Avis
269 hedge funds and large institutions have $5.98B invested in Avis in 2014 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 82 increasing their positions, 106 reducing their positions, and 36 closing their positions.
162% more call options, than puts
Call options by funds: $238M | Put options by funds: $90.8M
36% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 36
6% more funds holding in top 10
Funds holding in top 10: 16 → 17 (+1)
3% more funds holding
Funds holding: 260 → 269 (+9)
4.88% less ownership
Funds ownership: 84.65% → 79.77% (-4.9%)
8% less capital invested
Capital invested by funds: $6.5B → $5.98B (-$520M)
23% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SAB Capital Management
New York
|
+$135M |
| 2 |
D.E. Shaw & Co
New York
|
+$64.8M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$62M |
| 4 |
YCMGA
York Capital Management Global Advisors
New York
|
+$60M |
| 5 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$59.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRC
Blue Ridge Capital
New York
|
-$273M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$122M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$102M |
| 4 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$55.9M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$52.3M |
CAR Hedge Fund Activity: Q3 2014 in Review
269 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2014, worth a combined $5.98B — down 8% from $6.5B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CAR positions and 36 closed out — a net gain of 13 holders — while 82 added to existing stakes and 106 trimmed.
The largest buyer was SAB Capital Management, adding an estimated $135M. The largest seller was Blue Ridge Capital, cutting an estimated $273M.
- 269 institutional investors held Avis (CAR) as of Q3 2014, up from 260 in Q2 2014.
- Funds reported $5.98B of Avis stock for Q3 2014, down 8% quarter-over-quarter.
- 49 funds opened new Avis positions in Q3 2014 and 36 closed out, a net change of +13 holders.
- The largest Avis buyer in Q3 2014 was SAB Capital Management, an estimated $135M added.
- The largest Avis seller in Q3 2014 was Blue Ridge Capital, an estimated $273M sold.
Based on aggregated 13F filings for Q3 2014.