Avis
240 hedge funds and large institutions have $5.97B invested in Avis in 2014 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 59 increasing their positions, 107 reducing their positions, and 32 closing their positions.
160% more call options, than puts
Call options by funds: $185M | Put options by funds: $71M
28% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 32
26% more capital invested
Capital invested by funds: $4.72B → $5.97B (+$1.25B)
25% more funds holding in top 10
Funds holding in top 10: 16 → 20 (+4)
4.16% more ownership
Funds ownership: 85.54% → 89.7% (+4.2%)
3% more funds holding
Funds holding: 234 → 240 (+6)
45% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 107
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$205M |
| 2 |
Tiger Global Management
New York
|
+$168M |
| 3 |
GCM
Glenview Capital Management
New York
|
+$92.6M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$44.9M |
| 5 |
SCM
SAB Capital Management
New York
|
+$43.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$122M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$82.2M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$41.2M |
| 4 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$37.8M |
| 5 |
PC
PointState Capital
New York
|
-$28.7M |
CAR Hedge Fund Activity: Q1 2014 in Review
240 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2014, worth a combined $5.97B — up 26% from $4.72B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new CAR positions and 32 closed out — a net gain of 9 holders — while 59 added to existing stakes and 107 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $205M. The largest seller was PAR Capital Management, cutting an estimated $122M.
- 240 institutional investors held Avis (CAR) as of Q1 2014, up from 234 in Q4 2013.
- Funds reported $5.97B of Avis stock for Q1 2014, up 26% quarter-over-quarter.
- 41 funds opened new Avis positions in Q1 2014 and 32 closed out, a net change of +9 holders.
- The largest Avis buyer in Q1 2014 was Morgan Stanley, an estimated $205M added.
- The largest Avis seller in Q1 2014 was PAR Capital Management, an estimated $122M sold.
Based on aggregated 13F filings for Q1 2014.