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242 hedge funds and large institutions have $2.7B invested in Avis in 2018 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 72 increasing their positions, 96 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.77% more ownership

Funds ownership: 105.06%105.83% (+0.77%)

3% less capital invested

Capital invested by funds: $2.77B → $2.7B (-$78.6M)

7% less funds holding

Funds holding: 261242 (-19)

25% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 96

32% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 47

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

50% less call options, than puts

Call options by funds: $68.3M | Put options by funds: $138M

Holders
242
Holders Change
-19
Holders Change %
-7.28%
% of All Funds
5.53%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
32
Increased
72
Reduced
96
Closed
47
Calls
$68.3M
Puts
$138M
Net Calls
-$69.3M
Net Calls Change
+$26.1M
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
1
SRS Investment Management
New York
$386M
BlackRock
2
BlackRock
New York
$263M -$7.4M -221,779 -3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$234M -$18.8M -563,703 -7%
Bank of New York Mellon
4
Bank of New York Mellon
New York
$142M -$623K -18,677 -0.4%
GCM
5
Glenview Capital Management
New York
$139M +$16M +479,019 +12%
Nomura Holdings
6
Nomura Holdings
Japan
$133M -$29.2K -876 -0%
LAM
7
Lyrical Asset Management
New York
$121M +$1.2M +35,872 +1%
Pzena Investment Management
8
Pzena Investment Management
New York
$82.9M +$20.4M +610,949 +31%
State Street
9
State Street
Massachusetts
$79.3M -$1.63M -48,836 -2%
CWM
10
CIBC World Markets
New York
$72.3M +$75.1M +2,250,000 New
Diamond Hill Capital Management
11
Diamond Hill Capital Management
Ohio
$54.4M -$36.4K -1,090 -0.1%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$51.4M -$190K -5,697 -0.4%
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$48.9M +$1.52M +45,557 +3%
Wells Fargo
14
Wells Fargo
California
$36.6M -$5.68M -170,313 -13%
UBS Group
15
UBS Group
Switzerland
$34.5M +$1.15M +34,355 +3%
Northern Trust
16
Northern Trust
Illinois
$34M -$2.39M -71,584 -6%
AC
17
Armistice Capital
New York
$32.1M +$33.4M +1,000,000 New
Fidelity Investments
18
Fidelity Investments
Massachusetts
$28.6M -$6.9M -206,809 -19%
Goldman Sachs
19
Goldman Sachs
New York
$28.1M -$3.44M -103,138 -11%
Allianz Asset Management
20
Allianz Asset Management
Germany
$26.8M +$27.8M +832,616 New
Renaissance Technologies
21
Renaissance Technologies
New York
$26.3M +$4.62M +138,600 +20%
JP Morgan Chase
22
JP Morgan Chase
New York
$25.8M -$23M -688,732 -46%
Citadel Advisors
23
Citadel Advisors
Florida
$25.6M +$9.11M +272,968 +52%
Deutsche Bank
24
Deutsche Bank
Germany
$23.8M -$7.78M -233,111 -24%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$22.8M +$87.7K +2,630 +0.4%

CAR Hedge Fund Activity: Q3 2018 in Review

242 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2018, worth a combined $2.7B — down 2.8% from $2.77B a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of CAR and 32 opened new positions — a net loss of 15 holders — while 96 trimmed existing stakes and 72 added.

The largest buyer was CIBC World Markets, opening a new position worth an estimated $75.1M. The largest seller was Jefferies Group, cutting an estimated $36.5M.

  • 242 institutional investors held Avis (CAR) as of Q3 2018, down from 261 in Q2 2018.
  • Funds reported $2.7B of Avis stock for Q3 2018, down 2.8% quarter-over-quarter.
  • 32 funds opened new Avis positions in Q3 2018 and 47 closed out, a net change of -15 holders.
  • The largest Avis buyer in Q3 2018 was CIBC World Markets, an estimated $75.1M added.
  • The largest Avis seller in Q3 2018 was Jefferies Group, an estimated $36.5M sold.

Based on aggregated 13F filings for Q3 2018.