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224 hedge funds and large institutions have $3.22B invested in Avis in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 94 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $95.8M | Put options by funds: $62.4M

0% more capital invested

Capital invested by funds: $3.2B → $3.22B (+$15.6M)

1.05% less ownership

Funds ownership: 82.81%81.76% (-1.1%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

16% less funds holding

Funds holding: 267224 (-43)

20% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 94

57% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 70

Holders
224
Holders Change
-43
Holders Change %
-16.1%
% of All Funds
7.26%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.32%
New
30
Increased
75
Reduced
94
Closed
70
Calls
$95.8M
Puts
$62.4M
Net Calls
+$33.4M
Net Calls Change
+$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
TH
151
Timber Hill
Connecticut
$573K +$309K +10,353 +109%
URS
152
Utah Retirement Systems
Utah
$551K -$2.99K -100 -0.5%
U
153
UBS
Switzerland
$519K -$3.66M -122,564 -87%
LBG
154
Lloyds Banking Group
United Kingdom
$513K +$154K +5,150 +41%
MAA
155
Managed Account Advisors
New Jersey
$463K -$1.93M -64,423 -80%
GF
156
Gerstein Fisher
New York
$460K +$254K +8,506 +114%
OPERF
157
Oregon Public Employees Retirement Fund
Oregon
$455K -$62.8K -2,100 -12%
LPL Financial
158
LPL Financial
California
$454K -$84.1K -2,814 -15%
BP
159
BBR Partners
New York
$432K
BA
160
BlackRock Advisors
Delaware
$428K -$2K -67 -0.4%
ZCM
161
Ziegler Capital Management
Illinois
$418K
Teacher Retirement System of Texas
162
Teacher Retirement System of Texas
Texas
$403K +$200K +6,689 +92%
RCM
163
Reynolds Capital Management
Nevada
$401K
BlackRock
164
BlackRock
New York
$397K +$27.2K +911 +7%
Grantham, Mayo, Van Otterloo & Co (GMO)
165
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$392K +$18.4K +616 +5%
SC
166
Scotia Capital
Ontario, Canada
$390K +$120K +4,000 +42%
KeyBank National Association
167
KeyBank National Association
Ohio
$382K -$103K -3,438 -21%
CAM
168
Capstone Asset Management
Texas
$372K +$28.7K +960 +8%
BCM
169
Bridgeway Capital Management
Texas
$352K -$5.7M -190,550 -94%
NA
170
Navellier & Associates
Nevada
$350K -$389 -13 -0.1%
PAM
171
Panagora Asset Management
Massachusetts
$337K +$198K +6,628 +131%
Capital Fund Management (CFM)
172
Capital Fund Management (CFM)
France
$337K +$350K +11,699 New
SCM
173
SOL Capital Management
Maryland
$336K
Bank of Montreal
174
Bank of Montreal
Ontario, Canada
$323K -$3.22M -107,711 -91%
B
175
Barings
North Carolina
$314K -$2.99K -100 -0.9%

CAR Hedge Fund Activity: Q3 2013 in Review

224 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2013, worth a combined $3.22B — up 0.49% from $3.2B a quarter earlier.

Sellers outnumbered buyers: 70 funds closed out of CAR and 30 opened new positions — a net loss of 40 holders — while 94 trimmed existing stakes and 75 added.

The largest buyer was Iridian Asset Management, adding an estimated $84.1M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $55.3M sold.

  • 224 institutional investors held Avis (CAR) as of Q3 2013, down from 267 in Q2 2013.
  • Funds reported $3.22B of Avis stock for Q3 2013, up 0.49% quarter-over-quarter.
  • 30 funds opened new Avis positions in Q3 2013 and 70 closed out, a net change of -40 holders.
  • The largest Avis buyer in Q3 2013 was Iridian Asset Management, an estimated $84.1M added.
  • The largest Avis seller in Q3 2013 was Columbus Circle Investors, an estimated $55.3M sold.

Based on aggregated 13F filings for Q3 2013.