Avis
296 hedge funds and large institutions have $7.62B invested in Avis in 2023 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 75 increasing their positions, 132 reducing their positions, and 47 closing their positions.
15% more capital invested
Capital invested by funds: $6.61B → $7.62B (+$1.01B)
1.21% more ownership
Funds ownership: 98.25% → 99.46% (+1.2%)
0% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 47
2% less funds holding
Funds holding: 302 → 296 (-6)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
43% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 132
80% less call options, than puts
Call options by funds: $142M | Put options by funds: $711M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$128M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$34.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$27.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$26.2M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$22.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$56.8M |
| 2 |
Citigroup
New York
|
-$47.1M |
| 3 |
CWM
CIBC World Markets
New York
|
-$37.5M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$37M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$27.4M |
CAR Hedge Fund Activity: Q1 2023 in Review
296 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2023, worth a combined $7.62B — up 15% from $6.61B a quarter earlier.
Fund positioning in CAR was balanced in Q1 2023: 47 funds opened new positions, 47 closed out, 75 added to existing stakes and 132 trimmed.
The largest buyer was Nomura Holdings, adding an estimated $128M. The largest seller was Goldman Sachs, cutting an estimated $56.8M.
- 296 institutional investors held Avis (CAR) as of Q1 2023, down from 302 in Q4 2022.
- Funds reported $7.62B of Avis stock for Q1 2023, up 15% quarter-over-quarter.
- 47 funds opened new Avis positions in Q1 2023 and 47 closed out, a net change of 0 holders.
- The largest Avis buyer in Q1 2023 was Nomura Holdings, an estimated $128M added.
- The largest Avis seller in Q1 2023 was Goldman Sachs, an estimated $56.8M sold.
Based on aggregated 13F filings for Q1 2023.