Avis
219 hedge funds and large institutions have $4.37B invested in Avis in 2017 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 50 increasing their positions, 95 reducing their positions, and 47 closing their positions.
83% more funds holding in top 10
Funds holding in top 10: 6 → 11 (+5)
35% more capital invested
Capital invested by funds: $3.24B → $4.37B (+$1.13B)
2.06% less ownership
Funds ownership: 140.97% → 138.9% (-2.1%)
7% less funds holding
Funds holding: 235 → 219 (-16)
30% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 47
47% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 95
68% less call options, than puts
Call options by funds: $80.7M | Put options by funds: $252M
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$190M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$85.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$61.6M |
| 4 |
Pzena Investment Management
New York
|
+$33.3M |
| 5 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
+$30.7M |
Top Sellers
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$99.6M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$66.6M |
| 3 |
IIM
Ivory Investment Management
New York
|
-$58.2M |
| 4 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$53M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$24.4M |
CAR Hedge Fund Activity: Q3 2017 in Review
219 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2017, worth a combined $4.37B — up 35% from $3.24B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CAR and 33 opened new positions — a net loss of 14 holders — while 95 trimmed existing stakes and 50 added.
The largest buyer was Fidelity Investments, adding an estimated $190M. The largest seller was Baupost Group, cutting an estimated $99.6M.
- 219 institutional investors held Avis (CAR) as of Q3 2017, down from 235 in Q2 2017.
- Funds reported $4.37B of Avis stock for Q3 2017, up 35% quarter-over-quarter.
- 33 funds opened new Avis positions in Q3 2017 and 47 closed out, a net change of -14 holders.
- The largest Avis buyer in Q3 2017 was Fidelity Investments, an estimated $190M added.
- The largest Avis seller in Q3 2017 was Baupost Group, an estimated $99.6M sold.
Based on aggregated 13F filings for Q3 2017.