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Avis
CAR

296 hedge funds and large institutions have $6.55B invested in Avis in 2023 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 85 increasing their positions, 120 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 47

1.51% less ownership

Funds ownership: 95.7% → 94.19% (-1.5%)

2% less funds holding

Funds holding: 301 → 296 (-5)

16% less call options, than puts

Call options by funds: $235M | Put options by funds: $280M

25% less capital invested

Capital invested by funds: $8.7B → $6.55B (-$2.14B)

29% less repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 120

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
296
Holders Change
-5
Holders Change %
-1.66%
% of All Funds
4.7%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
44
Increased
85
Reduced
120
Closed
47
Calls
$235M
Puts
$280M
Net Calls
-$44.9M
Net Calls Change
+$70.7M

Top Buyers

Rank Fund Capital Flow
1
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$88.9M
2
HSBC Holdings
HSBC Holdings
United Kingdom
+$74M
3
Citadel Advisors
Citadel Advisors
Florida
+$53.9M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$52.5M
5
PCM
PAR Capital Management
Massachusetts
+$48.4M

Top Sellers

Rank Fund Capital Flow
1
Nomura Holdings
Nomura Holdings
Japan
-$272M
2
SIM
SRS Investment Management
New York
-$217M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$89.6M
4
BlackRock
BlackRock
New York
-$58.8M
5
Deutsche Bank
Deutsche Bank
Germany
-$19.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
201
Kestra Advisory Services
Texas
$281K -$217 -1 -0.1%
Mercer Global Advisors
202
Mercer Global Advisors
Colorado
$281K +$8.24K +38 +2%
CANY
203
Caxton Associates (New York)
New York
$272K -$354K -1,635 -52%
CAPTRUST Financial Advisors
204
CAPTRUST Financial Advisors
North Carolina
$263K -$51.2K -236 -14%
HighTower Advisors
205
HighTower Advisors
Illinois
$260K -$1.52K -7 -0.5%
Cambridge Investment Research Advisors
206
Cambridge Investment Research Advisors
Iowa
$259K -$8.89K -41 -3%
American Century Companies
207
American Century Companies
Missouri
$256K +$9.75K +45 +3%
SI
208
Symmetry Investments
Jersey
$254K +$306K +1,413 New
Royal Bank of Canada
209
Royal Bank of Canada
Ontario, Canada
$246K -$5.23M -24,126 -95%
CAM
210
Cresset Asset Management
Illinois
$245K +$296K +1,366 New
Mariner
211
Mariner
Kansas
$241K +$21.2K +98 +8%
AIM
212
Aigen Investment Management
New York
$223K -$54.2K -250 -17%
IIM
213
Ironwood Investment Management
Massachusetts
$220K – – –
MIC
214
Meridian Investment Counsel
California
$217K – – –
Truist Financial
215
Truist Financial
North Carolina
$216K -$1.08K -5 -0.4%
LOAMU
216
Lombard Odier Asset Management (USA)
New York
$215K +$259K +1,196 New
SEI Investments
217
SEI Investments
Pennsylvania
$214K +$1.08K +5 +0.4%
FFM
218
Forum Financial Management
Illinois
$211K – – –
OSAM
219
O'Shaughnessy Asset Management
Connecticut
$207K -$650 -3 -0.3%
Brown Advisory
220
Brown Advisory
Maryland
$207K – – –
Wealth Enhancement Advisory Services
221
Wealth Enhancement Advisory Services
Minnesota
$206K +$248K +1,144 New
SCM
222
Shelton Capital Management
Colorado
$205K – – –
NC
223
NinePointTwo Capital
California
$202K +$244K +1,127 New
PNC Financial Services Group
224
PNC Financial Services Group
Pennsylvania
$198K +$1.08K +5 +0.5%
Parallax Volatility Advisers
225
Parallax Volatility Advisers
California
$180K -$2.38K -11 -1%
7 8
9
10 11

CAR Hedge Fund Activity: Q3 2023 in Review

296 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2023, worth a combined $6.55B — down 25% from $8.7B a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of CAR and 44 opened new positions — a net loss of 3 holders — while 120 trimmed existing stakes and 85 added.

The largest buyer was National Bank of Canada, adding an estimated $88.9M. The largest seller was Nomura Holdings, cutting an estimated $272M.

  • 296 institutional investors held Avis (CAR) as of Q3 2023, down from 301 in Q2 2023.
  • Funds reported $6.55B of Avis stock for Q3 2023, down 25% quarter-over-quarter.
  • 44 funds opened new Avis positions in Q3 2023 and 47 closed out, a net change of -3 holders.
  • The largest Avis buyer in Q3 2023 was National Bank of Canada, an estimated $88.9M added.
  • The largest Avis seller in Q3 2023 was Nomura Holdings, an estimated $272M sold.

Based on aggregated 13F filings for Q3 2023.