Avis
260 hedge funds and large institutions have $4.26B invested in Avis in 2024 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 96 increasing their positions, 81 reducing their positions, and 80 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 81
4.16% more ownership
Funds ownership: 94.19% → 98.35% (+4.2%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
13% less funds holding
Funds holding: 299 → 260 (-39)
30% less capital invested
Capital invested by funds: $6.05B → $4.26B (-$1.79B)
37% less call options, than puts
Call options by funds: $161M | Put options by funds: $254M
44% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 80
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$54M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$44.1M |
| 3 |
Morgan Stanley
New York
|
+$42M |
| 4 |
JP Morgan Chase
New York
|
+$41.8M |
| 5 |
SIM
SRS Investment Management
New York
|
+$41.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$99.6M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$86.9M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$40.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$40.6M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$25.5M |
CAR Hedge Fund Activity: Q1 2024 in Review
260 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2024, worth a combined $4.26B — down 30% from $6.05B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of CAR and 45 opened new positions — a net loss of 35 holders — while 81 trimmed existing stakes and 96 added.
The largest buyer was Nomura Holdings, adding an estimated $54M. The largest seller was Fidelity Investments, cutting an estimated $99.6M.
- 260 institutional investors held Avis (CAR) as of Q1 2024, down from 299 in Q4 2023.
- Funds reported $4.26B of Avis stock for Q1 2024, down 30% quarter-over-quarter.
- 45 funds opened new Avis positions in Q1 2024 and 80 closed out, a net change of -35 holders.
- The largest Avis buyer in Q1 2024 was Nomura Holdings, an estimated $54M added.
- The largest Avis seller in Q1 2024 was Fidelity Investments, an estimated $99.6M sold.
Based on aggregated 13F filings for Q1 2024.