Which funds own CAR
Avis Budget Group Inc in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $52m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 3 managers trimmed or sold out against 0 buying.
- Managers holding
- 1
- at least, of 91 current
- Combined value
- $52m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 0
- already held
- Trimmed or sold out
- 3
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Discovery Capital Management LLC Macro · $2.4bn book | $52m | 2.2% | 353,848 | -$28m-194,829 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Hudson Bay Capital Management LP · Multi-strategy$73m held before
- Woodline Partners LP · Long/short equity$12m held before
Ownership through time
At least 1 of the 95 managers whose filings are on file listed CAR in Q2 2026, against 8 in Q2 2013. 2 managers fewer than in Q1 2026: 1 sold out, by its own filing; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 8
- Q3 2013: 7
- Q4 2013: 11
- Q1 2014: 16
- Q2 2014: 12
- Q3 2014: 14
- Q4 2014: 10
- Q1 2015: 9
- Q2 2015: 12
- Q3 2015: 4
- Q4 2015: 5
- Q1 2016: 4
- Q2 2016: 6
- Q3 2016: 6
- Q4 2016: 5
- Q1 2017: 4
- Q2 2017: 7
- Q3 2017: 6
- Q4 2017: 8
- Q1 2018: 8
- Q2 2018: 7
- Q3 2018: 4
- Q4 2018: 6
- Q1 2019: 6
- Q2 2019: 5
- Q3 2019: 7
- Q4 2019: 9
- Q1 2020: 8
- Q2 2020: 9
- Q3 2020: 6
- Q4 2020: 7
- Q1 2021: 8
- Q2 2021: 8
- Q3 2021: 9
- Q4 2021: 8
- Q1 2022: 6
- Q2 2022: 9
- Q3 2022: 9
- Q4 2022: 11
- Q1 2023: 10
- Q2 2023: 12
- Q3 2023: 12
- Q4 2023: 8
- Q1 2024: 7
- Q2 2024: 6
- Q3 2024: 5
- Q4 2024: 5
- Q1 2025: 3
- Q2 2025: 5
- Q3 2025: 3
- Q4 2025: 5
- Q1 2026: 3
- Q2 2026: 1
- Q2 2013: $169m
- Q3 2013: $193m
- Q4 2013: $377m
- Q1 2014: $962m
- Q2 2014: $1.1bn
- Q3 2014: $997m
- Q4 2014: $1.4bn
- Q1 2015: $1.3bn
- Q2 2015: $925m
- Q3 2015: $454m
- Q4 2015: $476m
- Q1 2016: $335m
- Q2 2016: $414m
- Q3 2016: $358m
- Q4 2016: $393m
- Q1 2017: $338m
- Q2 2017: $436m
- Q3 2017: $496m
- Q4 2017: $801m
- Q1 2018: $453m
- Q2 2018: $189m
- Q3 2018: $156m
- Q4 2018: $127m
- Q1 2019: $264m
- Q2 2019: $272m
- Q3 2019: $276m
- Q4 2019: $441m
- Q1 2020: $114m
- Q2 2020: $146m
- Q3 2020: $133m
- Q4 2020: $213m
- Q1 2021: $732m
- Q2 2021: $940m
- Q3 2021: $1.3bn
- Q4 2021: $2.2bn
- Q1 2022: $2.2bn
- Q2 2022: $1.3bn
- Q3 2022: $1.3bn
- Q4 2022: $1.2bn
- Q1 2023: $1.4bn
- Q2 2023: $1.5bn
- Q3 2023: $1.2bn
- Q4 2023: $897m
- Q1 2024: $145m
- Q2 2024: $137m
- Q3 2024: $127m
- Q4 2024: $130m
- Q1 2025: $113m
- Q2 2025: $231m
- Q3 2025: $58m
- Q4 2025: $63m
- Q1 2026: $165m
- Q2 2026: $52m
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
No manager on file started a position.
Largest increases, by shares
No manager on file bought more.
Largest decreases, by shares
- Discovery Capital Management LLC548,677 to 353,848 shares-$29m
Left it
- Hudson Bay Capital Management LPwas $73m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Discovery Capital Management LLC | Q3 2013 | $80m | $52m | |
| Fidelity (FMR LLC) | Q4 2017 | $1.9bn | last listed Q4 2023 | |
| Glenview Capital Management LLC | Q1 2014 | $419m | last listed Q1 2025 | |
| Tiger Global Management LLC | Q2 2013 | $338m | last listed Q1 2015 | |
| Viking Global Investors LP | Q4 2014 | $333m | last listed Q2 2022 | |
| Two Sigma Investments LP | Q2 2013 | $161m | last listed Q2 2025 | |
| Two Sigma Advisers LP | Q2 2013 | $152m | last listed Q2 2025 | |
| First Eagle Investment Management LLC | Q2 2013 | $146m | last listed Q2 2015 | |
| D. E. Shaw & Co. | Q1 2014 | $135m | last listed Q2 2025 | |
| Altimeter Capital Management LP | Q2 2013 | $124m | last listed Q2 2017 | |
| Renaissance Technologies LLC | Q1 2014 | $121m | last listed Q1 2023 |
What CAR is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around CAR →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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