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240 hedge funds and large institutions have $2.69B invested in Avis in 2019 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 54 increasing their positions, 98 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less capital invested

Capital invested by funds: $2.76B → $2.69B (-$79.2M)

3.74% less ownership

Funds ownership: 104.38%100.64% (-3.7%)

4% less funds holding

Funds holding: 251240 (-11)

20% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 41

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

45% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 98

55% less call options, than puts

Call options by funds: $81.5M | Put options by funds: $180M

Holders
240
Holders Change
-11
Holders Change %
-4.38%
% of All Funds
5.21%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.07%
New
33
Increased
54
Reduced
98
Closed
41
Calls
$81.5M
Puts
$180M
Net Calls
-$98.2M
Net Calls Change
+$56M
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
1
SRS Investment Management
New York
$569M
BlackRock
2
BlackRock
New York
$269M -$4.93M -146,772 -2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$207M -$8.36M -249,032 -4%
Nomura Holdings
4
Nomura Holdings
Japan
$140M -$5.58M -166,191 -4%
LAM
5
Lyrical Asset Management
New York
$125M -$3.49M -103,969 -3%
Renaissance Technologies
6
Renaissance Technologies
New York
$121M +$25.5M +760,520 +28%
GCM
7
Glenview Capital Management
New York
$108M -$17.3M -516,874 -14%
Pzena Investment Management
8
Pzena Investment Management
New York
$102M +$1.16M +34,494 +1%
State Street
9
State Street
Massachusetts
$79.2M -$1.41M -42,057 -2%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$56.2M -$1.38M -41,252 -3%
Citigroup
11
Citigroup
New York
$40.5M +$34.5M +1,028,402 +839%
TCG
12
Tremblant Capital Group
Florida
$40.1M +$38.3M +1,139,987 New
Northern Trust
13
Northern Trust
Illinois
$36.6M +$2.69K +80 +0%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$34.4M +$7.93M +236,302 +32%
UBS Group
15
UBS Group
Switzerland
$32.3M -$4.58M -136,355 -13%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$31.4M +$1.56M +46,385 +5%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$29.2M +$899K +26,774 +3%
Prudential Financial
18
Prudential Financial
New Jersey
$29.1M +$13.4M +399,738 +93%
Neuberger Berman Group
19
Neuberger Berman Group
New York
$28.7M -$390K -11,613 -1%
MRCP
20
Maple Rock Capital Partners
Ontario, Canada
$27.2M +$15.9M +475,000 +158%
ECM
21
ExodusPoint Capital Management
New York
$26.4M -$25.1K -749 -0.1%
PPA
22
Parametric Portfolio Associates
Washington
$21.5M -$1.16M -34,554 -5%
Norges Bank
23
Norges Bank
Norway
$20.4M
Canada Pension Plan Investment Board
24
Canada Pension Plan Investment Board
Ontario, Canada
$19.4M -$6.2M -184,696 -25%
Charles Schwab
25
Charles Schwab
California
$19.2M +$502K +14,956 +3%

CAR Hedge Fund Activity: Q2 2019 in Review

240 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2019, worth a combined $2.69B — down 2.9% from $2.76B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of CAR and 33 opened new positions — a net loss of 8 holders — while 98 trimmed existing stakes and 54 added.

The largest buyer was Tremblant Capital Group, opening a new position worth an estimated $38.3M. The largest seller was CIBC World Markets, cutting an estimated $33.6M.

  • 240 institutional investors held Avis (CAR) as of Q2 2019, down from 251 in Q1 2019.
  • Funds reported $2.69B of Avis stock for Q2 2019, down 2.9% quarter-over-quarter.
  • 33 funds opened new Avis positions in Q2 2019 and 41 closed out, a net change of -8 holders.
  • The largest Avis buyer in Q2 2019 was Tremblant Capital Group, an estimated $38.3M added.
  • The largest Avis seller in Q2 2019 was CIBC World Markets, an estimated $33.6M sold.

Based on aggregated 13F filings for Q2 2019.