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256 hedge funds and large institutions have $6.6B invested in Avis in 2015 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more call options, than puts

Call options by funds: $427M | Put options by funds: $197M

14% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 78

1.7% less ownership

Funds ownership: 83.59%81.89% (-1.7%)

3% less funds holding

Funds holding: 263256 (-7)

13% less capital invested

Capital invested by funds: $7.57B → $6.6B (-$969M)

14% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 51

16% less funds holding in top 10

Funds holding in top 10: 1916 (-3)

Holders
256
Holders Change
-7
Holders Change %
-2.66%
% of All Funds
6.82%
Holding in Top 10
16
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-15.79%
% of All Funds
0.43%
New
44
Increased
89
Reduced
78
Closed
51
Calls
$427M
Puts
$197M
Net Calls
+$230M
Net Calls Change
-$69.4M
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
176
Aberdeen Asset Management
United Kingdom
$803K -$356K -5,834 -30%
OPERF
177
Oregon Public Employees Retirement Fund
Oregon
$737K
ACI
178
AMP Capital Investors
Australia
$726K +$287K +4,700 +61%
AB
179
Amalgamated Bank
New York
$704K +$25.1K +412 +4%
IRS
180
Invictus RG (Singapore)
Singapore
$700K +$703K +11,519 +3,368%
MC
181
Maplelane Capital
New York
$692K +$716K +11,726 New
NMIMC
182
Northwestern Mutual Investment Management Company
Wisconsin
$689K +$712K +11,670 New
CIBC Private Wealth Group
183
CIBC Private Wealth Group
Georgia
$609K +$629K +10,308 New
GH
184
GAM Holding
Switzerland
$590K
BPGAM
185
BTG Pactual Global Asset Management
Bermuda
$590K +$251K +4,116 +70%
B
186
Barings
North Carolina
$584K
NI
187
Numeric Investors
Massachusetts
$572K +$592K +9,700 New
TAM
188
Tocqueville Asset Management
New York
$540K -$3.29K -54 -0.6%
SCM
189
SOL Capital Management
Maryland
$528K
HHMI
190
Howard Hughes Medical Institute
Maryland
$482K +$498K +8,165 New
SFP
191
Santa Fe Partners
New Mexico
$462K +$478K +7,825 New
ARC
192
Absolute Return Capital
Massachusetts
$457K +$472K +7,736 New
MLICM
193
Metropolitan Life Insurance Company (MetLife)
New York
$438K
AAM
194
Advisors Asset Management
Colorado
$432K +$220K +3,609 +97%
Fidelity Investments
195
Fidelity Investments
Massachusetts
$424K -$44.5K -730 -9%
M&T Bank
196
M&T Bank
New York
$399K +$18.1K +296 +5%
VKH
197
Virtu KCG Holdings
New York
$378K -$1.1M -18,039 -74%
BlackRock
198
BlackRock
New York
$371K -$64.6K -1,058 -14%
Twin Tree Management
199
Twin Tree Management
Texas
$359K +$371K +6,085 New
Luther King Capital Management (LKCM)
200
Luther King Capital Management (LKCM)
Texas
$358K

CAR Hedge Fund Activity: Q1 2015 in Review

256 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2015, worth a combined $6.6B — down 13% from $7.57B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of CAR and 44 opened new positions — a net loss of 7 holders — while 78 trimmed existing stakes and 89 added.

The largest buyer was Capital World Investors, opening a new position worth an estimated $122M. The largest seller was SAB Capital Management, exiting entirely with an estimated $148M sold.

  • 256 institutional investors held Avis (CAR) as of Q1 2015, down from 263 in Q4 2014.
  • Funds reported $6.6B of Avis stock for Q1 2015, down 13% quarter-over-quarter.
  • 44 funds opened new Avis positions in Q1 2015 and 51 closed out, a net change of -7 holders.
  • The largest Avis buyer in Q1 2015 was Capital World Investors, an estimated $122M added.
  • The largest Avis seller in Q1 2015 was SAB Capital Management, an estimated $148M sold.

Based on aggregated 13F filings for Q1 2015.