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241 hedge funds and large institutions have $3.45B invested in Avis in 2016 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 74 increasing their positions, 77 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more call options, than puts

Call options by funds: $109M | Put options by funds: $76.8M

37% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 43

7% more funds holding

Funds holding: 226241 (+15)

4% more capital invested

Capital invested by funds: $3.31B → $3.45B (+$143M)

0.94% less ownership

Funds ownership: 75.23%74.29% (-0.94%)

4% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 77

33% less funds holding in top 10

Funds holding in top 10: 96 (-3)

Holders
241
Holders Change
+15
Holders Change %
+6.64%
% of All Funds
6.43%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.16%
New
59
Increased
74
Reduced
77
Closed
43
Calls
$109M
Puts
$76.8M
Net Calls
+$32.2M
Net Calls Change
-$32.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Credit Agricole
151
Credit Agricole
France
$545K -$3.12M -86,184 -84%
AG
152
Aperio Group
California
$541K +$63.7K +1,758 +13%
BGIM
153
Brandywine Global Investment Management
Pennsylvania
$527K +$467K +12,881 +513%
URS
154
Utah Retirement Systems
Utah
$520K
Nomura Asset Management
155
Nomura Asset Management
Japan
$519K
BP
156
BBR Partners
New York
$513K
GH
157
GAM Holding
Switzerland
$513K
JG
158
Jefferies Group
New York
$510K +$540K +14,900 New
DI
159
Diligent Investors
California
$508K -$1.45K -40 -0.3%
Thrivent Financial for Lutherans
160
Thrivent Financial for Lutherans
Minnesota
$507K +$536K +14,810 New
AB
161
Amalgamated Bank
New York
$505K +$50.7K +1,400 +10%
COPPSERS
162
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$479K +$507K +13,990 New
EA
163
Emerald Acquisition
Washington
$467K -$387K -10,684 -44%
PA
164
Profund Advisors
Maryland
$443K +$469K +12,947 New
CGH
165
Crossmark Global Holdings
Texas
$429K +$408K +11,275 New
CG
166
Cutler Group
California
$403K -$281K -7,749 -40%
SAM
167
Securian Asset Management
Minnesota
$394K +$417K +11,511 New
BNP Paribas Financial Markets
168
BNP Paribas Financial Markets
France
$390K +$280K +7,737 +212%
QC
169
QCM Cayman
Texas
$368K +$389K +10,747 New
PL
170
Parkwood LLC
Ohio
$365K -$14.1K -390 -4%
New York State Teachers Retirement System (NYSTRS)
171
New York State Teachers Retirement System (NYSTRS)
New York
$346K +$366K +10,100 New
SSA
172
Schonfeld Strategic Advisors
New York
$339K +$359K +9,904 New
SCM
173
SOL Capital Management
Maryland
$326K
BF
174
BOK Financial
Oklahoma
$321K -$2.64K -73 -0.8%
HIM
175
Hillsdale Investment Management
Ontario, Canada
$317K +$335K +9,250 New

CAR Hedge Fund Activity: Q3 2016 in Review

241 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2016, worth a combined $3.45B — up 4.3% from $3.31B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new CAR positions and 43 closed out — a net gain of 16 holders — while 74 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $92.1M. The largest seller was Baupost Group, exiting entirely with an estimated $57.6M sold.

  • 241 institutional investors held Avis (CAR) as of Q3 2016, up from 226 in Q2 2016.
  • Funds reported $3.45B of Avis stock for Q3 2016, up 4.3% quarter-over-quarter.
  • 59 funds opened new Avis positions in Q3 2016 and 43 closed out, a net change of +16 holders.
  • The largest Avis buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $92.1M added.
  • The largest Avis seller in Q3 2016 was Baupost Group, an estimated $57.6M sold.

Based on aggregated 13F filings for Q3 2016.