Avis
249 hedge funds and large institutions have $3.16B invested in Avis in 2017 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 45 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 78
13.1% more ownership
Funds ownership: 112.08% → 125.18% (+13%)
7% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 45
3% less funds holding
Funds holding: 258 → 249 (-9)
12% less capital invested
Capital invested by funds: $3.61B → $3.16B (-$450M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
68% less call options, than puts
Call options by funds: $33.2M | Put options by funds: $104M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$260M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$112M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$84.2M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$42.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$76.2M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$32.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$27.7M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$23.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$22.9M |
CAR Hedge Fund Activity: Q1 2017 in Review
249 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2017, worth a combined $3.16B — down 12% from $3.61B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of CAR and 42 opened new positions — a net loss of 3 holders — while 78 trimmed existing stakes and 89 added.
The largest buyer was BlackRock, adding an estimated $260M. The largest seller was UBS Group, cutting an estimated $76.2M.
- 249 institutional investors held Avis (CAR) as of Q1 2017, down from 258 in Q4 2016.
- Funds reported $3.16B of Avis stock for Q1 2017, down 12% quarter-over-quarter.
- 42 funds opened new Avis positions in Q1 2017 and 45 closed out, a net change of -3 holders.
- The largest Avis buyer in Q1 2017 was BlackRock, an estimated $260M added.
- The largest Avis seller in Q1 2017 was UBS Group, an estimated $76.2M sold.
Based on aggregated 13F filings for Q1 2017.