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Avis
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263 hedge funds and large institutions have $5.34B invested in Avis in 2021 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 69 increasing their positions, 100 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 36

9% more capital invested

Capital invested by funds: $4.88B → $5.34B (+$458M)

8% more funds holding

Funds holding: 243 → 263 (+20)

1.81% more ownership

Funds ownership: 96.56% → 98.37% (+1.8%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

25% less call options, than puts

Call options by funds: $196M | Put options by funds: $263M

31% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 100

Holders
263
Holders Change
+20
Holders Change %
+8.23%
% of All Funds
4.58%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
58
Increased
69
Reduced
100
Closed
36
Calls
$196M
Puts
$263M
Net Calls
-$66.8M
Net Calls Change
-$32.2M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$311M
2
Nomura Holdings
Nomura Holdings
Japan
+$51.7M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$32.6M
4
Bank of America
Bank of America
North Carolina
+$24.6M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$18.6M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$71.4M
2
NCM
Nantahala Capital Management
Connecticut
-$43.1M
3
GCM
Glenview Capital Management
New York
-$36.4M
4
CGM
Capital Growth Management
Massachusetts
-$31.9M
5
State Street
State Street
Massachusetts
-$28.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
SOMRS
126
State of Michigan Retirement System
Michigan
$1.01M -$506K -6,100 -32%
WC
127
Wexford Capital
Florida
$993K +$1.06M +12,750 New
WAM
128
Wolverine Asset Management
Illinois
$941K -$661K -7,975 -40%
KBC Group
129
KBC Group
Belgium
$908K -$45.4K -548 -4%
CG
130
Cutler Group
California
$906K +$108K +1,300 +13%
SFI
131
Susquehanna Fundamental Investments
Pennsylvania
$885K +$687K +8,290 +270%
OQS
132
Occudo Quantitative Strategies
Florida
$854K +$908K +10,958 New
VRS
133
Virginia Retirement Systems
Virginia
$841K -$8.29K -100 -0.9%
NMERB
134
New Mexico Educational Retirement Board
New Mexico
$833K +$141K +1,700 +19%
Commonwealth Equity Services
135
Commonwealth Equity Services
Massachusetts
$802K -$89.5K -1,080 -9%
JAMH
136
Junson Asset Management (HK)
Hong Kong
$779K +$829K +10,000 New
RJA
137
Raymond James & Associates
Florida
$743K -$11.4K -137 -1%
Public Employees Retirement Association of Colorado
138
Public Employees Retirement Association of Colorado
Colorado
$715K – – –
Pacer Advisors
139
Pacer Advisors
Pennsylvania
$715K +$304K +3,670 +67%
Russell Investments Group
140
Russell Investments Group
United Kingdom
$711K +$81.4K +982 +12%
MSFS
141
Main Street Financial Solutions
Pennsylvania
$701K – – –
NMIMC
142
Northwestern Mutual Investment Management Company
Wisconsin
$671K -$995 -12 -0.1%
TRSOTSOK
143
Teachers Retirement System of the State of Kentucky
Kentucky
$651K -$99.5K -1,200 -13%
PC
144
Plaisance Capital
Colorado
$639K +$680K +8,200 New
X
145
Xponance
Pennsylvania
$634K +$204K +2,460 +43%
SOADOR
146
State of Alaska Department of Revenue
Alaska
$625K -$5.06K -61 -0.8%
Mirae Asset Global Investments
147
Mirae Asset Global Investments
South Korea
$617K -$763K -9,208 -54%
BC
148
Bridgefront Capital
Texas
$581K +$618K +7,454 New
Prudential Financial
149
Prudential Financial
New Jersey
$568K -$237K -2,857 -28%
DTL
150
Dynamic Technology Lab
Singapore
$561K +$597K +7,200 New
4 5
6
7 8

CAR Hedge Fund Activity: Q2 2021 in Review

263 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2021, worth a combined $5.34B — up 9.4% from $4.88B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new CAR positions and 36 closed out — a net gain of 22 holders — while 69 added to existing stakes and 100 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $311M. The largest seller was Morgan Stanley, cutting an estimated $71.4M.

  • 263 institutional investors held Avis (CAR) as of Q2 2021, up from 243 in Q1 2021.
  • Funds reported $5.34B of Avis stock for Q2 2021, up 9.4% quarter-over-quarter.
  • 58 funds opened new Avis positions in Q2 2021 and 36 closed out, a net change of +22 holders.
  • The largest Avis buyer in Q2 2021 was Fidelity Investments, an estimated $311M added.
  • The largest Avis seller in Q2 2021 was Morgan Stanley, an estimated $71.4M sold.

Based on aggregated 13F filings for Q2 2021.