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242 hedge funds and large institutions have $2.7B invested in Avis in 2018 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 72 increasing their positions, 96 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.77% more ownership

Funds ownership: 105.06%105.83% (+0.77%)

3% less capital invested

Capital invested by funds: $2.77B → $2.7B (-$78.6M)

7% less funds holding

Funds holding: 261242 (-19)

25% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 96

32% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 47

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

50% less call options, than puts

Call options by funds: $68.3M | Put options by funds: $138M

Holders
242
Holders Change
-19
Holders Change %
-7.28%
% of All Funds
5.53%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
32
Increased
72
Reduced
96
Closed
47
Calls
$68.3M
Puts
$138M
Net Calls
-$69.3M
Net Calls Change
+$26.1M
Name Holding Trade Value Shares
Change
Change in
Stake
BP
151
BBR Partners
New York
$482K
LMGAM
152
Liberty Mutual Group Asset Management
Massachusetts
$458K
ProShare Advisors
153
ProShare Advisors
Maryland
$457K -$50.4K -1,510 -10%
FHB
154
First Hawaiian Bank
Hawaii
$454K +$472K +14,134 New
GHCM
155
Glen Harbor Capital Management
California
$445K +$61.3K +1,836 +15%
New York State Teachers Retirement System (NYSTRS)
156
New York State Teachers Retirement System (NYSTRS)
New York
$439K -$688K -20,631 -60%
COPPSERS
157
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$434K -$193K -5,786 -30%
CSS
158
Cubist Systematic Strategies
Connecticut
$432K -$1.34M -40,046 -75%
FIM
159
Freedom Investment Management
Connecticut
$430K +$13.6K +409 +3%
Russell Investments Group
160
Russell Investments Group
United Kingdom
$416K -$2.4M -72,065 -85%
LCM
161
Landscape Capital Management
New Jersey
$404K +$420K +12,578 New
NMIMC
162
Northwestern Mutual Investment Management Company
Wisconsin
$403K -$50.6K -1,516 -11%
Public Employees Retirement Association of Colorado
163
Public Employees Retirement Association of Colorado
Colorado
$378K
HA
164
Harbor Advisors
Florida
$372K
DI
165
Diligent Investors
California
$367K -$17.2K -516 -4%
MCIM
166
Meadow Creek Investment Management
Georgia
$366K +$50.4K +1,512 +15%
SO
167
STRS Ohio
Ohio
$363K -$827K -24,800 -69%
XK
168
Xact Kapitalforvaltning
Sweden
$363K +$40K +1,200 +12%
MIFH
169
Migdal Insurance & Financial Holdings
Israel
$361K +$21.2K +635 +6%
RJFSA
170
Raymond James Financial Services Advisors
Florida
$349K +$58.8K +1,763 +19%
FQ
171
First Quadrant
California
$346K +$359K +10,761 New
Citigroup
172
Citigroup
New York
$340K -$36.4M -1,092,066 -99%
D.E. Shaw & Co
173
D.E. Shaw & Co
New York
$333K +$346K +10,367 New
IG
174
ING Group
Netherlands
$327K -$26.2K -784 -7%
PA
175
Profund Advisors
Maryland
$322K -$1.03K -31 -0.3%

CAR Hedge Fund Activity: Q3 2018 in Review

242 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2018, worth a combined $2.7B — down 2.8% from $2.77B a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of CAR and 32 opened new positions — a net loss of 15 holders — while 96 trimmed existing stakes and 72 added.

The largest buyer was CIBC World Markets, opening a new position worth an estimated $75.1M. The largest seller was Jefferies Group, cutting an estimated $36.5M.

  • 242 institutional investors held Avis (CAR) as of Q3 2018, down from 261 in Q2 2018.
  • Funds reported $2.7B of Avis stock for Q3 2018, down 2.8% quarter-over-quarter.
  • 32 funds opened new Avis positions in Q3 2018 and 47 closed out, a net change of -15 holders.
  • The largest Avis buyer in Q3 2018 was CIBC World Markets, an estimated $75.1M added.
  • The largest Avis seller in Q3 2018 was Jefferies Group, an estimated $36.5M sold.

Based on aggregated 13F filings for Q3 2018.