Avis
271 hedge funds and large institutions have $3.1B invested in Avis in 2024 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 90 increasing their positions, 92 reducing their positions, and 41 closing their positions.
12% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 41
2.42% more ownership
Funds ownership: 98.14% → 100.56% (+2.4%)
1% more funds holding
Funds holding: 267 → 271 (+4)
2% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 92
15% less capital invested
Capital invested by funds: $3.66B → $3.1B (-$559M)
39% less call options, than puts
Call options by funds: $134M | Put options by funds: $218M
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Amundi
Paris,
France
|
+$44.2M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$43.2M |
| 3 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$27.7M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$24.7M |
| 5 |
GCM
Glenview Capital Management
New York
|
+$12.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$23.7M |
| 2 |
JP Morgan Chase
New York
|
-$18.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$11.4M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$10.5M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$9.16M |
CAR Hedge Fund Activity: Q3 2024 in Review
271 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2024, worth a combined $3.1B — down 15% from $3.66B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new CAR positions and 41 closed out — a net gain of 5 holders — while 90 added to existing stakes and 92 trimmed.
The largest buyer was Amundi, adding an estimated $44.2M. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $23.7M sold.
- 271 institutional investors held Avis (CAR) as of Q3 2024, up from 267 in Q2 2024.
- Funds reported $3.1B of Avis stock for Q3 2024, down 15% quarter-over-quarter.
- 46 funds opened new Avis positions in Q3 2024 and 41 closed out, a net change of +5 holders.
- The largest Avis buyer in Q3 2024 was Amundi, an estimated $44.2M added.
- The largest Avis seller in Q3 2024 was Intrinsic Edge Capital Management, an estimated $23.7M sold.
Based on aggregated 13F filings for Q3 2024.