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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
CGH
176
Crossmark Global Holdings
Texas
$312K +$1K +30 +0.3%
Man Group
177
Man Group
United Kingdom
$309K -$715K -21,425 -69%
GF
178
Gabelli Funds
New York
$305K
KWM
179
Kingsview Wealth Management
Oregon
$299K -$37.5K -1,125 -11%
EP
180
Elkfork Partners
Oregon
$288K +$39.6K +1,188 +15%
Teacher Retirement System of Texas
181
Teacher Retirement System of Texas
Texas
$262K -$194K -5,824 -42%
SAM
182
Securian Asset Management
Minnesota
$262K -$24.8K -742 -8%
PMAM
183
Picton Mahoney Asset Management
Ontario, Canada
$257K
BNP Paribas Asset Management
184
BNP Paribas Asset Management
France
$249K
SCM
185
SOL Capital Management
Maryland
$242K
QT
186
Quantbot Technologies
New York
$240K -$2.71M -81,134 -92%
HighTower Advisors
187
HighTower Advisors
Illinois
$236K +$245K +7,334 New
TSS
188
Two Sigma Securities
New York
$222K +$230K +6,896 New
TAM
189
Tyers Asset Management
Texas
$209K +$28.8K +864 +15%
TRCT
190
Tower Research Capital (TRC)
New York
$205K +$204K +6,110 +2,182%
AAMU
191
Amundi Asset Management US
Massachusetts
$179K +$63.5K +1,902 +52%
RCM
192
Riverhead Capital Management
Delaware
$146K +$20K +600 +15%
PAM
193
Panagora Asset Management
Massachusetts
$143K
Zurich Cantonal Bank
194
Zurich Cantonal Bank
Switzerland
$132K
PNC Financial Services Group
195
PNC Financial Services Group
Pennsylvania
$125K -$899K -26,952 -87%
LIA
196
LS Investment Advisors
Michigan
$123K -$10.6K -318 -8%
ED
197
Exane Derivatives
France
$91.8K +$95.6K +2,865 New
FANJ
198
Financial Architects (New Jersey)
New Jersey
$90K -$33.4K -1,000 -26%
Qube Research & Technologies (QRT)
199
Qube Research & Technologies (QRT)
United Kingdom
$90K +$93.5K +2,804 New
FIA
200
FNY Investment Advisers
New York
$72K +$75.1K +2,250 New

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.