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241 hedge funds and large institutions have $3.45B invested in Avis in 2016 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 74 increasing their positions, 77 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more call options, than puts

Call options by funds: $109M | Put options by funds: $76.8M

37% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 43

7% more funds holding

Funds holding: 226241 (+15)

4% more capital invested

Capital invested by funds: $3.31B → $3.45B (+$143M)

0.94% less ownership

Funds ownership: 75.23%74.29% (-0.94%)

4% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 77

33% less funds holding in top 10

Funds holding in top 10: 96 (-3)

Holders
241
Holders Change
+15
Holders Change %
+6.64%
% of All Funds
6.43%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.16%
New
59
Increased
74
Reduced
77
Closed
43
Calls
$109M
Puts
$76.8M
Net Calls
+$32.2M
Net Calls Change
-$32.3M
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
1
SRS Investment Management
New York
$291M -$18.1M -500,000 -6%
GCM
2
Glenview Capital Management
New York
$284M
Morgan Stanley
3
Morgan Stanley
New York
$258M +$7.14M +196,981 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$212M +$3.08M +84,931 +1%
UBS Group
5
UBS Group
Switzerland
$182M +$41.4M +1,142,905 +27%
Diamond Hill Capital Management
6
Diamond Hill Capital Management
Ohio
$177M -$24.2M -667,858 -11%
Bank of New York Mellon
7
Bank of New York Mellon
New York
$138M -$1.17M -32,270 -0.8%
BFA
8
BlackRock Fund Advisors
California
$131M +$92.1M +2,543,356 +197%
Nomura Holdings
9
Nomura Holdings
Japan
$122M +$41.6M +1,147,115 +48%
TCM
10
TimesSquare Capital Management
New York
$110M -$14.3M -395,700 -11%
LAM
11
Lyrical Asset Management
New York
$97.8M -$945K -26,076 -0.9%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$92.8M -$7.29M -201,127 -7%
BIT
13
BlackRock Institutional Trust
California
$92.1M +$14.5M +401,363 +18%
State Street
14
State Street
Massachusetts
$86.2M +$42.3M +1,167,233 +86%
TCP
15
Tourbillon Capital Partners
New York
$65.9M +$22.1M +611,000 +46%
Neuberger Berman Group
16
Neuberger Berman Group
New York
$63.5M -$7.9M -218,183 -11%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$61.6M +$10.6M +293,305 +19%
CCA
18
Canyon Capital Advisors
Texas
$60.5M -$10.1M -278,573 -14%
PCM
19
PAR Capital Management
Massachusetts
$47.4M
Deutsche Bank
20
Deutsche Bank
Germany
$46.9M +$14.1M +389,315 +40%
Goldman Sachs
21
Goldman Sachs
New York
$38.4M +$15.5M +429,015 +62%
BCPEM
22
Bain Capital Public Equity Management
Massachusetts
$36.4M -$50.4M -1,391,488 -57%
Wells Fargo
23
Wells Fargo
California
$34.9M -$5.02M -138,562 -12%
CGI
24
CI Global Investments
California
$30.6M -$7.02M -193,770 -18%
Norges Bank
25
Norges Bank
Norway
$29.8M +$1.62M +44,810 +5%

CAR Hedge Fund Activity: Q3 2016 in Review

241 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2016, worth a combined $3.45B — up 4.3% from $3.31B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new CAR positions and 43 closed out — a net gain of 16 holders — while 74 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $92.1M. The largest seller was Baupost Group, exiting entirely with an estimated $57.6M sold.

  • 241 institutional investors held Avis (CAR) as of Q3 2016, up from 226 in Q2 2016.
  • Funds reported $3.45B of Avis stock for Q3 2016, up 4.3% quarter-over-quarter.
  • 59 funds opened new Avis positions in Q3 2016 and 43 closed out, a net change of +16 holders.
  • The largest Avis buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $92.1M added.
  • The largest Avis seller in Q3 2016 was Baupost Group, an estimated $57.6M sold.

Based on aggregated 13F filings for Q3 2016.