Avis
223 hedge funds and large institutions have $2.5B invested in Avis in 2019 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 57 increasing their positions, 95 reducing their positions, and 20 closing their positions.
50% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 20
17% more capital invested
Capital invested by funds: $2.14B → $2.5B (+$363M)
5.32% more ownership
Funds ownership: 99.77% → 105.09% (+5.3%)
2% more funds holding
Funds holding: 219 → 223 (+4)
40% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 95
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
67% less call options, than puts
Call options by funds: $52M | Put options by funds: $156M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
+$86.2M |
| 2 |
Pzena Investment Management
New York
|
+$34.3M |
| 3 |
JG
Jefferies Group
New York
|
+$30.1M |
| 4 |
MC
Maverick Capital
Dallas,
Texas
|
+$18.1M |
| 5 |
Squarepoint
New York
|
+$8.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$29.8M |
| 2 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
-$29.1M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$19.8M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$14.1M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$8.55M |
CAR Hedge Fund Activity: Q4 2019 in Review
223 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2019, worth a combined $2.5B — up 17% from $2.14B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new CAR positions and 20 closed out — a net gain of 10 holders — while 57 added to existing stakes and 95 trimmed.
The largest buyer was Glenview Capital Management, adding an estimated $86.2M. The largest seller was Bank of Montreal, cutting an estimated $29.8M.
- 223 institutional investors held Avis (CAR) as of Q4 2019, up from 219 in Q3 2019.
- Funds reported $2.5B of Avis stock for Q4 2019, up 17% quarter-over-quarter.
- 30 funds opened new Avis positions in Q4 2019 and 20 closed out, a net change of +10 holders.
- The largest Avis buyer in Q4 2019 was Glenview Capital Management, an estimated $86.2M added.
- The largest Avis seller in Q4 2019 was Bank of Montreal, an estimated $29.8M sold.
Based on aggregated 13F filings for Q4 2019.