Will Avis Budget Group’s Latest Acquisition Give Drive To These Top Institutional Shareholders?

Avis Budget Group (NYSE:CAR) is acquiring ZipCar Inc. (NASDAQ:ZIP) for $500 million in an effort to gain entry into the rapidly-growing car sharing market in the United States. The all-cash offer of $12.25 per share represents a premium of 49% to ZipCar’s closing price this past Monday. Avis is looking to save from $50-$70 million in annual synergies and the deal is expected to contribute to earnings from the second year onwards.

Will Avis Budget Group’s shareholders increase their holdings? They reported owning a total of 227.802 million shares on 09/30/2012. The shares closed at $15.38 on 09/30/2012.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Here are the ten largest positions in Avis Budget Group, Inc. at the end of September 30th, 2012.

Oaktree Capital Management L.P. held 33,250,000 shares on 09/30/2012 worth $40,671,000. This brought the portfolio total to 0.7%.

AQR Capital Management LLC. held 17,395,000 shares on 09/30/2012 worth $21,320,000. This brought the portfolio total to 0.1%.

Wolverine Asset Management LLC. held 10,915,000 shares on 09/30/2012 worth $13,326,000. This brought the portfolio total to 0.32%.

Srs Investment Management LLC. held 10,000,000 shares on 09/30/2012 worth $153,800,001. This brought the portfolio total to 18.08%.

Shenkman Capital Management Inc. held 9,135,000 shares on 09/30/2012 worth $11,157,000. This brought the portfolio total to 1.79%.

Dimensional Fund Advisors L.P. held 8,936,561 shares on 09/30/2012 worth $137,444,309. This brought the portfolio total to 0.16%.

Mackay Shields LLC. held 8,278,000 shares on 09/30/2012 worth $10,106,000. This brought the portfolio total to 0.47%.

J.P Morgan Chase & Co. held 7,400,000 shares on 09/30/2012 worth $9,033,000. This brought the portfolio total to 0.0%.

Par Capital Management Inc. held 7,375,751 shares on 09/30/2012 worth $113,439,051. This brought the portfolio total to 5.05%.

Invesco Ltd. held 7,365,000 shares on 09/30/2012 worth $8,990. This brought the portfolio total to 0.0%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

CAR