Avis Budget GroupCAR

13F holders, Q3 2025 (September 30)
291holders +2
51new positions
45sold out
8famous investors
$160.55avg. 13F price*

At the end of Q3 2025, 291 institutions reported holding Avis Budget Group Inc. (CAR) in their 13F filings, up 2 from Q2 2025. 51 opened new positions and 45 sold out. The largest holders were SRS Investment Management, LLC ($2.8B), Pentwater Capital Management LP ($507.9M) and UBS Group AG ($346.8M). 8 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio) and Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio).

Company
Avis Budget Group Inc.
CUSIP
053774105
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 260Q1 2024Q2 2024: 267Q2 2024Q3 2024: 271Q3 2024Q4 2024: 260Q4 2024Q1 2025: 263Q1 2025Q2 2025: 289Q2 2025Q3 2025: 291Q3 2025Q4 2025: 303Q4 2025Q1 2026: 294Q1 2026Q2 2026: 303Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions51$169.4M
Exits45$153.2M

All 13F filers, Q2 2025 → Q3 2025: 6,303,338 shares bought and 2,943,819 shares sold, net +3,359,519 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 291 holders

SRS Investment Management, LLC 30.48% No change 17,430,882 $2.8B
Pentwater Capital Management LP 4.56% Add +39.3% 3,163,000 $507.9M
UBS Group AG 0.07% Add +10.7% 2,159,993 $346.8M
HSBC Holdings PLC 0.16% Add +9.7% 1,702,313 $272.3M
BlackRock, Inc. 0.00% Reduce -3.3% 1,612,245 $258.9M
Vanguard Group Inc. 0.00% Reduce -2.4% 1,542,095 $247.6M
Nomura Holdings Inc. 1.23% Add +40.5% 1,490,083 $239.3M
Morgan Stanley 0.01% Add +2.5% 1,430,101 $229.6M
National Bank of Canada 0.23% Add +46.5% 1,290,000 $207.1M
Bank of America Corp. 0.01% Add +266.5% 1,217,699 $195.5M
FMR LLC 0.01% Reduce -2.2% 1,060,376 $170.3M
ING Groep NV 0.90% Add +440.2% 1,035,000 $166.2M
JPMorgan Chase & Co. 0.01% Add +25.0% 708,780 $113.8M
State Street Corp. 0.00% Reduce -2.4% 696,159 $111.8M
CIBC Bancorp USA Inc. 0.59% — 610,000 $98.0M
Cibc World Market Inc. 0.13% New 400,005 $64.2M
Assenagon Asset Management S.A. 0.09% Add +62.7% 384,401 $61.7M
Geode Capital Management, LLC 0.00% Add +1.9% 338,188 $54.3M
Royal Bank of Canada 0.01% Add +0.9% 316,577 $50.8M
BNP Paribas Financial Markets 0.04% Reduce -11.3% 282,970 $45.4M
D. E. Shaw & Co. 0.04% Reduce -54.7% 281,088 $45.1M
Voloridge Investment Management, LLC 0.14% Add +457.9% 256,177 $41.1M
Mizuho Markets Americas LLC 0.85% No change 250,000 $40.1M
Healthcare of Ontario Pension Plan Trust Fund 0.07% New 243,000 $39.0M
Charles Schwab Investment Management Inc. 0.01% Reduce -0.3% 224,004 $36.0M
Dimensional Fund Advisors LP 0.01% Add +8.8% 216,244 $34.7M
Par Capital Management Inc. 0.95% Reduce -37.5% 200,000 $32.1M
Invesco Ltd. 0.01% Add +45.8% 195,734 $31.4M
Citadel Advisors 0.02% Add +640.6% 156,529 $25.1M
Bank of Montreal 0.01% Add +5766.6% 152,531 $24.5M
Renaissance Technologies 0.03% New 149,780 $24.1M
Northern Trust Corp. 0.00% Reduce -2.6% 148,851 $23.9M
Allianz Asset Management GmbH 0.03% Reduce -14.9% 143,103 $23.0M
Goldman Sachs Group Inc. 0.00% Reduce -60.6% 127,098 $20.4M
Bank of New York Mellon Corp 0.00% Reduce -1.6% 123,024 $19.8M
Natixis 0.10% Add +120704.1% 117,180 $18.8M
Quantbot Technologies LP 0.33% Add +529.0% 76,658 $12.3M
Two Sigma Investments, LP 0.02% Reduce -80.9% 65,091 $10.5M
First Trust Advisors LP 0.01% Add +121.4% 63,101 $10.1M
Point72 Asset Management 0.02% New 61,300 $9.8M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +215.2% 60,346 $9.7M
Rhumbline Advisers 0.01% Reduce -2.3% 52,069 $8.4M
Susquehanna Fundamental Investments, LLC 0.28% Reduce -34.5% 45,210 $7.3M
Tudor Investment Corporation 0.05% Add +258.2% 43,313 $7.0M
Jump Financial, LLC 0.09% New 41,710 $6.7M
Principal Financial Group Inc. 0.00% Reduce -2.2% 37,549 $6.0M
Intech Investment Management LLC 0.05% Add +203.8% 37,467 $6.0M
Schonfeld Strategic Advisors LLC 0.04% Add +2974.1% 36,705 $5.9M
Citigroup Inc. 0.00% Add +1.9% 36,416 $5.8M
Squarepoint Ops LLC 0.01% Add +184.7% 34,927 $5.6M
Nuveen, LLC 0.00% Add +1.9% 34,276 $5.5M
Swiss National Bank 0.00% Add +1.5% 34,100 $5.5M
Voleon Capital Management LP 0.12% Add +1099.4% 31,209 $5.0M
Legal & General Group Plc 0.00% Reduce -0.2% 30,973 $5.0M
Retirement Systems of Alabama 0.02% Add +49.3% 30,825 $4.9M
Quantinno Capital Management LP 0.01% Add +17.6% 27,382 $4.4M
First Manhattan Co. Llc. 0.01% Reduce -26.8% 27,187 $4.4M
Barclays PLC 0.00% Reduce -89.2% 26,949 $4.3M
Caxton Associates LLP 0.12% Reduce -4.2% 26,229 $4.2M
Quadrature Capital Ltd 0.05% Reduce -3.0% 25,039 $4.0M
Wolverine Asset Management LLC 0.25% Reduce -4.9% 22,614 $3.6M
Canada Pension Plan Investment Board 0.00% No change 22,600 $3.6M
Twin Tree Management, LP 0.16% Add +44.4% 21,133 $3.4M
Millennium Management 0.00% Add +518.0% 19,672 $3.2M
New York State Teachers Retirement System 0.01% No change 19,534 $3.1M
Creative Planning 0.00% Reduce -10.8% 19,456 $3.1M
Edgestream Partners, L.P. 0.09% Reduce -22.7% 19,159 $3.1M
Ameriprise Financial Inc. 0.00% Reduce -7.3% 18,872 $3.0M
Alliancebernstein L.P. 0.00% Reduce -1.1% 18,653 $3.0M
Susquehanna Portfolio Strategies, LLC 0.05% Add +37.6% 18,201 $2.9M
Victory Capital Management Inc. 0.00% Reduce -12.2% 17,722 $2.8M
Neo Ivy Capital Management 0.69% Add +704.2% 17,548 $2.8M
Manufacturers Life Insurance Company, The 0.00% Add +9.6% 17,493 $2.8M
State of Wisconsin Investment Board 0.01% Reduce -18.1% 17,092 $2.7M
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% New 16,978 $2.7M
California State Teachers Retirement System 0.00% Add +0.0% 16,441 $2.6M
ExodusPoint Capital Management, LP 0.04% New 16,031 $2.6M
Mitsubishi UFJ Trust & Banking Corp 0.01% Add +1443.0% 15,955 $2.6M
T. Rowe Price Associates Inc. 0.00% Add +6.0% 15,701 $2.5M
Raymond James Financial Inc. 0.00% Reduce -12.7% 14,560 $2.3M
Engineers Gate Manager LP 0.03% New 14,470 $2.3M
State Board of Administration of Florida Retirement System 0.00% Reduce -2.6% 14,115 $2.3M
O'shaughnessy Asset Management, LLC 0.01% Add +178.4% 13,441 $2.2M
Bridgewater Associates 0.01% New 10,883 $1.7M
Whitebox Advisors LLC 0.11% Add +1.9% 10,771 $1.7M
Headlands Technologies LLC 0.14% New 10,767 $1.7M
CANADA LIFE ASSURANCE Co 0.00% Add +1.4% 10,361 $1.7M
Deutsche Bank AG 0.00% Add +0.9% 10,375 $1.7M
Ritholtz Wealth Management 0.03% Add +190.9% 10,309 $1.7M
Aquatic Capital Management LLC 0.03% Reduce -1.5% 9,810 $1.6M
Summit Trail Advisors, LLC 0.02% New 9,793 $1.6M
Occudo Quantitative Strategies LP 0.18% Add +478.0% 9,127 $1.5M
III Capital Management 0.37% Reduce -14.3% 9,000 $1.4M
MetLife Investment Management, LLC 0.01% New 8,957 $1.4M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -12.3% 8,897 $1.4M
LMR Partners LLP 0.03% New 8,813 $1.4M
AlphaQuest LLC 0.09% New 8,643 $1.4M
New York State Common Retirement Fund 0.00% No change 8,228 $1.3M
Amalgamated Bank 0.01% Add +0.1% 7,877 $1.3M
Mutual of America Capital Management LLC 0.01% Reduce -7.1% 7,802 $1.3M
State of Tennessee, Department of Treasury 0.00% Add +19.1% 7,744 $1.2M
First Citizens Bank & Trust Co. 0.03% Reduce -38.1% 7,617 $1.2M
Treasurer of the State of North Carolina 0.00% Reduce -3.8% 7,593 $1.2M
Police & Firemen's Retirement System of New Jersey 0.01% Add +18.9% 7,510 $1.2M
Envestnet Portfolio Solutions, Inc. 0.00% Reduce -43.2% 7,445 $1.2M
Janus Henderson Group PLC 0.00% No change 7,063 $1.1M
Y-Intercept (Hong Kong) Ltd 0.03% Reduce -8.1% 7,053 $1.1M
Verition Fund Management LLC 0.01% Reduce -76.5% 7,037 $1.1M
SteelPeak Wealth, LLC 0.04% New 7,017 $1.1M
Gabelli Funds LLC 0.01% Reduce -68.2% 7,000 $1.1M
LPL Financial LLC 0.00% Reduce -4.0% 6,859 $1.1M
Yousif Capital Management, LLC 0.01% Reduce -9.1% 6,824 $1.1M
Gsa Capital Partners LLP 0.08% Add +57.9% 6,215 $998K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +14.0% 6,182 $993K
Prescott Group Capital Management, L.L.C. 0.10% Reduce -57.1% 6,000 $963K
Amundi 0.00% Reduce -17.6% 6,265 $930K
SummitTX Capital, L.P. 0.04% Add +187.8% 5,610 $901K
International Assets Investment Management, LLC 0.07% No change 5,204 $895K
Teachers Retirement System of the State of Kentucky 0.01% Reduce -30.5% 5,465 $878K
Counterpoint Mutual Funds LLC 0.07% New 5,462 $877K
Public Employees Retirement System of Ohio 0.00% Add +0.6% 5,275 $847K
Comerica Bank 0.00% Reduce -9.9% 5,218 $838K
Arizona State Retirement System 0.00% Add +1.3% 5,198 $835K
TriaGen Wealth Management LLC 0.21% Add +0.7% 5,071 $814K
Neuberger Berman Group LLC 0.00% Reduce -3.5% 4,720 $758K
Louisiana State Employees Retirement System 0.01% Reduce -2.1% 4,700 $755K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Reduce -0.1% 4,336 $696K
Qsemble Capital Management, LP 0.07% New 4,258 $684K
Ensign Peak Advisors, Inc 0.00% Reduce -43.4% 4,103 $659K
Versor Investments LP 0.12% New 4,100 $658K
Vanguard Personalized Indexing Management, LLC 0.01% Add +1.7% 4,053 $651K
New Mexico Educational Retirement Board 0.02% No change 4,000 $642K
State of Michigan Retirement System 0.00% Reduce -2.5% 3,973 $638K
Thrivent Financial for Lutherans 0.00% Reduce -2.4% 3,914 $628K
Northwestern Mutual Investment Management Company, LLC 0.01% Reduce -0.2% 3,765 $605K
KLP Kapitalforvaltning As 0.00% No change 3,600 $578K
Oregon Public Employees Retirement Fund 0.01% Reduce -2.8% 3,420 $549K
Private Advisor Group, LLC 0.00% Add +103.6% 3,413 $548K
Handelsbanken Fonder AB 0.00% No change 3,388 $544K
RBF Capital, LLC 0.02% No change 3,340 $536K
West Michigan Advisors, LLC 0.13% New 3,317 $533K
Wittenberg Investment Management, Inc. 0.21% No change 3,228 $518K
Empowered Funds, LLC 0.01% Add +10.0% 3,225 $518K
Ameritas Investment Partners, Inc. 0.02% Reduce -3.5% 3,167 $509K
US Bancorp \de 0.00% Reduce -2.3% 2,911 $467K
M&T Bank Corp 0.00% Reduce -8.8% 2,888 $464K
Guggenheim Capital LLC 0.00% Add +8.8% 2,856 $459K
Inspire Investing, LLC 0.04% Add +21.3% 2,820 $453K
Leonteq Securities AG 0.02% Add +1842.0% 2,777 $446K
Axq Capital, LP 0.17% New 2,755 $442K
Oxford Asset Management LLP 0.14% New 2,711 $435K
Pathstone Holdings, LLC 0.00% Add +19.8% 2,704 $434K
Quadrant Capital Group LLC 0.01% Add +2.3% 2,684 $431K
AQR Capital Management 0.00% Reduce -56.8% 2,617 $420K
Two Sigma Advisers, LP 0.00% Reduce -98.8% 2,600 $417K
Xponance LLC 0.00% Add +0.7% 2,599 $417K
Baader Bank Aktiengesellschaft 0.03% New 2,616 $416K
Polymer Capital Management (US) LLC 0.05% New 2,576 $414K
Pictet Asset Management Holding SA 0.00% Add +7.5% 2,554 $410K
Wells Fargo & Company 0.00% Reduce -82.1% 2,468 $396K
Diligent Investors, LLC 0.10% Reduce -2.0% 2,438 $391K
Teacher Retirement System of Texas 0.00% Reduce -13.7% 2,308 $371K
Tidal Investments LLC 0.00% New 2,273 $365K
Pacer Advisors, Inc. 0.00% New 2,222 $357K
XTX Topco Ltd 0.02% New 2,185 $351K
Kestra Advisory Services, LLC 0.00% No change 2,124 $341K
Crossmark Global Holdings, Inc. 0.01% Reduce -3.4% 2,120 $340K
Corton Capital Inc. 0.83% New 2,105 $338K
Cambridge Investment Research Advisors, Inc. 0.00% Add +44.7% 2,018 $324K
Public Employees Retirement Association of Colorado 0.00% No change 1,920 $308K
Prudential Financial Inc. 0.00% Reduce -7.2% 1,932 $308K
Ballentine Partners, LLC 0.00% Add +3.8% 1,890 $303K
SG Americas Securities, LLC 0.00% Reduce -85.6% 1,882 $302K
State of Alaska, Department of Revenue 0.00% Reduce -3.1% 1,848 $296K
True Freedom Investing, LLC 0.10% New 1,829 $294K
Captrust Financial Advisors 0.00% Reduce -11.5% 1,729 $278K
Boothbay Fund Management, LLC 0.01% Reduce -61.2% 1,703 $273K
Ethic Inc. 0.00% Reduce -10.2% 1,700 $273K
Russell Investments Group, Ltd. 0.00% Add +203.5% 1,657 $266K
Susquehanna International Group, LLP 0.00% Reduce -98.3% 1,643 $264K
Federated Hermes, Inc. 0.00% Reduce -47.7% 1,632 $262K
Sei Investments Co. 0.00% Reduce -27.6% 1,604 $258K
Voya Investment Management LLC 0.00% Reduce -58.8% 1,547 $248K
Farringdon Capital, Ltd. 0.06% New 1,531 $246K
Bridgefront Capital, LLC 0.07% Reduce -10.6% 1,517 $244K
Wedmont Private Capital 0.01% Add +6.1% 1,624 $242K
PNC Financial Services Group, Inc. 0.00% Add +7.8% 1,460 $234K
Dymon Asia Capital (singapore) Pte. LTD. 0.09% New 1,412 $227K
Zacks Investment Management 0.00% Reduce -0.8% 1,383 $222K
Pinkerton Wealth, LLC 0.02% New 1,356 $218K
Osaic Holdings, Inc. 0.00% Reduce -25.8% 1,354 $215K
Centaurus Financial, Inc. 0.01% New 1,293 $208K
Wealth Enhancement Advisory Services, LLC 0.00% Reduce -6.4% 1,385 $207K
Aigen Investment Management, LP 0.03% New 1,279 $205K
Penserra Capital Management LLC 0.00% Add +1.1% 1,272 $204K
Securian Asset Management, Inc. 0.01% No change 1,259 $202K
Federation des caisses Desjardins du Quebec 0.00% Reduce -28.8% 1,236 $198K
Activest Wealth Management 0.03% Add +100000.0% 1,001 $161K
GAMMA Investing LLC 0.01% Add +2.4% 923 $148K
Tower Research Capital LLC (TRC) 0.00% Add +208.1% 872 $140K
Nomura Asset Management Co. Ltd. 0.00% Add +23.3% 740 $119K
CSS LLC 0.02% New 740 $119K
Sterling Capital Management LLC 0.00% Reduce -2.0% 694 $111K
DekaBank Deutsche Girozentrale 0.00% No change 656 $106K
KBC Group NV 0.00% No change 607 $97K
Franklin Resources Inc. 0.00% Reduce -98.6% 535 $86K
Parallel Advisors, LLC 0.00% Reduce -0.2% 526 $84K
Allworth Financial LP 0.00% Add +5.3% 499 $80K
Loring Wolcott & Coolidge Fiduciary Advisors LLP 0.00% No change 450 $69K
EverSource Wealth Advisors, LLC 0.00% No change 427 $69K
STRS Ohio 0.00% No change 404 $65K
Northwestern Mutual Wealth Management Co. 0.00% Add +26.5% 363 $58K
Cwm, LLC 0.00% Add +1.1% 263 $42K
Hantz Financial Services, Inc. 0.00% Add +136.4% 253 $41K
American Wealth Advisors, LLC 0.04% — 253 $41K
Fifth Third Bancorp 0.00% Add +2.2% 233 $37K
UMB Bank, n.a. 0.00% Reduce -6.2% 229 $37K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% No change 191 $31K
Deseret Mutual Benefit Administrators 0.01% Add +102.3% 174 $28K
Huntington National Bank 0.00% No change 171 $27K
MassMutual Private Wealth & Trust, FSB 0.00% Reduce -6.0% 171 $27K
Walleye Capital LLC 0.00% Reduce -99.6% 152 $24K
LRI Investments, LLC 0.00% New 150 $24K
Caitlin John, LLC 0.01% New 123 $20K
Bessemer Group Inc. 0.00% Add +180.5% 115 $19K
Signaturefd, LLC 0.00% No change 111 $18K
Smithfield Trust Co 0.00% No change 105 $17K
Rockefeller Capital Management L.P. 0.00% New 101 $16K
TD Waterhouse Canada Inc. 0.00% No change 102 $16K
POM Investment Strategies, LLC 0.01% No change 100 $16K
Atlantic Edge Private Wealth Management, LLC 0.00% No change 100 $16K
Crews Bank & Trust 0.00% No change 100 $16K
Bokf, NA 0.00% New 100 $16K
Harel Insurance Investments & Financial Services Ltd. 0.00% No change 94 $15K
SBI Securities Co., Ltd. 0.00% Reduce -9.7% 93 $15K
Wealthspire Advisors, LLC 0.00% New 90 $14K
Covestor Ltd 0.01% Reduce -28.4% 73 $12K
Root Financial Partners, LLC 0.00% New 72 $12K
Hemington Wealth Management 0.00% Add +67.4% 72 $11K
Itau Unibanco Holding S.A. 0.00% No change 68 $11K
Jones Financial Companies LLLP 0.00% Add +255.6% 64 $10K
Clearstead Trust, LLC 0.00% No change 53 $9K
Steigerwald, Gordon & Koch Inc. 0.00% New 50 $8K
Aster Capital Management (DIFC) Ltd 0.00% Reduce -87.4% 46 $7K
Harbour Investments, Inc. 0.00% Add +375.0% 38 $6K
Fortitude Family Office, LLC 0.00% Add +24.0% 31 $5K
Rossby Financial, LCC 0.00% No change 30 $5K
IFP Advisors, Inc 0.00% Add +0.0% 25 $4K
Assetmark, Inc. 0.00% Add +8.7% 25 $4K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 25 $4K
Larson Financial Group LLC 0.00% Add +9.1% 24 $4K
Clearstead Advisors, LLC 0.00% Add +4.8% 22 $4K
JFS Wealth Advisors, LLC 0.00% Add +90.9% 21 $3K
Farther Finance Advisors, LLC 0.00% Add +133.3% 21 $3K
Bell Investment Advisors, Inc 0.00% Add +46.1% 19 $3K
Ogorek Anthony Joseph /NY/ 0.00% Add +633.3% 22 $3K
Avion Wealth 0.00% No change 21 $3K
Nisa Investment Advisors, LLC 0.00% No change 17 $3K
MAI Capital Management 0.00% Reduce -26.1% 17 $3K
Farmers & Merchants Investments Inc. 0.00% No change 14 $2K
Blue Trust, Inc. 0.00% No change 14 $2K
Physician Wealth Advisors, Inc. 0.00% No change 13 $2K
Parkside Financial Bank & Trust 0.00% Add +8.3% 13 $2K
Kilter Group LLC 0.00% Reduce -25.0% 12 $2K
Caitong International Asset Management Co., Ltd 0.00% New 11 $2K
Smartleaf Asset Management LLC 0.00% New 10 $2K
Bartlett & Co. Wealth Management LLC 0.00% No change 10 $2K
Advisory Services Network, LLC 0.00% New 10 $2K
DiNuzzo Private Wealth, Inc. 0.00% Add +66.7% 10 $2K
Principal Securities, Inc. 0.00% No change 9 $1K
Sachetta, LLC 0.00% No change 8 $1K
MV Capital Management, Inc. 0.00% No change 8 $1K
Rise Advisors, LLC 0.00% No change 7 $1K
Cloud Capital Management, LLC 0.00% New 8 $1K
Hughes Financial Services, LLC 0.00% No change 7 $998
North Capital, Inc. 0.00% Add +25.0% 5 $803
Frazier Financial Advisors, LLC 0.00% New 4 $643
True Wealth Design, LLC 0.00% No change 4 $643
SJS Investment Consulting Inc. 0.00% No change 4 $643
Bay Harbor Wealth Management, LLC 0.00% Add +100.0% 4 $642
Mather Group, Llc. 0.00% New 4 $642
Caldwell Sutter Capital, Inc. 0.00% No change 3 $482
HFM Investment Advisors, LLC 0.00% No change 3 $482
Rialto Wealth Management, LLC 0.00% Add +100.0% 2 $322
Bruce G. Allen Investments, LLC 0.00% No change 2 $321
Transamerica Financial Advisors, LLC 0.00% New 2 $321
Horizon Investments, LLC 0.00% New 2 $321
Private Wealth Asset Management, LLC 0.00% No change 2 $321
Global Retirement Partners, LLC 0.00% No change 1 $161
Beaird Harris Wealth Management, LLC 0.00% New 1 $140
Toronto Dominion Bank 0.00% New 1 $139

"% of holder's portfolio" is CAR's weight in each manager's 13F, not the share of Avis Budget Group Inc. the manager owns.