Avis
201 hedge funds and large institutions have $1.65B invested in Avis in 2020 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 43 increasing their positions, 84 reducing their positions, and 51 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
53% more capital invested
Capital invested by funds: $1.08B → $1.65B (+$568M)
0.9% less ownership
Funds ownership: 104.31% → 103.41% (-0.9%)
3% less funds holding
Funds holding: 208 → 201 (-7)
12% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 51
42% less call options, than puts
Call options by funds: $193M | Put options by funds: $331M
49% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 84
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Melvin Capital Management
New York
|
+$63.3M |
| 2 |
JG
Jefferies Group
New York
|
+$58.6M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$27.7M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$22.9M |
| 5 |
Two Sigma Investments
New York
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LAM
Lyrical Asset Management
New York
|
-$41.4M |
| 2 |
Goldman Sachs
New York
|
-$40M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$27M |
| 4 |
Renaissance Technologies
New York
|
-$26.3M |
| 5 |
Citigroup
New York
|
-$20.3M |
CAR Hedge Fund Activity: Q2 2020 in Review
201 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2020, worth a combined $1.65B — up 53% from $1.08B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of CAR and 45 opened new positions — a net loss of 6 holders — while 84 trimmed existing stakes and 43 added.
The largest buyer was Melvin Capital Management, opening a new position worth an estimated $63.3M. The largest seller was Lyrical Asset Management, exiting entirely with an estimated $41.4M sold.
- 201 institutional investors held Avis (CAR) as of Q2 2020, down from 208 in Q1 2020.
- Funds reported $1.65B of Avis stock for Q2 2020, up 53% quarter-over-quarter.
- 45 funds opened new Avis positions in Q2 2020 and 51 closed out, a net change of -6 holders.
- The largest Avis buyer in Q2 2020 was Melvin Capital Management, an estimated $63.3M added.
- The largest Avis seller in Q2 2020 was Lyrical Asset Management, an estimated $41.4M sold.
Based on aggregated 13F filings for Q2 2020.