Avis
263 hedge funds and large institutions have $5.34B invested in Avis in 2021 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 69 increasing their positions, 100 reducing their positions, and 36 closing their positions.
61% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 36
9% more capital invested
Capital invested by funds: $4.88B → $5.34B (+$458M)
8% more funds holding
Funds holding: 243 → 263 (+20)
1.81% more ownership
Funds ownership: 96.56% → 98.37% (+1.8%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
25% less call options, than puts
Call options by funds: $196M | Put options by funds: $263M
31% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 100
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$311M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$51.7M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$32.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$24.6M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$18.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$71.4M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$43.1M |
| 3 |
GCM
Glenview Capital Management
New York
|
-$36.4M |
| 4 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$31.9M |
| 5 |
State Street
Boston,
Massachusetts
|
-$28.6M |
CAR Hedge Fund Activity: Q2 2021 in Review
263 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2021, worth a combined $5.34B — up 9.4% from $4.88B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new CAR positions and 36 closed out — a net gain of 22 holders — while 69 added to existing stakes and 100 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $311M. The largest seller was Morgan Stanley, cutting an estimated $71.4M.
- 263 institutional investors held Avis (CAR) as of Q2 2021, up from 243 in Q1 2021.
- Funds reported $5.34B of Avis stock for Q2 2021, up 9.4% quarter-over-quarter.
- 58 funds opened new Avis positions in Q2 2021 and 36 closed out, a net change of +22 holders.
- The largest Avis buyer in Q2 2021 was Fidelity Investments, an estimated $311M added.
- The largest Avis seller in Q2 2021 was Morgan Stanley, an estimated $71.4M sold.
Based on aggregated 13F filings for Q2 2021.