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230 hedge funds and large institutions have $4.31B invested in Avis in 2015 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 76 increasing their positions, 81 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more call options, than puts

Call options by funds: $171M | Put options by funds: $114M

12% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 43

4.11% more ownership

Funds ownership: 82.94%87.06% (+4.1%)

1% more funds holding

Funds holding: 228230 (+2)

6% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 81

13% less capital invested

Capital invested by funds: $4.96B → $4.31B (-$649M)

31% less funds holding in top 10

Funds holding in top 10: 1611 (-5)

Holders
230
Holders Change
+2
Holders Change %
+0.88%
% of All Funds
6.03%
Holding in Top 10
11
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-31.25%
% of All Funds
0.29%
New
48
Increased
76
Reduced
81
Closed
43
Calls
$171M
Puts
$114M
Net Calls
+$57.1M
Net Calls Change
-$37.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Nomura Asset Management
151
Nomura Asset Management
Japan
$505K
CIBC Private Wealth Group
152
CIBC Private Wealth Group
Georgia
$499K +$47.6K +1,130 +9%
HighTower Advisors
153
HighTower Advisors
Illinois
$490K +$567K +13,468 New
DCM
154
Dynamic Capital Management
Jersey
$472K +$548K +13,010 New
OPERF
155
Oregon Public Employees Retirement Fund
Oregon
$455K +$42.1K +1,000 +9%
GF
156
Gerstein Fisher
New York
$448K +$24.9K +591 +5%
Stifel Financial
157
Stifel Financial
Missouri
$437K -$762K -18,104 -60%
NMIMC
158
Northwestern Mutual Investment Management Company
Wisconsin
$430K -$25.6K -608 -5%
SCM
159
Stevens Capital Management
Pennsylvania
$426K +$494K +11,728 New
AG
160
Aperio Group
California
$416K -$619K -14,701 -56%
LA
161
Lucus Advisors
New York
$401K +$16K +379 +4%
AB
162
Amalgamated Bank
New York
$399K -$57.9K -1,374 -11%
Parallax Volatility Advisers
163
Parallax Volatility Advisers
California
$397K +$460K +10,931 +546,550%
CBOA
164
Commonwealth Bank of Australia
Australia
$357K +$413K +9,800 New
AG
165
Algert Global
California
$355K +$412K +9,780 New
American Century Companies
166
American Century Companies
Missouri
$354K
Teacher Retirement System of Texas
167
Teacher Retirement System of Texas
Texas
$353K -$137K -3,246 -25%
ZIM
168
Zacks Investment Management
Illinois
$351K -$982K -23,309 -71%
SCM
169
SOL Capital Management
Maryland
$339K +$16.8K +400 +4%
Envestnet Asset Management
170
Envestnet Asset Management
Illinois
$317K +$37.5K +890 +11%
CC
171
Cipher Capital
New York
$292K +$339K +8,044 New
HCM
172
Hodges Capital Management
Texas
$290K +$337K +8,000 New
Twin Tree Management
173
Twin Tree Management
Texas
$289K +$335K +7,958 New
MLICM
174
Metropolitan Life Insurance Company (MetLife)
New York
$273K -$8.51K -202 -3%
NFA
175
Nationwide Fund Advisors
Ohio
$272K

CAR Hedge Fund Activity: Q4 2015 in Review

230 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2015, worth a combined $4.31B — down 13% from $4.96B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new CAR positions and 43 closed out — a net gain of 5 holders — while 76 added to existing stakes and 81 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $107M. The largest seller was Ivory Investment Management, cutting an estimated $70M.

  • 230 institutional investors held Avis (CAR) as of Q4 2015, up from 228 in Q3 2015.
  • Funds reported $4.31B of Avis stock for Q4 2015, down 13% quarter-over-quarter.
  • 48 funds opened new Avis positions in Q4 2015 and 43 closed out, a net change of +5 holders.
  • The largest Avis buyer in Q4 2015 was Morgan Stanley, an estimated $107M added.
  • The largest Avis seller in Q4 2015 was Ivory Investment Management, an estimated $70M sold.

Based on aggregated 13F filings for Q4 2015.