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Avis
CAR

263 hedge funds and large institutions have $4.93B invested in Avis in 2015 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 86 increasing their positions, 82 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more call options, than puts

Call options by funds: $271M | Put options by funds: $85.9M

23% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 43

3% more funds holding

Funds holding: 256 → 263 (+7)

5% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 82

0.06% more ownership

Funds ownership: 81.89% → 81.95% (+0.06%)

25% less capital invested

Capital invested by funds: $6.6B → $4.93B (-$1.67B)

38% less funds holding in top 10

Funds holding in top 10: 16 → 10 (-6)

Holders
263
Holders Change
+7
Holders Change %
+2.73%
% of All Funds
7.09%
Holding in Top 10
10
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-37.5%
% of All Funds
0.27%
New
53
Increased
86
Reduced
82
Closed
43
Calls
$271M
Puts
$85.9M
Net Calls
+$185M
Net Calls Change
-$45.2M

Top Buyers

1
FTCM
Fir Tree Capital Management
New York
+$137M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$111M
3
TCM
TimesSquare Capital Management
New York
+$86.5M
4
CGI
CI Global Investments
California
+$86M
5
Viking Global Investors
Viking Global Investors
Connecticut
+$78.8M

Top Sellers

1
Tiger Global Management
Tiger Global Management
New York
-$286M
2
Morgan Stanley
Morgan Stanley
New York
-$125M
3
YCMGA
York Capital Management Global Advisors
New York
-$119M
4
Goldman Sachs
Goldman Sachs
New York
-$64.3M
5
MGM
Miura Global Management
New York
-$59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
176
Jane Street
New York
$620K +$742K +14,071 New
US Bancorp
177
US Bancorp
Minnesota
$612K +$626K +11,858 +586%
EGM
178
Engineers Gate Manager
New York
$607K +$727K +13,773 New
AAM
179
Aberdeen Asset Management
United Kingdom
$600K – – –
Marshall Wace
180
Marshall Wace
United Kingdom
$588K +$703K +13,334 New
NIT
181
NumerixS Investment Technologies
British Columbia, Canada
$587K +$702K +13,310 New
NMIMC
182
Northwestern Mutual Investment Management Company
Wisconsin
$549K +$41.1K +780 +7%
PHK
183
Point72 Hong Kong
Hong Kong
$538K +$644K +12,204 New
AB
184
Amalgamated Bank
New York
$537K +$13.7K +260 +2%
CGI
185
Caerus Global Investors
New York
$532K -$739K -14,012 -55%
ACI
186
Advance Capital I
Michigan
$507K +$607K +11,500 New
OPERF
187
Oregon Public Employees Retirement Fund
Oregon
$506K -$52.8K -1,000 -8%
Susquehanna International Group
188
Susquehanna International Group
Pennsylvania
$500K -$329K -6,243 -36%
CAL
189
Capital Analysts LLC
Pennsylvania
$499K +$597K +11,312 New
CIBC Private Wealth Group
190
CIBC Private Wealth Group
Georgia
$483K +$34.8K +660 +6%
Stifel Financial
191
Stifel Financial
Missouri
$462K -$4.59M -87,071 -89%
LA
192
Lucus Advisors
New York
$443K +$530K +10,041 New
GH
193
GAM Holding
Switzerland
$441K – – –
AG
194
Aperio Group
California
$419K +$186K +3,522 +59%
SCM
195
SOL Capital Management
Maryland
$394K – – –
MLICM
196
Metropolitan Life Insurance Company (MetLife)
New York
$340K +$15.4K +292 +4%
Squarepoint
197
Squarepoint
New York
$335K +$401K +7,600 New
OSAM
198
O'Shaughnessy Asset Management
Connecticut
$334K -$755K -14,312 -65%
Envestnet Asset Management
199
Envestnet Asset Management
Illinois
$333K +$107K +2,023 +37%
EMG
200
Ellington Management Group
Connecticut
$331K -$2.43M -46,100 -86%
6 7
8
9 10

CAR Hedge Fund Activity: Q2 2015 in Review

263 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2015, worth a combined $4.93B — down 25% from $6.6B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new CAR positions and 43 closed out — a net gain of 10 holders — while 86 added to existing stakes and 82 trimmed.

The largest buyer was Fir Tree Capital Management, adding an estimated $137M. The largest seller was Tiger Global Management, exiting entirely with an estimated $286M sold.

  • 263 institutional investors held Avis (CAR) as of Q2 2015, up from 256 in Q1 2015.
  • Funds reported $4.93B of Avis stock for Q2 2015, down 25% quarter-over-quarter.
  • 53 funds opened new Avis positions in Q2 2015 and 43 closed out, a net change of +10 holders.
  • The largest Avis buyer in Q2 2015 was Fir Tree Capital Management, an estimated $137M added.
  • The largest Avis seller in Q2 2015 was Tiger Global Management, an estimated $286M sold.

Based on aggregated 13F filings for Q2 2015.