Hertz
HTZ
268 hedge funds and large institutions have $2.38B invested in Hertz in 2024 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 88 increasing their positions, 85 reducing their positions, and 48 closing their positions.
1.2% more ownership
Funds ownership: 98.18% → 99.38% (+1.2%)
4% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 48
4% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 85
0% less funds holding
Funds holding: 269 → 268 (-1)
16% less call options, than puts
Call options by funds: $61.5M | Put options by funds: $73.6M
24% less capital invested
Capital invested by funds: $3.13B → $2.38B (-$749M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$31.1M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$8.62M |
| 3 |
Squarepoint
New York
|
+$8.17M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$7.01M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$20.4M |
| 2 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$18.2M |
| 3 |
Morgan Stanley
New York
|
-$15.1M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$11.8M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$7.23M |
HTZ Hedge Fund Activity: Q1 2024 in Review
268 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Hertz (HTZ) for Q1 2024, worth a combined $2.38B — down 24% from $3.13B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new HTZ positions and 48 closed out — a net gain of 2 holders — while 88 added to existing stakes and 85 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $31.1M. The largest seller was Discovery Capital Management, cutting an estimated $20.4M.
- 268 institutional investors held Hertz (HTZ) as of Q1 2024, down from 269 in Q4 2023.
- Funds reported $2.38B of Hertz stock for Q1 2024, down 24% quarter-over-quarter.
- 50 funds opened new Hertz positions in Q1 2024 and 48 closed out, a net change of +2 holders.
- The largest Hertz buyer in Q1 2024 was JP Morgan Chase, an estimated $31.1M added.
- The largest Hertz seller in Q1 2024 was Discovery Capital Management, an estimated $20.4M sold.
Based on aggregated 13F filings for Q1 2024.