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261 hedge funds and large institutions have $2.77B invested in Avis in 2018 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 89 increasing their positions, 85 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 42

3% more funds holding

Funds holding: 254261 (+7)

5% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 85

20.7% less ownership

Funds ownership: 125.76%105.06% (-21%)

40% less capital invested

Capital invested by funds: $4.59B → $2.77B (-$1.81B)

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: 83 (-5)

Holders
261
Holders Change
+7
Holders Change %
+2.76%
% of All Funds
5.97%
Holding in Top 10
3
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-62.5%
% of All Funds
0.07%
New
53
Increased
89
Reduced
85
Closed
42
Calls
$99.6M
Puts
$195M
Net Calls
-$95.4M
Net Calls Change
-$133M
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
1
SRS Investment Management
New York
$390M
BlackRock
2
BlackRock
New York
$274M +$12.7M +290,997 +4%
Vanguard Group
3
Vanguard Group
Pennsylvania
$255M +$50M +1,148,292 +17%
Bank of New York Mellon
4
Bank of New York Mellon
New York
$144M +$17.3M +396,831 +10%
Nomura Holdings
5
Nomura Holdings
Japan
$131M +$1.81M +41,625 +1%
GCM
6
Glenview Capital Management
New York
$125M -$102M -2,331,802 -38%
LAM
7
Lyrical Asset Management
New York
$121M -$1.21M -27,800 -0.7%
State Street
8
State Street
Massachusetts
$81.8M -$3.05M -70,079 -3%
Pzena Investment Management
9
Pzena Investment Management
New York
$63.9M +$6.82M +156,577 +9%
Diamond Hill Capital Management
10
Diamond Hill Capital Management
Ohio
$55M +$4.48M +102,778 +6%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$52.1M +$634K +14,568 +0.9%
JP Morgan Chase
12
JP Morgan Chase
New York
$48.5M +$45.8M +1,051,948 +239%
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$48M +$56.4M +1,294,039 +711%
Wells Fargo
14
Wells Fargo
California
$42.6M +$29M +665,663 +103%
JG
15
Jefferies Group
New York
$39M -$287M -6,597,805 -85%
Northern Trust
16
Northern Trust
Illinois
$36.7M -$1.07M -24,604 -2%
Citigroup
17
Citigroup
New York
$35.8M +$21.9M +502,901 +84%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$35.7M -$236M -5,429,173 -83%
UBS Group
19
UBS Group
Switzerland
$33.8M +$17.4M +399,880 +63%
Goldman Sachs
20
Goldman Sachs
New York
$31.8M -$41.4M -950,211 -49%
Deutsche Bank
21
Deutsche Bank
Germany
$31.6M +$746K +17,119 +2%
Two Sigma Advisers
22
Two Sigma Advisers
New York
$28.3M -$2.18M -50,000 -5%
WAM
23
Wolverine Asset Management
Illinois
$24.7M +$33M +756,957 +28,266%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$23M +$289K +6,633 +0.9%
Renaissance Technologies
25
Renaissance Technologies
New York
$22.1M +$24.3M +558,900 +467%

CAR Hedge Fund Activity: Q2 2018 in Review

261 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2018, worth a combined $2.77B — down 40% from $4.59B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new CAR positions and 42 closed out — a net gain of 11 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.

  • 261 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 40% quarter-over-quarter.
  • 53 funds opened new Avis positions in Q2 2018 and 42 closed out, a net change of +11 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.