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256 hedge funds and large institutions have $6.6B invested in Avis in 2015 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more call options, than puts

Call options by funds: $427M | Put options by funds: $197M

14% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 78

1.7% less ownership

Funds ownership: 83.59%81.89% (-1.7%)

3% less funds holding

Funds holding: 263256 (-7)

13% less capital invested

Capital invested by funds: $7.57B → $6.6B (-$969M)

14% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 51

16% less funds holding in top 10

Funds holding in top 10: 1916 (-3)

Holders
256
Holders Change
-7
Holders Change %
-2.66%
% of All Funds
6.82%
Holding in Top 10
16
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-15.79%
% of All Funds
0.43%
New
44
Increased
89
Reduced
78
Closed
51
Calls
$427M
Puts
$197M
Net Calls
+$230M
Net Calls Change
-$69.4M
Name Holding Trade Value Shares
Change
Change in
Stake
CWA
151
Constellation Wealth Advisors
New York
$1.45M +$506K +8,300 +51%
HHC
152
Hutchin Hill Capital
New York
$1.43M +$1.48M +24,300 New
Canada Life
153
Canada Life
Manitoba, Canada
$1.36M -$22.9K -375 -2%
VIA
154
Vident Investment Advisory
Georgia
$1.35M +$1.4M +22,884 New
Wellington Management Group
155
Wellington Management Group
Massachusetts
$1.29M +$311K +5,091 +30%
HSBC Holdings
156
HSBC Holdings
United Kingdom
$1.29M +$828K +13,573 +163%
OSAM
157
O'Shaughnessy Asset Management
Connecticut
$1.29M -$574K -9,413 -30%
PAM
158
Panagora Asset Management
Massachusetts
$1.26M +$215K +3,520 +20%
Group One Trading
159
Group One Trading
Illinois
$1.26M -$1.4M -22,877 -52%
Royal Bank of Canada
160
Royal Bank of Canada
Ontario, Canada
$1.25M -$2.78M -45,506 -68%
GF
161
Gerstein Fisher
New York
$1.22M
HT
162
HAP Trading
New York
$1.21M +$1.25M +20,450 New
FCBT
163
First Citizens Bank & Trust
North Carolina
$1.11M +$1.15M +18,875 New
URS
164
Utah Retirement Systems
Utah
$1.11M +$36.6K +600 +3%
JIM
165
Jupiter Investment Management
United Kingdom
$1.11M -$14M -229,881 -92%
Susquehanna International Group
166
Susquehanna International Group
Pennsylvania
$1.04M +$578K +9,473 +117%
PAMU
167
Pictet Asset Management (UK)
United Kingdom
$1.03M +$476K +7,794 +69%
TBAM
168
True Bearing Asset Management
California
$1.02M -$224K -3,676 -18%
BNP Paribas Asset Management
169
BNP Paribas Asset Management
France
$1.02M -$186K -3,053 -15%
AP
170
AHL Partners
United Kingdom
$967K +$301K +4,926 +43%
DI
171
Diligent Investors
California
$912K
BA
172
BlackRock Advisors
Delaware
$905K
BP
173
BBR Partners
New York
$885K
ST
174
Spot Trading
Illinois
$871K +$901K +14,767 New
CC
175
Cipher Capital
New York
$838K +$866K +14,191 New

CAR Hedge Fund Activity: Q1 2015 in Review

256 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2015, worth a combined $6.6B — down 13% from $7.57B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of CAR and 44 opened new positions — a net loss of 7 holders — while 78 trimmed existing stakes and 89 added.

The largest buyer was Capital World Investors, opening a new position worth an estimated $122M. The largest seller was SAB Capital Management, exiting entirely with an estimated $148M sold.

  • 256 institutional investors held Avis (CAR) as of Q1 2015, down from 263 in Q4 2014.
  • Funds reported $6.6B of Avis stock for Q1 2015, down 13% quarter-over-quarter.
  • 44 funds opened new Avis positions in Q1 2015 and 51 closed out, a net change of -7 holders.
  • The largest Avis buyer in Q1 2015 was Capital World Investors, an estimated $122M added.
  • The largest Avis seller in Q1 2015 was SAB Capital Management, an estimated $148M sold.

Based on aggregated 13F filings for Q1 2015.