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228 hedge funds and large institutions have $4.96B invested in Avis in 2015 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 80 increasing their positions, 83 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more call options, than puts

Call options by funds: $207M | Put options by funds: $113M

60% more funds holding in top 10

Funds holding in top 10: 1016 (+6)

0.99% more ownership

Funds ownership: 81.95%82.94% (+0.99%)

1% more capital invested

Capital invested by funds: $4.93B → $4.96B (+$31.6M)

4% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 83

13% less funds holding

Funds holding: 263228 (-35)

52% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 64

Holders
228
Holders Change
-35
Holders Change %
-13.31%
% of All Funds
6.37%
Holding in Top 10
16
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+60%
% of All Funds
0.45%
New
31
Increased
80
Reduced
83
Closed
64
Calls
$207M
Puts
$113M
Net Calls
+$94.3M
Net Calls Change
-$90.9M
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
1
SRS Investment Management
New York
$415M -$21.7M -500,000 -5%
GCM
2
Glenview Capital Management
New York
$412M +$46.7M +1,075,751 +13%
FTCM
3
Fir Tree Capital Management
New York
$298M +$15.6M +359,575 +6%
Vanguard Group
4
Vanguard Group
Pennsylvania
$288M -$6.56M -151,206 -2%
IAM
5
Iridian Asset Management
Connecticut
$273M +$60.4M +1,391,935 +29%
MCM
6
Marcato Capital Management
California
$250M +$76.1M +1,754,175 +44%
TCM
7
TimesSquare Capital Management
New York
$199M +$1.08M +24,890 +0.5%
Morgan Stanley
8
Morgan Stanley
New York
$192M +$6.33M +145,851 +3%
IIM
9
Ivory Investment Management
New York
$191M +$134M +3,087,599 +240%
BCPEM
10
Bain Capital Public Equity Management
Massachusetts
$136M +$135M +3,103,561 New
CGI
11
CI Global Investments
California
$133M -$49.7M -1,145,300 -27%
Nomura Holdings
12
Nomura Holdings
Japan
$130M +$126M +2,898,636 +51,186%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$130M -$9M -207,562 -7%
LAM
14
Lyrical Asset Management
New York
$126M +$13.2M +303,358 +14%
CWAM
15
Columbia Wanger Asset Management
Illinois
$126M +$8.31M +191,528 +7%
BIT
16
BlackRock Institutional Trust
California
$111M -$1.71M -39,395 -2%
FPP
17
Findlay Park Partners
United Kingdom
$75M -$25.3M -582,600 -25%
CCA
18
Canyon Capital Advisors
Texas
$74.9M +$74.3M +1,713,657 New
BFA
19
BlackRock Fund Advisors
California
$68M +$950K +21,899 +1%
TCIM
20
TIAA CREF Investment Management
New York
$65.3M +$39.5M +911,641 +156%
State Street
21
State Street
Massachusetts
$64.4M +$3.32M +76,555 +5%
PCM
22
PAR Capital Management
Massachusetts
$60.5M +$43.4M +1,000,000 +259%
Diamond Hill Capital Management
23
Diamond Hill Capital Management
Ohio
$55.8M +$11.5M +265,758 +26%
OCAM
24
Owl Creek Asset Management
New York
$46.5M +$22.6M +520,783 +96%
Norges Bank
25
Norges Bank
Norway
$37.1M

CAR Hedge Fund Activity: Q3 2015 in Review

228 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2015, worth a combined $4.96B — up 0.64% from $4.93B a quarter earlier.

Sellers outnumbered buyers: 64 funds closed out of CAR and 31 opened new positions — a net loss of 33 holders — while 83 trimmed existing stakes and 80 added.

The largest buyer was Bain Capital Public Equity Management, opening a new position worth an estimated $135M. The largest seller was Viking Global Investors, exiting entirely with an estimated $190M sold.

  • 228 institutional investors held Avis (CAR) as of Q3 2015, down from 263 in Q2 2015.
  • Funds reported $4.96B of Avis stock for Q3 2015, up 0.64% quarter-over-quarter.
  • 31 funds opened new Avis positions in Q3 2015 and 64 closed out, a net change of -33 holders.
  • The largest Avis buyer in Q3 2015 was Bain Capital Public Equity Management, an estimated $135M added.
  • The largest Avis seller in Q3 2015 was Viking Global Investors, an estimated $190M sold.

Based on aggregated 13F filings for Q3 2015.