Avis
244 hedge funds and large institutions have $4.9B invested in Avis in 2021 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 53 increasing their positions, 95 reducing their positions, and 47 closing their positions.
87% more capital invested
Capital invested by funds: $2.62B → $4.9B (+$2.28B)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
15% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 47
2% more funds holding
Funds holding: 239 → 244 (+5)
4.1% less ownership
Funds ownership: 100.81% → 96.7% (-4.1%)
23% less call options, than puts
Call options by funds: $182M | Put options by funds: $235M
44% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$292M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$99.7M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$77.3M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$42.2M |
| 5 |
Morgan Stanley
New York
|
+$33.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$140M |
| 2 |
JG
Jefferies Group
New York
|
-$140M |
| 3 |
Pzena Investment Management
New York
|
-$73.5M |
| 4 |
GCM
Glenview Capital Management
New York
|
-$63.2M |
| 5 |
MCM
Melvin Capital Management
New York
|
-$59.7M |
CAR Hedge Fund Activity: Q1 2021 in Review
244 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2021, worth a combined $4.9B — up 87% from $2.62B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new CAR positions and 47 closed out — a net gain of 7 holders — while 53 added to existing stakes and 95 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $292M. The largest seller was Nomura Holdings, cutting an estimated $140M.
- 244 institutional investors held Avis (CAR) as of Q1 2021, up from 239 in Q4 2020.
- Funds reported $4.9B of Avis stock for Q1 2021, up 87% quarter-over-quarter.
- 54 funds opened new Avis positions in Q1 2021 and 47 closed out, a net change of +7 holders.
- The largest Avis buyer in Q1 2021 was Fidelity Investments, an estimated $292M added.
- The largest Avis seller in Q1 2021 was Nomura Holdings, an estimated $140M sold.
Based on aggregated 13F filings for Q1 2021.