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Hertz
HTZ

234 hedge funds and large institutions have $5.4B invested in Hertz in 2022 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 65 increasing their positions, 75 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more call options, than puts

Call options by funds: $168M | Put options by funds: $91.1M

18% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 40

6.25% more ownership

Funds ownership: 85.84% → 92.1% (+6.3%)

5% more funds holding in top 10

Funds holding in top 10: 22 → 23 (+1)

2% more funds holding

Funds holding: 229 → 234 (+5)

4% less capital invested

Capital invested by funds: $5.61B → $5.4B (-$202M)

13% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 75

Holders
234
Holders Change
+5
Holders Change %
+2.18%
% of All Funds
4.03%
Holding in Top 10
23
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+4.55%
% of All Funds
0.4%
New
47
Increased
65
Reduced
75
Closed
40
Calls
$168M
Puts
$91.1M
Net Calls
+$76.6M
Net Calls Change
-$27.2M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$34.2M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$29.5M
3
Bank of America
Bank of America
North Carolina
+$29.5M
4
UBS Group
UBS Group
Switzerland
+$25.5M
5
KCM
Key Colony Management
Arkansas
+$18.2M

Top Sellers

Rank Fund Capital Flow
1
KSCM
King Street Capital Management
New York
-$250M
2
FIG
Fortress Investment Group
New York
-$58M
3
JCM
JS Capital Management
New York
-$38.1M
4
Citigroup
Citigroup
New York
-$26.6M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$24.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
KCM
1
Knighthead Capital Management
New York
$2.95B – – –
Vanguard Group
2
Vanguard Group
Pennsylvania
$268M -$24.9M -1,325,386 -7%
OCM
3
Oaktree Capital Management
California
$170M -$21.2M -1,129,700 -10%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$169M -$21.6M -1,152,107 -10%
Goldman Sachs
5
Goldman Sachs
New York
$166M -$21.9M -1,165,832 -10%
RCMNY
6
Rubric Capital Management (New York)
New York
$137M -$13.8M -735,185 -8%
BlackRock
7
BlackRock
New York
$128M +$34.2M +1,824,897 +30%
MAMNY
8
Marathon Asset Management (New York)
New York
$122M -$3.75M -200,000 -3%
DCM
9
Discovery Capital Management
Connecticut
$107M -$563K -30,000 -0.5%
TP
10
Third Point
New York
$87.1M -$17.1M -910,000 -15%
JP Morgan Chase
11
JP Morgan Chase
New York
$72.1M -$5.99M -319,498 -7%
State Street
12
State Street
Massachusetts
$61.4M +$5.25M +280,035 +8%
RL
13
Ruffer LLP
United Kingdom
$60.7M +$12.7M +677,327 +24%
CP
14
CPV Partners
Connecticut
$52.3M – – –
PCM
15
Pentwater Capital Management
Florida
$51.2M +$1.13M +60,000 +2%
Allianz Asset Management
16
Allianz Asset Management
Germany
$46.3M -$17.1M -910,807 -24%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$41.8M +$18M +958,442 +60%
UBS Group
18
UBS Group
Switzerland
$39.6M +$25.5M +1,360,465 +127%
VAS
19
VR Advisory Services
Cayman Islands
$35M – – –
Invesco
20
Invesco
Georgia
$33M +$1.63M +87,059 +4%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$27.2M +$29.5M +1,573,983 +1,672%
Bank of America
22
Bank of America
North Carolina
$26.8M +$29.5M +1,572,507 +2,150%
JCM
23
JS Capital Management
New York
$26.1M -$38.1M -2,032,039 -56%
KCM
24
Key Colony Management
Arkansas
$22.5M +$18.2M +969,900 +237%
TSC
25
Two Seas Capital
New York
$20M -$17.5M -930,430 -43%
1
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HTZ Hedge Fund Activity: Q3 2022 in Review

234 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Hertz (HTZ) for Q3 2022, worth a combined $5.4B — down 3.6% from $5.61B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new HTZ positions and 40 closed out — a net gain of 7 holders — while 65 added to existing stakes and 75 trimmed.

The largest buyer was BlackRock, adding an estimated $34.2M. The largest seller was King Street Capital Management, cutting an estimated $250M.

  • 234 institutional investors held Hertz (HTZ) as of Q3 2022, up from 229 in Q2 2022.
  • Funds reported $5.4B of Hertz stock for Q3 2022, down 3.6% quarter-over-quarter.
  • 47 funds opened new Hertz positions in Q3 2022 and 40 closed out, a net change of +7 holders.
  • The largest Hertz buyer in Q3 2022 was BlackRock, an estimated $34.2M added.
  • The largest Hertz seller in Q3 2022 was King Street Capital Management, an estimated $250M sold.

Based on aggregated 13F filings for Q3 2022.