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261 hedge funds and large institutions have $2.77B invested in Avis in 2018 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 89 increasing their positions, 85 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 42

3% more funds holding

Funds holding: 254261 (+7)

5% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 85

20.7% less ownership

Funds ownership: 125.76%105.06% (-21%)

40% less capital invested

Capital invested by funds: $4.59B → $2.77B (-$1.81B)

49% less call options, than puts

Call options by funds: $99.6M | Put options by funds: $195M

63% less funds holding in top 10

Funds holding in top 10: 83 (-5)

Holders
261
Holders Change
+7
Holders Change %
+2.76%
% of All Funds
5.97%
Holding in Top 10
3
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-62.5%
% of All Funds
0.07%
New
53
Increased
89
Reduced
85
Closed
42
Calls
$99.6M
Puts
$195M
Net Calls
-$95.4M
Net Calls Change
-$133M
Name Holding Trade Value Shares
Change
Change in
Stake
COPPSERS
151
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$627K +$4.09K +94 +0.5%
LSERS
152
Louisiana State Employees Retirement System
Louisiana
$627K +$26.1K +600 +3%
QIM
153
Quantitative Investment Management
Virginia
$620K -$1.69M -38,800 -67%
DCM
154
Dupont Capital Management
Delaware
$607K -$732K -16,801 -47%
CA
155
Commerzbank Aktiengesellschaft
Germany
$604K +$574K +13,186 +244%
TCA
156
Teewinot Capital Advisers
New York
$580K -$10.2M -234,315 -93%
First Trust Advisors
157
First Trust Advisors
Illinois
$577K +$57.1K +1,310 +8%
GCA
158
Gideon Capital Advisors
New York
$561K +$752K +17,262 New
NMERB
159
New Mexico Educational Retirement Board
New Mexico
$546K -$126K -2,900 -15%
MERSOM
160
Municipal Employees' Retirement System of Michigan
Michigan
$545K -$228K -5,240 -24%
BNP Paribas Financial Markets
161
BNP Paribas Financial Markets
France
$537K -$16.6M -382,268 -96%
Thrivent Financial for Lutherans
162
Thrivent Financial for Lutherans
Minnesota
$530K +$5.31K +122 +0.8%
Ohio Public Employees Retirement System (OPERS)
163
Ohio Public Employees Retirement System (OPERS)
Ohio
$514K +$257K +5,911 +60%
ProShare Advisors
164
ProShare Advisors
Maryland
$511K -$3.66K -84 -0.5%
TRSOTSOK
165
Teachers Retirement System of the State of Kentucky
Kentucky
$499K
3C
166
361 Capital
Colorado
$489K +$656K +15,056 New
BP
167
BBR Partners
New York
$488K
LMGAM
168
Liberty Mutual Group Asset Management
Massachusetts
$463K +$5.58K +128 +0.9%
NMIMC
169
Northwestern Mutual Investment Management Company
Wisconsin
$457K -$22.7K -522 -4%
Teacher Retirement System of Texas
170
Teacher Retirement System of Texas
Texas
$454K -$97.6K -2,242 -14%
FIM
171
Freedom Investment Management
Connecticut
$443K +$164K +3,765 +38%
AA
172
ALPS Advisors
Colorado
$429K +$575K +13,194 New
GHCM
173
Glen Harbor Capital Management
California
$390K +$14.8K +340 +3%
DI
174
Diligent Investors
California
$388K -$8.71K -200 -2%
Tudor Investment Corp
175
Tudor Investment Corp
Connecticut
$385K -$926K -21,250 -64%

CAR Hedge Fund Activity: Q2 2018 in Review

261 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2018, worth a combined $2.77B — down 40% from $4.59B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new CAR positions and 42 closed out — a net gain of 11 holders — while 89 added to existing stakes and 85 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $56.4M. The largest seller was Jefferies Group, cutting an estimated $287M.

  • 261 institutional investors held Avis (CAR) as of Q2 2018, up from 254 in Q1 2018.
  • Funds reported $2.77B of Avis stock for Q2 2018, down 40% quarter-over-quarter.
  • 53 funds opened new Avis positions in Q2 2018 and 42 closed out, a net change of +11 holders.
  • The largest Avis buyer in Q2 2018 was Bank of Montreal, an estimated $56.4M added.
  • The largest Avis seller in Q2 2018 was Jefferies Group, an estimated $287M sold.

Based on aggregated 13F filings for Q2 2018.