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224 hedge funds and large institutions have $3.22B invested in Avis in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 94 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $95.8M | Put options by funds: $62.4M

0% more capital invested

Capital invested by funds: $3.2B → $3.22B (+$15.6M)

1.05% less ownership

Funds ownership: 82.81%81.76% (-1.1%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

16% less funds holding

Funds holding: 267224 (-43)

20% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 94

57% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 70

Holders
224
Holders Change
-43
Holders Change %
-16.1%
% of All Funds
7.26%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.32%
New
30
Increased
75
Reduced
94
Closed
70
Calls
$95.8M
Puts
$62.4M
Net Calls
+$33.4M
Net Calls Change
+$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Asset Management One
201
Asset Management One
Japan
$61K
Credit Agricole
202
Credit Agricole
France
$51K +$52.9K +1,769 New
TRCT
203
Tower Research Capital (TRC)
New York
$45K +$45.7K +1,528 +3,056%
OIA
204
Optimum Investment Advisors
Illinois
$42K +$43.6K +1,460 New
Creative Planning
205
Creative Planning
Kansas
$39K -$8.16K -273 -17%
FQ
206
First Quadrant
California
$35K -$5.98K -200 -14%
Allianz Asset Management
207
Allianz Asset Management
Germany
$30K -$5.5M -184,090 -99%
HMS
208
Hanseatic Management Services
New Mexico
$23K -$31.1K -1,039 -56%
PFO
209
Pathstone Family Office
New Jersey
$20K +$21.1K +706 New
BPBT
210
Boston Private Bank & Trust
Massachusetts
$13K
GT
211
Glenmede Trust
Pennsylvania
$12K -$11.3K -377 -44%
MI
212
Markston International
New York
$12K
LTFS
213
Ladenburg Thalmann Financial Services
Florida
$11K +$4.93K +165 +77%
JFGIW
214
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$7K
PSI
215
Pinnacle Summer Investments
Virginia
$7K
ST
216
SpiderRock Trading
Illinois
$6K
TFA
217
Transamerica Financial Advisors
Florida
$4K
WA
218
WFG Advisors
Texas
$4K
HNB
219
Huntington National Bank
Ohio
$3K
PSUF
220
People's United Financial
Connecticut
$3K +$2.39K +80 New
1IC
221
1919 Investment Counsel
Maryland
$2K
CFA
222
Carroll Financial Associates
North Carolina
$2K
MFS
223
MSI Financial Services
Massachusetts
$1K
Manulife (Manufacturers Life Insurance)
224
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$229 -$75.6K -2,531 -24%
CCI
225
Columbus Circle Investors
-$55.3M -1,924,694 Closed

CAR Hedge Fund Activity: Q3 2013 in Review

224 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2013, worth a combined $3.22B — up 0.49% from $3.2B a quarter earlier.

Sellers outnumbered buyers: 70 funds closed out of CAR and 30 opened new positions — a net loss of 40 holders — while 94 trimmed existing stakes and 75 added.

The largest buyer was Iridian Asset Management, adding an estimated $84.1M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $55.3M sold.

  • 224 institutional investors held Avis (CAR) as of Q3 2013, down from 267 in Q2 2013.
  • Funds reported $3.22B of Avis stock for Q3 2013, up 0.49% quarter-over-quarter.
  • 30 funds opened new Avis positions in Q3 2013 and 70 closed out, a net change of -40 holders.
  • The largest Avis buyer in Q3 2013 was Iridian Asset Management, an estimated $84.1M added.
  • The largest Avis seller in Q3 2013 was Columbus Circle Investors, an estimated $55.3M sold.

Based on aggregated 13F filings for Q3 2013.