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242 hedge funds and large institutions have $2.7B invested in Avis in 2018 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 72 increasing their positions, 96 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.77% more ownership

Funds ownership: 105.06%105.83% (+0.77%)

3% less capital invested

Capital invested by funds: $2.77B → $2.7B (-$78.6M)

7% less funds holding

Funds holding: 261242 (-19)

25% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 96

32% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 47

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

50% less call options, than puts

Call options by funds: $68.3M | Put options by funds: $138M

Holders
242
Holders Change
-19
Holders Change %
-7.28%
% of All Funds
5.53%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
32
Increased
72
Reduced
96
Closed
47
Calls
$68.3M
Puts
$138M
Net Calls
-$69.3M
Net Calls Change
+$26.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Two Sigma Advisers
126
Two Sigma Advisers
New York
$897K -$28.1M -843,674 -97%
CA
127
Commerzbank Aktiengesellschaft
Germany
$886K +$299K +8,962 +48%
AIP
128
Ameritas Investment Partners
Nebraska
$816K -$59.6K -1,787 -7%
Pacer Advisors
129
Pacer Advisors
Pennsylvania
$799K +$92.9K +2,786 +13%
SOMRS
130
State of Michigan Retirement System
Michigan
$791K -$56.7K -1,700 -6%
QIM
131
Quantitative Investment Management
Virginia
$777K +$170K +5,100 +27%
USAA
132
United Services Automobile Association
Texas
$770K -$281K -8,423 -26%
AA
133
ALPS Advisors
Colorado
$746K +$334K +10,005 +76%
GC
134
Guggenheim Capital
Illinois
$741K -$314K -9,421 -29%
NIT
135
NumerixS Investment Technologies
British Columbia, Canada
$719K +$397K +11,900 +116%
AIMCA
136
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$714K
Walleye Capital
137
Walleye Capital
New York
$703K +$730K +21,875 New
SEI Investments
138
SEI Investments
Pennsylvania
$673K +$462K +13,859 +196%
CG
139
Cutler Group
California
$673K +$596K +17,860 +576%
BCM
140
BlueCrest Capital Management
Jersey
$627K +$650K +19,493 New
Holocene Advisors
141
Holocene Advisors
New York
$621K +$644K +19,317 New
DCM
142
Dupont Capital Management
Delaware
$594K -$6.91K -207 -1%
Jacobs Levy Equity Management
143
Jacobs Levy Equity Management
New Jersey
$589K -$638K -19,120 -51%
LSERS
144
Louisiana State Employees Retirement System
Louisiana
$585K -$36.7K -1,100 -6%
TCA
145
Teewinot Capital Advisers
New York
$573K
NMERB
146
New Mexico Educational Retirement Board
New Mexico
$540K
TCM
147
Teza Capital Management
Illinois
$516K -$458K -13,740 -46%
Thrivent Financial for Lutherans
148
Thrivent Financial for Lutherans
Minnesota
$511K -$13.2K -397 -2%
Ohio Public Employees Retirement System (OPERS)
149
Ohio Public Employees Retirement System (OPERS)
Ohio
$508K
TRSOTSOK
150
Teachers Retirement System of the State of Kentucky
Kentucky
$494K

CAR Hedge Fund Activity: Q3 2018 in Review

242 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2018, worth a combined $2.7B — down 2.8% from $2.77B a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of CAR and 32 opened new positions — a net loss of 15 holders — while 96 trimmed existing stakes and 72 added.

The largest buyer was CIBC World Markets, opening a new position worth an estimated $75.1M. The largest seller was Jefferies Group, cutting an estimated $36.5M.

  • 242 institutional investors held Avis (CAR) as of Q3 2018, down from 261 in Q2 2018.
  • Funds reported $2.7B of Avis stock for Q3 2018, down 2.8% quarter-over-quarter.
  • 32 funds opened new Avis positions in Q3 2018 and 47 closed out, a net change of -15 holders.
  • The largest Avis buyer in Q3 2018 was CIBC World Markets, an estimated $75.1M added.
  • The largest Avis seller in Q3 2018 was Jefferies Group, an estimated $36.5M sold.

Based on aggregated 13F filings for Q3 2018.