Avis Budget Group, Inc.: which funds bought and sold

Institutions that bought and sold Avis Budget Group shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 141 institutions that filed 13F reports for both quarters added to or opened positions in Avis Budget Group, and 157 cut or closed them. Together they sold a net 8.5M shares, −17.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 5.6M shares (−21.1%); index fund managers were net buyers of 61K shares (+1.3%). 59 opened a new position and 54 sold out entirely.

Bought, Q2 2026 141 institutions, 59 of them new holders Sold, Q2 2026 157 institutions, 54 of them sold out

Net change, all compared −8.5M shares (−17.1%)

Net change, active managers −5.6M shares (−21.1%), 25 bought, 22 sold

Buyers versus sellers

institutions compared, 347

141 bought 49 157 sold

Active managers and hedge funds 25 bought · 22 sold · −5.6M

Index fund managers 6 bought · 4 sold · +61K

Other institutions 110 bought · 131 sold · −3.0M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Nomura Holdings Inc	+1.1M +194.1%	1.6M	$237M
SG Americas Securities, LLC	+721K +47435.4%	722K	$107M
National Bank Of Canada	+573K +68.3%	1.4M	$209M
Allianz Asset Management Gmbh	+360K +181.7%	559K	$82.6M
Nearwater Capital Markets, Ltd	+235K New position	235K	$34.7M
Renaissance Technologies LLC Hedge fund	+211K New position	211K	$31.2M
Amundi	+170K +218.6%	248K	$36.7M
Bank Of Nova Scotia	+157K +98.6%	316K	$46.7M
Mizuho Markets Americas LLC	+100K +25.0%	500K	$73.9M
Goldman Sachs Group Inc	+92K +55.5%	258K	$38.2M
Vanguard Capital Management LLC Index funds	+62K +8.5%	789K	$117M
First Trust Advisors LP	+55K +271.8%	75K	$11.1M
Hennessy Advisors Inc	+54K New position	54K	$8M
Russell Investments Group, Ltd.	+50K +2014.5%	52K	$7.7M
Vanguard Portfolio Management LLC Index funds	+47K +6.6%	756K	$112M
Natixis	+45K +13.2%	385K	$56.9M
LMR Partners LLP Hedge fund	+41K New position	41K	$6.1M
Man Group PLC Hedge fund	+39K New position	39K	$5.8M
Tudor Investment Corp Et Al Hedge fund	+38K New position	38K	$5.6M
Squarepoint Ops LLC Hedge fund	+38K New position	38K	$5.6M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Renaissance Technologies LLC Hedge fund	+211K New position	211K	$31.2M
LMR Partners LLP Hedge fund	+41K New position	41K	$6.1M
Man Group PLC Hedge fund	+39K New position	39K	$5.8M
Tudor Investment Corp Et Al Hedge fund	+38K New position	38K	$5.6M
Squarepoint Ops LLC Hedge fund	+38K New position	38K	$5.6M
Jacobs Levy Equity Management, Inc Active manager	+21K New position	21K	$3M
Walleye Capital LLC Hedge fund	+14K +159844.4%	14K	$2.1M
Two Sigma Investments, LP Hedge fund	+13K +88.9%	28K	$4.2M
Exoduspoint Capital Management, LP Hedge fund	+12K +100.9%	25K	$3.7M
Intech Investment Management LLC Active manager	+11K New position	11K	$1.6M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Pentwater Capital Management LP Hedge fund	−4.5M −64.3%	2.5M	$372M
UBS Group AG	−1.8M −41.9%	2.5M	$375M
Bank Of America Corp	−1.4M −93.7%	90K	$13.3M
ING Groep NV	−1.2M Sold out	0	—
Hudson Bay Capital Management LP Hedge fund	−500K Sold out	0	—
Dimensional Fund Advisors LP	−273K −76.4%	84K	$12.4M
Assenagon Asset Management S.A.	−243K −77.0%	73K	$10.7M
BNP Paribas Financial Markets	−217K −90.8%	22K	$3.2M
FMR LLC Active manager	−207K −71.8%	81K	$12M
CIBC World Market Inc.	−200K −28.6%	500K	$73.9M
PAR Capital Management Inc Hedge fund	−200K Sold out	0	—
CIBC Bancorp Usa Inc.	−200K −28.6%	500K	$73.9M
Discovery Capital Management, LLC / Ct Hedge fund	−195K −35.5%	354K	$52.3M
Healthcare Of Ontario Pension Plan Trust Fund	−180K Sold out	0	—
Barclays PLC	−158K −68.6%	72K	$10.7M
Mufg Securities Emea PLC	−145K −72.5%	55K	$8.1M
Susquehanna International Group, LLP	−107K Sold out	0	—
Deutsche Bank Ag\	−94K −73.2%	34K	$5.1M
Maple Rock Capital Partners Inc. Hedge fund	−92K Sold out	0	—
Foursixthree Capital LP	−90K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Pentwater Capital Management LP Hedge fund	−4.5M −64.3%	2.5M	$372M
Hudson Bay Capital Management LP Hedge fund	−500K Sold out	0	—
FMR LLC Active manager	−207K −71.8%	81K	$12M
PAR Capital Management Inc Hedge fund	−200K Sold out	0	—
Discovery Capital Management, LLC / Ct Hedge fund	−195K −35.5%	354K	$52.3M
Maple Rock Capital Partners Inc. Hedge fund	−92K Sold out	0	—
D. E. Shaw & Co., Inc. Hedge fund	−86K −72.2%	33K	$4.9M
Woodline Partners LP Hedge fund	−85K Sold out	0	—
Jupiter Asset Management Ltd Active manager	−78K Sold out	0	—
Sculptor Capital LP Hedge fund	−50K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Nearwater Capital Markets, Ltd	235K	$34.7M
Renaissance Technologies LLCHedge fund	211K	$31.2M
Hennessy Advisors Inc	54K	$8M
LMR Partners LLPHedge fund	41K	$6.1M
Man Group PLCHedge fund	39K	$5.8M
Tudor Investment Corp Et AlHedge fund	38K	$5.6M
Squarepoint Ops LLCHedge fund	38K	$5.6M
Quinn Opportunity Partners LLC	29K	$4.3M
Orion Porfolio Solutions, LLC	21K	$3.2M
Jacobs Levy Equity Management, IncActive manager	21K	$3M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
ING Groep NV	1.2M	$179M
Hudson Bay Capital Management LPHedge fund	500K	$72.9M
PAR Capital Management IncHedge fund	200K	$29.2M
Healthcare Of Ontario Pension Plan Trust Fund	180K	$26.3M
Susquehanna International Group, LLP	107K	$15.6M
Maple Rock Capital Partners Inc.Hedge fund	92K	$13.5M
Foursixthree Capital LP	90K	$13.1M
Woodline Partners LPHedge fund	85K	$12.3M
Jupiter Asset Management LtdActive manager	78K	$11.3M
Sculptor Capital LPHedge fund	50K	$7.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 300
Ten largest holders: 78.0%
Index fund managers: 11.3%
Active managers and hedge funds: 50.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	25	22	15	10	−5.6M	−21.1%
Index fund managers	6	4	0	0	+61K	+1.3%
Other institutions	110	131	44	44	−3.0M	−15.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Avis Budget Group.

Only managers that filed a holdings report for both quarters are compared (347 here). 11 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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