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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
DCM
126
Dynamic Capital Management
Jersey
$960K +$1.02M +28,060 New
Squarepoint
127
Squarepoint
New York
$943K +$999K +27,570 New
AL
128
AJO LP
Pennsylvania
$942K -$48.9K -1,349 -5%
RCM
129
Riverhead Capital Management
Delaware
$931K +$527K +14,550 +115%
ZIM
130
Zacks Investment Management
Illinois
$921K -$34.6K -954 -3%
Group One Trading
131
Group One Trading
Illinois
$889K -$360K -9,936 -28%
KCM
132
KSA Capital Management
New Jersey
$855K -$2.17M -60,000 -71%
NSEDCP
133
NJ State Employees Deferred Compensation Plan
New Jersey
$855K
LSERS
134
Louisiana State Employees Retirement System
Louisiana
$838K +$887K +24,500 New
TRSOTSOK
135
Teachers Retirement System of the State of Kentucky
Kentucky
$814K +$862K +23,800 New
TG
136
TLP Group
Illinois
$795K -$82K -2,265 -9%
ST
137
Spot Trading
Illinois
$778K +$469K +12,960 +132%
ARTA
138
A.R.T. Advisors
New York
$745K +$790K +21,800 New
CSS
139
Cubist Systematic Strategies
Connecticut
$741K +$388K +10,704 +98%
BCCM
140
Blue Clay Capital Management
Minnesota
$721K -$109K -3,000 -12%
GIA
141
Gargoyle Investment Advisor
New Jersey
$715K
TG
142
TCW Group
California
$715K
PP
143
Paloma Partners
Connecticut
$712K -$3.56M -98,165 -83%
GF
144
Gabelli Funds
New York
$684K -$72.4K -2,000 -9%
HCM
145
Highbridge Capital Management
New York
$666K +$705K +19,464 New
LG
146
Leuthold Group
Minnesota
$658K -$76.9K -2,123 -10%
Public Employees Retirement Association of Colorado
147
Public Employees Retirement Association of Colorado
Colorado
$658K -$39.6K -1,092 -5%
AAM
148
Aberdeen Asset Management
United Kingdom
$638K -$30.4K -840 -4%
CHAM
149
Clear Harbor Asset Management
Connecticut
$614K -$58K -1,600 -8%
NMIMC
150
Northwestern Mutual Investment Management Company
Wisconsin
$557K +$590K +16,288 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.