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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
KCM
1
Knighthead Capital Management
New York
$2.22B – – –
BlackRock
2
BlackRock
New York
$154M -$36.2M -2,166,181 -15%
Vanguard Group
3
Vanguard Group
Pennsylvania
$150M -$8.74M -522,578 -4%
TP
4
Third Point
New York
$91.8M +$2.93M +175,094 +2%
MAMNY
5
Marathon Asset Management (New York)
New York
$82.8M – – –
PCM
6
Pentwater Capital Management
Florida
$67.4M +$27.1M +1,619,000 +42%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$63.9M +$14.8M +886,614 +20%
RCMNY
8
Rubric Capital Management (New York)
New York
$63.3M -$9.29M -555,636 -10%
Goldman Sachs
9
Goldman Sachs
New York
$63.1M -$48.5M -2,901,563 -36%
DCM
10
Discovery Capital Management
Connecticut
$57.6M -$10.9M -651,000 -12%
State Street
11
State Street
Massachusetts
$53.5M -$5.48M -327,773 -7%
JP Morgan Chase
12
JP Morgan Chase
New York
$51.6M +$1.82M +108,553 +3%
Citadel Advisors
13
Citadel Advisors
Florida
$41.6M +$264K +15,768 +0.5%
CP
14
CPV Partners
Connecticut
$39.3M – – –
VAS
15
VR Advisory Services
Cayman Islands
$39.1M +$19.1M +1,141,880 +56%
Allianz Asset Management
16
Allianz Asset Management
Germany
$30.9M +$1.29M +77,400 +3%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$27.8M -$3.31M -197,763 -8%
AQR Capital Management
18
AQR Capital Management
Connecticut
$18.4M +$8.21M +491,180 +49%
First Trust Advisors
19
First Trust Advisors
Illinois
$17.7M -$514K -30,759 -2%
Norges Bank
20
Norges Bank
Norway
$17.6M +$12M +718,886 +100%
UBS Group
21
UBS Group
Switzerland
$16.8M +$6.24M +373,347 +37%
DCM
22
DG Capital Management
New York
$15.9M +$2.77M +165,370 +15%
Millennium Management
23
Millennium Management
New York
$15.8M +$15.8M +944,594 +273%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$15.7M -$2.68M -160,108 -11%
Ameriprise
25
Ameriprise
Minnesota
$14.9M -$546K -32,655 -3%
1
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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.