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241 hedge funds and large institutions have $3.45B invested in Avis in 2016 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 74 increasing their positions, 77 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more call options, than puts

Call options by funds: $109M | Put options by funds: $76.8M

37% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 43

7% more funds holding

Funds holding: 226241 (+15)

4% more capital invested

Capital invested by funds: $3.31B → $3.45B (+$143M)

0.94% less ownership

Funds ownership: 75.23%74.29% (-0.94%)

4% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 77

33% less funds holding in top 10

Funds holding in top 10: 96 (-3)

Holders
241
Holders Change
+15
Holders Change %
+6.64%
% of All Funds
6.43%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.16%
New
59
Increased
74
Reduced
77
Closed
43
Calls
$109M
Puts
$76.8M
Net Calls
+$32.2M
Net Calls Change
-$32.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Teacher Retirement System of Texas
176
Teacher Retirement System of Texas
Texas
$314K -$98.1K -2,709 -23%
ProShare Advisors
177
ProShare Advisors
Maryland
$293K +$311K +8,575 New
Pacer Advisors
178
Pacer Advisors
Pennsylvania
$291K +$20.3K +560 +7%
GI
179
GAMCO Investors
Connecticut
$285K -$15.2K -420 -5%
CIM
180
Calvert Investment Management
Maryland
$276K +$11.2K +309 +4%
HIP
181
Hatteras Investment Partners
North Carolina
$273K +$289K +7,966 New
AIM
182
Assured Investment Management
New York
$271K +$287K +7,913 New
IRF
183
IBM Retirement Fund
New York
$270K -$19.9K -550 -7%
CAM
184
Capstone Asset Management
Texas
$266K +$281K +7,765 New
PPSG
185
Princeton Portfolio Strategies Group
New Jersey
$260K +$275K +7,600 New
WAM
186
World Asset Management
Michigan
$258K +$273K +7,540 New
PAS
187
Partnervest Advisory Services
California
$250K -$29K -800 -10%
AIM
188
Advantage Investment Management
Iowa
$242K +$3.4K +94 +1%
SCM
189
Shelton Capital Management
Colorado
$242K +$256K +7,069 New
RJA
190
Raymond James & Associates
Florida
$240K +$254K +7,018 New
WAM
191
Weiss Asset Management
Massachusetts
$230K +$243K +6,717 New
Verition Fund Management
192
Verition Fund Management
Connecticut
$222K -$145K -4,000 -38%
LIA
193
LS Investment Advisors
Michigan
$220K +$233K +6,438 New
JHIU
194
Janus Henderson Investors US
Colorado
$202K -$324K -8,956 -60%
Fifth Third Bancorp
195
Fifth Third Bancorp
Ohio
$174K
OMCS
196
Old Mutual Customised Solutions
South Africa
$171K
BC
197
Barnett & Company
Tennessee
$164K -$10.9K -300 -6%
PAM
198
Panagora Asset Management
Massachusetts
$156K
SG Americas Securities
199
SG Americas Securities
New York
$153K +$162K +4,461 New
PCM
200
Prelude Capital Management
New York
$141K +$149K +4,108 New

CAR Hedge Fund Activity: Q3 2016 in Review

241 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2016, worth a combined $3.45B — up 4.3% from $3.31B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new CAR positions and 43 closed out — a net gain of 16 holders — while 74 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $92.1M. The largest seller was Baupost Group, exiting entirely with an estimated $57.6M sold.

  • 241 institutional investors held Avis (CAR) as of Q3 2016, up from 226 in Q2 2016.
  • Funds reported $3.45B of Avis stock for Q3 2016, up 4.3% quarter-over-quarter.
  • 59 funds opened new Avis positions in Q3 2016 and 43 closed out, a net change of +16 holders.
  • The largest Avis buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $92.1M added.
  • The largest Avis seller in Q3 2016 was Baupost Group, an estimated $57.6M sold.

Based on aggregated 13F filings for Q3 2016.