Avis
CAR
300 hedge funds and large institutions have $8.7B invested in Avis in 2023 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 76 increasing their positions, 127 reducing their positions, and 49 closing their positions.
14% more capital invested
Capital invested by funds: $7.62B → $8.7B (+$1.07B)
10% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 49
1% more funds holding
Funds holding: 296 → 300 (+4)
3.76% less ownership
Funds ownership: 99.46% → 95.7% (-3.8%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
29% less call options, than puts
Call options by funds: $288M | Put options by funds: $404M
40% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 127
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$40.5M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$36.5M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$32.5M |
| 4 |
TI
Think Investments
San Francisco,
California
|
+$14.4M |
| 5 |
Millennium Management
New York
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$50.3M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$47.6M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$45.8M |
| 4 |
BlackRock
New York
|
-$31.4M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$29.8M |
CAR Hedge Fund Activity: Q2 2023 in Review
300 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2023, worth a combined $8.7B — up 14% from $7.62B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new CAR positions and 49 closed out — a net gain of 5 holders — while 76 added to existing stakes and 127 trimmed.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $40.5M. The largest seller was Renaissance Technologies, cutting an estimated $50.3M.
- 300 institutional investors held Avis (CAR) as of Q2 2023, up from 296 in Q1 2023.
- Funds reported $8.7B of Avis stock for Q2 2023, up 14% quarter-over-quarter.
- 54 funds opened new Avis positions in Q2 2023 and 49 closed out, a net change of +5 holders.
- The largest Avis buyer in Q2 2023 was Massachusetts Financial Services, an estimated $40.5M added.
- The largest Avis seller in Q2 2023 was Renaissance Technologies, an estimated $50.3M sold.
Based on aggregated 13F filings for Q2 2023.