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226 hedge funds and large institutions have $3.31B invested in Avis in 2016 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 63 increasing their positions, 85 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $136M | Put options by funds: $71.7M

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

21% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 38

17% more capital invested

Capital invested by funds: $2.84B → $3.31B (+$473M)

3% more funds holding

Funds holding: 220226 (+6)

1.17% less ownership

Funds ownership: 76.4%75.23% (-1.2%)

26% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 85

Holders
226
Holders Change
+6
Holders Change %
+2.73%
% of All Funds
6.03%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.24%
New
46
Increased
63
Reduced
85
Closed
38
Calls
$136M
Puts
$71.7M
Net Calls
+$64.5M
Net Calls Change
+$21.2M
Name Holding Trade Value Shares
Change
Change in
Stake
GH
151
GAM Holding
Switzerland
$483K
Federated Hermes
152
Federated Hermes
Pennsylvania
$481K -$5.53M -200,019 -93%
DI
153
Diligent Investors
California
$480K -$26K -940 -6%
JHIU
154
Janus Henderson Investors US
Colorado
$479K
AG
155
Aperio Group
California
$453K -$116K -4,211 -23%
Royal Bank of Canada
156
Royal Bank of Canada
Ontario, Canada
$453K +$177K +6,403 +83%
Simplex Trading
157
Simplex Trading
Illinois
$438K +$135K +4,879 +56%
Connor, Clark & Lunn Investment Management (CC&L)
158
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$415K -$183K -6,625 -34%
RCM
159
Riverhead Capital Management
Delaware
$408K -$577K -20,865 -62%
Teacher Retirement System of Texas
160
Teacher Retirement System of Texas
Texas
$383K -$9.45K -342 -3%
PL
161
Parkwood LLC
Ohio
$356K -$64.2K -2,325 -17%
CSS
162
Cubist Systematic Strategies
Connecticut
$353K -$352K -12,723 -54%
SFM
163
Soros Fund Management
New York
$348K +$298K +10,800 New
VAM
164
Visium Asset Management
New York
$346K +$297K +10,749 New
AQR Capital Management
165
AQR Capital Management
Connecticut
$339K +$291K +10,517 New
Verition Fund Management
166
Verition Fund Management
Connecticut
$338K +$290K +10,480 New
ST
167
Spot Trading
Illinois
$315K -$120K -4,332 -31%
SCM
168
SOL Capital Management
Maryland
$307K
BF
169
BOK Financial
Oklahoma
$305K +$261K +9,444 New
Prudential Financial
170
Prudential Financial
New Jersey
$292K -$185K -6,712 -43%
GI
171
GAMCO Investors
Connecticut
$282K +$242K +8,745 New
FHAM
172
Folger Hill Asset Management
New York
$280K +$240K +8,701 New
IRF
173
IBM Retirement Fund
New York
$272K -$44.9K -1,625 -16%
PAS
174
Partnervest Advisory Services
California
$262K +$4.81K +174 +2%
Pacer Advisors
175
Pacer Advisors
Pennsylvania
$256K +$220K +7,950 New

CAR Hedge Fund Activity: Q2 2016 in Review

226 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2016, worth a combined $3.31B — up 17% from $2.84B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new CAR positions and 38 closed out — a net gain of 8 holders — while 63 added to existing stakes and 85 trimmed.

The largest buyer was Bank of New York Mellon, adding an estimated $99.7M. The largest seller was Iridian Asset Management, exiting entirely with an estimated $129M sold.

  • 226 institutional investors held Avis (CAR) as of Q2 2016, up from 220 in Q1 2016.
  • Funds reported $3.31B of Avis stock for Q2 2016, up 17% quarter-over-quarter.
  • 46 funds opened new Avis positions in Q2 2016 and 38 closed out, a net change of +8 holders.
  • The largest Avis buyer in Q2 2016 was Bank of New York Mellon, an estimated $99.7M added.
  • The largest Avis seller in Q2 2016 was Iridian Asset Management, an estimated $129M sold.

Based on aggregated 13F filings for Q2 2016.