennessee
$2.31M
Ohio Public Employees Retirement System (OPERS)
132
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.25M +$15.7K +257 +0.7%
GC
133
Guggenheim Capital
Illinois
$2.12M -$685K -11,222 -24%
Prudential Financial
134
Prudential Financial
New Jersey
$2.06M +$1.68M +27,600 +378%
BIM
135
BlackRock Investment Management
Delaware
$2M -$97.9K -1,605 -5%
SKK
136
Shepherd Kaplan Krochuk
Massachusetts
$1.87M -$324K -5,310 -14%
UBS Group
137
UBS Group
Switzerland
$1.84M -$681K -11,157 -26%
ZIM
138
Zacks Investment Management
Illinois
$1.8M +$254K +4,160 +16%
Lazard Asset Management
139
Lazard Asset Management
New York
$1.77M -$19.9K -326 -1%
MCC
140
Malaga Cove Capital
California
$1.76M +$1.84M +30,076 New
Bank of Montreal
141
Bank of Montreal
Ontario, Canada
$1.71M +$20.6K +338 +1%
Public Employees Retirement Association of Colorado
142
Public Employees Retirement Association of Colorado
Colorado
$1.65M -$94.5K -1,548 -5%
Franklin Resources
143
Franklin Resources
California
$1.64M +$171K +2,803 +11%
ECP
144
Elk Creek Partners
Colorado
$1.61M +$15.3K +251 +0.9%
BCCM
145
Blue Clay Capital Management
Minnesota
$1.57M
CCM
146
Condor Capital Management
New Jersey
$1.52M -$6.65K -109 -0.4%
CGI
147
Caerus Global Investors
New York
$1.5M -$1.2M -19,616 -44%
NSEDCP
148
NJ State Employees Deferred Compensation Plan
New Jersey
$1.48M
Principal Financial Group
149
Principal Financial Group
Iowa
$1.47M +$929K +15,224 +157%
IRF
150
IBM Retirement Fund
New York
$1.46M -$183 -3 -0%

CAR Hedge Fund Activity: Q1 2015 in Review

256 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2015, worth a combined $6.6B — down 13% from $7.57B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of CAR and 44 opened new positions — a net loss of 7 holders — while 78 trimmed existing stakes and 89 added.

The largest buyer was Capital World Investors, opening a new position worth an estimated $122M. The largest seller was SAB Capital Management, exiting entirely with an estimated $148M sold.

  • 256 institutional investors held Avis (CAR) as of Q1 2015, down from 263 in Q4 2014.
  • Funds reported $6.6B of Avis stock for Q1 2015, down 13% quarter-over-quarter.
  • 44 funds opened new Avis positions in Q1 2015 and 51 closed out, a net change of -7 holders.
  • The largest Avis buyer in Q1 2015 was Capital World Investors, an estimated $122M added.
  • The largest Avis seller in Q1 2015 was SAB Capital Management, an estimated $148M sold.

Based on aggregated 13F filings for Q1 2015.