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240 hedge funds and large institutions have $2.69B invested in Avis in 2019 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 54 increasing their positions, 98 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less capital invested

Capital invested by funds: $2.76B → $2.69B (-$79.2M)

3.74% less ownership

Funds ownership: 104.38%100.64% (-3.7%)

4% less funds holding

Funds holding: 251240 (-11)

20% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 41

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

45% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 98

55% less call options, than puts

Call options by funds: $81.5M | Put options by funds: $180M

Holders
240
Holders Change
-11
Holders Change %
-4.38%
% of All Funds
5.21%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.07%
New
33
Increased
54
Reduced
98
Closed
41
Calls
$81.5M
Puts
$180M
Net Calls
-$98.2M
Net Calls Change
+$56M
Name Holding Trade Value Shares
Change
Change in
Stake
XK
151
Xact Kapitalforvaltning
Sweden
$397K
COPPSERS
152
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$395K +$805 +24 +0.2%
AB
153
Amalgamated Bank
New York
$394K +$21.6K +644 +6%
NMERB
154
New Mexico Educational Retirement Board
New Mexico
$387K -$83.9K -2,500 -19%
DI
155
Diligent Investors
California
$386K -$16.8K -500 -4%
Public Employees Retirement Association of Colorado
156
Public Employees Retirement Association of Colorado
Colorado
$384K -$27.8K -827 -7%
HighTower Advisors
157
HighTower Advisors
Illinois
$373K +$354K +10,547 New
SCM
158
Stevens Capital Management
Pennsylvania
$359K -$606K -18,043 -64%
HA
159
Harbor Advisors
Florida
$352K
IG
160
ING Group
Netherlands
$344K +$705 +21 +0.2%
TRSOTSOK
161
Teachers Retirement System of the State of Kentucky
Kentucky
$336K -$36.9K -1,100 -10%
Ohio Public Employees Retirement System (OPERS)
162
Ohio Public Employees Retirement System (OPERS)
Ohio
$335K +$241K +7,180 +306%
GF
163
Gabelli Funds
New York
$334K
CSS
164
Cubist Systematic Strategies
Connecticut
$332K -$737K -21,958 -70%
EP
165
Elkfork Partners
Oregon
$315K
BCM
166
Bayesian Capital Management
New York
$302K +$32.2K +959 +13%
FIM
167
Freedom Investment Management
Connecticut
$291K -$5.71K -170 -2%
JG
168
Jefferies Group
New York
$284K -$102K -3,051 -27%
PIA
169
Piedmont Investment Advisors
North Carolina
$281K +$268K +7,997 New
Wolverine Trading
170
Wolverine Trading
Illinois
$279K -$54.7K -1,630 -17%
GH
171
GAM Holding
Switzerland
$279K +$266K +7,937 New
NIT
172
NumerixS Investment Technologies
British Columbia, Canada
$278K -$131K -3,900 -33%
WAM
173
World Asset Management
Michigan
$274K +$10.7K +319 +4%
SAM
174
Securian Asset Management
Minnesota
$266K -$6.28K -187 -2%
SCM
175
SOL Capital Management
Maryland
$265K

CAR Hedge Fund Activity: Q2 2019 in Review

240 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2019, worth a combined $2.69B — down 2.9% from $2.76B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of CAR and 33 opened new positions — a net loss of 8 holders — while 98 trimmed existing stakes and 54 added.

The largest buyer was Tremblant Capital Group, opening a new position worth an estimated $38.3M. The largest seller was CIBC World Markets, cutting an estimated $33.6M.

  • 240 institutional investors held Avis (CAR) as of Q2 2019, down from 251 in Q1 2019.
  • Funds reported $2.69B of Avis stock for Q2 2019, down 2.9% quarter-over-quarter.
  • 33 funds opened new Avis positions in Q2 2019 and 41 closed out, a net change of -8 holders.
  • The largest Avis buyer in Q2 2019 was Tremblant Capital Group, an estimated $38.3M added.
  • The largest Avis seller in Q2 2019 was CIBC World Markets, an estimated $33.6M sold.

Based on aggregated 13F filings for Q2 2019.