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Hertz
HTZ

251 hedge funds and large institutions have $3.77B invested in Hertz in 2023 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 65 increasing their positions, 106 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.56% less ownership

Funds ownership: 99.2% → 98.64% (-0.56%)

5% less funds holding

Funds holding: 263 → 251 (-12)

23% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 44

34% less capital invested

Capital invested by funds: $5.75B → $3.77B (-$1.98B)

39% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 106

43% less funds holding in top 10

Funds holding in top 10: 14 → 8 (-6)

52% less call options, than puts

Call options by funds: $56.2M | Put options by funds: $117M

Holders
251
Holders Change
-12
Holders Change %
-4.56%
% of All Funds
3.98%
Holding in Top 10
8
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-42.86%
% of All Funds
0.13%
New
34
Increased
65
Reduced
106
Closed
44
Calls
$56.2M
Puts
$117M
Net Calls
-$61.3M
Net Calls Change
-$16.5M

Top Buyers

1
PCM
Pentwater Capital Management
Florida
+$27.1M
2
VAS
VR Advisory Services
Cayman Islands
+$19.1M
3
Millennium Management
Millennium Management
New York
+$15.8M
4
PCM
PAR Capital Management
Massachusetts
+$15.3M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$14.8M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$48.5M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$46.4M
3
BlackRock
BlackRock
New York
-$36.2M
4
JCM
JS Capital Management
New York
-$17.5M
5
HAM
Honeycomb Asset Management
New York
-$14.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Point72 Asset Management
51
Point72 Asset Management
Connecticut
$3.93M – – –
NRG
52
Nemes Rush Group
Michigan
$3.92M – – –
SAM
53
Soviero Asset Management
New York
$3.92M -$4.32M -258,200 -45%
Bank of America
54
Bank of America
North Carolina
$3.87M -$3.68M -220,163 -41%
Swiss National Bank
55
Swiss National Bank
Switzerland
$3.83M – – –
HV
56
HST Ventures
Utah
$3.82M +$5.22M +312,058 New
UBS AM
57
UBS AM
Illinois
$3.02M -$563K -33,644 -12%
Capital Fund Management (CFM)
58
Capital Fund Management (CFM)
France
$2.95M +$1.57M +93,963 +64%
CCP
59
Clough Capital Partners
Massachusetts
$2.93M +$2.47M +147,800 +161%
TC
60
Tejara Capital
United Kingdom
$2.76M +$3.76M +225,000 New
KCM
61
Key Colony Management
Arkansas
$2.72M -$2.39M -143,000 -39%
Legal & General Group
62
Legal & General Group
United Kingdom
$2.67M -$218K -13,015 -6%
AIG
63
American International Group
New York
$2.31M -$819K -48,961 -21%
CS
64
Credit Suisse
Switzerland
$2.23M -$139K -8,332 -4%
State of Wisconsin Investment Board
65
State of Wisconsin Investment Board
Wisconsin
$2.2M +$78.7K +4,705 +3%
LCM
66
Landscape Capital Management
New Jersey
$2.19M +$2.98M +178,518 New
Wellington Management Group
67
Wellington Management Group
Massachusetts
$2.1M +$1.31M +78,176 +84%
CL
68
CSS LLC
Illinois
$2.1M -$1.51M -90,171 -34%
AllianceBernstein
69
AllianceBernstein
Tennessee
$2.09M -$880K -52,620 -24%
Retirement Systems of Alabama
70
Retirement Systems of Alabama
Alabama
$2.05M -$602K -36,010 -18%
APM
71
Advanced Portfolio Management
New York
$1.97M +$2.69M +160,693 New
VM
72
Venator Management
Pennsylvania
$1.93M -$10.9K -650 -0.4%
California State Teachers Retirement System (CalSTRS)
73
California State Teachers Retirement System (CalSTRS)
California
$1.9M -$272K -16,268 -9%
State of New Jersey Common Pension Fund D
74
State of New Jersey Common Pension Fund D
New Jersey
$1.87M – – –
Manulife (Manufacturers Life Insurance)
75
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.85M +$439K +26,229 +21%
1 2
3
4 5

HTZ Hedge Fund Activity: Q3 2023 in Review

251 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Hertz (HTZ) for Q3 2023, worth a combined $3.77B — down 34% from $5.75B a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of HTZ and 34 opened new positions — a net loss of 10 holders — while 106 trimmed existing stakes and 65 added.

The largest buyer was Pentwater Capital Management, adding an estimated $27.1M. The largest seller was Goldman Sachs, cutting an estimated $48.5M.

  • 251 institutional investors held Hertz (HTZ) as of Q3 2023, down from 263 in Q2 2023.
  • Funds reported $3.77B of Hertz stock for Q3 2023, down 34% quarter-over-quarter.
  • 34 funds opened new Hertz positions in Q3 2023 and 44 closed out, a net change of -10 holders.
  • The largest Hertz buyer in Q3 2023 was Pentwater Capital Management, an estimated $27.1M added.
  • The largest Hertz seller in Q3 2023 was Goldman Sachs, an estimated $48.5M sold.

Based on aggregated 13F filings for Q3 2023.