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Hertz
HTZ

264 hedge funds and large institutions have $5.24B invested in Hertz in 2023 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 79 increasing their positions, 81 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 43

9% more funds holding

Funds holding: 243 → 264 (+21)

7% more capital invested

Capital invested by funds: $4.88B → $5.24B (+$359M)

4.07% more ownership

Funds ownership: 95.79% → 99.87% (+4.1%)

2% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 81

16% less funds holding in top 10

Funds holding in top 10: 19 → 16 (-3)

32% less call options, than puts

Call options by funds: $73.3M | Put options by funds: $107M

Holders
264
Holders Change
+21
Holders Change %
+8.64%
% of All Funds
4.21%
Holding in Top 10
16
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-15.79%
% of All Funds
0.25%
New
66
Increased
79
Reduced
81
Closed
43
Calls
$73.3M
Puts
$107M
Net Calls
-$34M
Net Calls Change
-$132M

Top Buyers

1
BlackRock
BlackRock
New York
+$151M
2
State Street
State Street
Massachusetts
+$29.5M
3
JCM
JS Capital Management
New York
+$22.2M
4
TP
Third Point
New York
+$17.4M
5
UBS Group
UBS Group
Switzerland
+$15.9M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$26.2M
2
OCM
Oaktree Capital Management
California
-$26.2M
3
Bank of America
Bank of America
North Carolina
-$23.2M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$19.6M
5
PCM
Pentwater Capital Management
Florida
-$18.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Nuveen
North Carolina
$17.9M -$872K -49,980 -4%
DCM
27
DG Capital Management
New York
$17.5M +$654K +37,527 +4%
AQR Capital Management
28
AQR Capital Management
Connecticut
$16.2M -$298K -17,080 -2%
Charles Schwab
29
Charles Schwab
California
$15.5M -$535K -30,700 -3%
Morgan Stanley
30
Morgan Stanley
New York
$15.1M -$11.8M -674,526 -42%
AFA
31
Alta Fundamental Advisers
New York
$13.5M -$436K -25,000 -3%
Ameriprise
32
Ameriprise
Minnesota
$13.3M +$10.3M +592,069 +264%
CCM
33
Carronade Capital Management
Connecticut
$13M +$872K +50,000 +7%
Norges Bank
34
Norges Bank
Norway
$12.6M -$5.89M -337,745 -30%
QOP
35
Quinn Opportunity Partners
Virginia
$12.3M – – –
Adage Capital Partners
36
Adage Capital Partners
Massachusetts
$12.2M +$13.1M +750,000 New
Principal Financial Group
37
Principal Financial Group
Iowa
$10.4M +$10.9M +622,157 +3,436%
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$10.4M +$2.48M +142,392 +29%
LCM
39
Lonestar Capital Management
California
$10.2M +$7.24M +415,000 +198%
CC
40
Clearline Capital
New York
$10.1M +$4.41M +252,844 +69%
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$8.24M +$5.29M +303,433 +150%
Bank of America
42
Bank of America
North Carolina
$8.12M -$23.2M -1,330,293 -73%
TSC
43
Two Seas Capital
New York
$8.02M -$5.57M -319,379 -39%
TD Asset Management
44
TD Asset Management
Ontario, Canada
$7.78M -$436K -25,000 -5%
KCM
45
Key Colony Management
Arkansas
$7.41M -$9.07M -520,000 -53%
Balyasny Asset Management
46
Balyasny Asset Management
Illinois
$7.39M -$2.95M -169,199 -27%
YCM
47
Yost Capital Management
Texas
$7.09M -$1.06M -61,000 -12%
Invesco
48
Invesco
Georgia
$7.08M -$11.1M -635,391 -59%
Renaissance Technologies
49
Renaissance Technologies
New York
$6.05M -$4.39M -251,900 -40%
WMSA
50
Weiss Multi-Strategy Advisers
New York
$5.83M +$6.24M +357,644 New
1
2
3 4 5

HTZ Hedge Fund Activity: Q1 2023 in Review

264 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Hertz (HTZ) for Q1 2023, worth a combined $5.24B — up 7.3% from $4.88B a quarter earlier.

Buyers outnumbered sellers: 66 funds opened new HTZ positions and 43 closed out — a net gain of 23 holders — while 79 added to existing stakes and 81 trimmed.

The largest buyer was BlackRock, adding an estimated $151M. The largest seller was Citadel Advisors, cutting an estimated $26.2M.

  • 264 institutional investors held Hertz (HTZ) as of Q1 2023, up from 243 in Q4 2022.
  • Funds reported $5.24B of Hertz stock for Q1 2023, up 7.3% quarter-over-quarter.
  • 66 funds opened new Hertz positions in Q1 2023 and 43 closed out, a net change of +23 holders.
  • The largest Hertz buyer in Q1 2023 was BlackRock, an estimated $151M added.
  • The largest Hertz seller in Q1 2023 was Citadel Advisors, an estimated $26.2M sold.

Based on aggregated 13F filings for Q1 2023.