Avis
CAR
260 hedge funds and large institutions have $2.77B invested in Avis in 2018 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 89 increasing their positions, 85 reducing their positions, and 42 closing their positions.
24% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 42
2% more funds holding
Funds holding: 254 → 260 (+6)
5% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 85
20.43% less ownership
Funds ownership: 125.48% → 105.05% (-20%)
42% less capital invested
Capital invested by funds: $4.78B → $2.77B (-$2B)
49% less call options, than puts
Call options by funds: $99.6M | Put options by funds: $195M
63% less funds holding in top 10
Funds holding in top 10: 8 → 3 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$56.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$50M |
| 3 |
JP Morgan Chase
New York
|
+$45.8M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$33M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$287M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$262M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$236M |
| 4 |
GCM
Glenview Capital Management
New York
|
-$102M |
| 5 |
SPC
Slate Path Capital
New York
|
-$85.8M |
CAR Hedge Fund Activity: Q2 2018 in Review
260 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2018, worth a combined $2.77B — down 42% from $4.78B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new CAR positions and 42 closed out — a net gain of 10 holders — while 89 added to existing stakes and 85 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $56.4M. The largest seller was Jefferies Group, cutting an estimated $287M.
- 260 institutional investors held Avis (CAR) as of Q2 2018, up from 254 in Q1 2018.
- Funds reported $2.77B of Avis stock for Q2 2018, down 42% quarter-over-quarter.
- 52 funds opened new Avis positions in Q2 2018 and 42 closed out, a net change of +10 holders.
- The largest Avis buyer in Q2 2018 was Bank of Montreal, an estimated $56.4M added.
- The largest Avis seller in Q2 2018 was Jefferies Group, an estimated $287M sold.
Based on aggregated 13F filings for Q2 2018.