Pentwater Capital Management LP: AVIS BUDGET GROUP INC (CAR): Quarterly 13F Position History
As of Q2 2026, Pentwater Capital Management LP reported 2,513,300 shares of AVIS BUDGET GROUP INC (CAR), worth $371.5M and representing 3.0% of its 13F equity book. Quarter-over-quarter share count change: 4,535,000 (-64.3%) . The position first appeared in Q4 2021 and has been disclosed across 19 13F-HR filings in Pactolio's tracked window.
- 2,513,300Shares Held (Latest Filing)
- $371.5MReported Market Value (Latest Filing)
- 3.0%Portfolio Weight (% of 13F Equity Book)
- 4,535,000Quarter-over-Quarter Share Change
- -$656.5MQuarter-over-Quarter Value Change
- 7,048,300Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 19 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 2,513,300 | 4,535,000 | -64.3% | $371.5M | 3.0% | $147.8 |
| Q1 2026 | 7,048,300 | +3,946,900 | +127.3% | $1.0B | 7.3% | $145.8 |
| Q4 2025 | 3,101,400 | 61,600 | -1.9% | $398.0M | 2.9% | $128.3 |
| Q3 2025 | 3,163,000 | +893,000 | +39.3% | $507.9M | 4.6% | $160.6 |
| Q2 2025 | 2,270,000 | 50,000 | -2.2% | $383.7M | 4.9% | $169.1 |
| Q1 2025 | 2,320,000 | +1,695,000 | +271.2% | $176.1M | 2.5% | $75.9 |
| Q4 2024 | 625,000 | +148,000 | +31.0% | $50.4M | 0.9% | $80.6 |
| Q3 2024 | 477,000 | +307,000 | +180.6% | $41.8M | 0.8% | $87.6 |
| Q2 2024 | 170,000 | +102,000 | +150.0% | $17.8M | 0.4% | $104.5 |
| Q1 2024 | 68,000 | +68,000 | – | $8.3M | 0.1% | $122.5 |
| Q4 2023 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2023 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2023 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2023 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2022 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2022 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2022 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2022 | 0 | 43,258 | -100.0% | $0 | 0.0% | – |
| Q4 2021 | 43,258 | – | – | $9.0M | 0.1% | $207.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Pentwater Capital Management LP first disclose a CAR position in 13F-HR filings?
Pentwater Capital Management LP first reported AVIS BUDGET GROUP INC (CAR) on its 13F-HR filing for the period ending 2021-12-31 (Q4 2021). The position has appeared on 19 reported quarters within Pactolio's tracked window.
What was Pentwater Capital Management LP's most recent quarter-over-quarter share-count change in CAR?
Between Q1 2026 and Q2 2026, Pentwater Capital Management LP reduced its CAR position by 4,535,000 shares (-64.3%), leaving 2,513,300 shares at a market value of $371.5M.
Does the implied price-per-share represent Pentwater Capital Management LP's cost basis in CAR?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.