Avis
CAR
231 hedge funds and large institutions have $4.32B invested in Avis in 2015 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 76 increasing their positions, 81 reducing their positions, and 43 closing their positions.
50% more call options, than puts
Call options by funds: $171M | Put options by funds: $114M
12% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 43
4.13% more ownership
Funds ownership: 82.94% → 87.08% (+4.1%)
1% more funds holding
Funds holding: 229 → 231 (+2)
6% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 81
13% less capital invested
Capital invested by funds: $4.97B → $4.32B (-$651M)
31% less funds holding in top 10
Funds holding in top 10: 16 → 11 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$107M |
| 2 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
+$76.3M |
| 3 |
CGI
CI Global Investments
Oakland,
California
|
+$67.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$57.9M |
| 5 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
+$53.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IIM
Ivory Investment Management
New York
|
-$70M |
| 2 |
OCAM
Owl Creek Asset Management
New York
|
-$46.5M |
| 3 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$34.5M |
| 4 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$30.7M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$27.3M |
CAR Hedge Fund Activity: Q4 2015 in Review
231 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2015, worth a combined $4.32B — down 13% from $4.97B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new CAR positions and 43 closed out — a net gain of 5 holders — while 76 added to existing stakes and 81 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $107M. The largest seller was Ivory Investment Management, cutting an estimated $70M.
- 231 institutional investors held Avis (CAR) as of Q4 2015, up from 229 in Q3 2015.
- Funds reported $4.32B of Avis stock for Q4 2015, down 13% quarter-over-quarter.
- 48 funds opened new Avis positions in Q4 2015 and 43 closed out, a net change of +5 holders.
- The largest Avis buyer in Q4 2015 was Morgan Stanley, an estimated $107M added.
- The largest Avis seller in Q4 2015 was Ivory Investment Management, an estimated $70M sold.
Based on aggregated 13F filings for Q4 2015.