HERTZ GLOBAL HLDGS INC HTZ
COM NEW · Common Stock · CUSIP 42806J700 · ISIN US42806J7000
American car dealership chain handling the transactions and sales of Hertz rental fleet in both business-to-business and business-to-consumer markets
- IndustryServices-Auto Rental & Leasing (No Drivers)
- HeadquartersEstero, FL
- Founded1977
- Websitehertzcarsales.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($59.7k this quarter). Holder counts are more reliable. Shares outstanding: 306.5m as of 2024-07-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $3.53. Options: 26 managers hold calls ($31.5m notional), 26 hold puts ($45.6m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 233 |
| Q4 2022 | 242 |
| Q1 2023 | 264 |
| Q2 2023 | 263 |
| Q3 2023 | 252 |
| Q4 2023 | 269 |
| Q1 2024 | 268 |
| Q2 2024 | 268 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 97 | 136 |
| Q1 2023 | 147 | 121 |
| Q2 2023 | 111 | 150 |
| Q3 2023 | 99 | 149 |
| Q4 2023 | 134 | 130 |
| Q1 2024 | 138 | 132 |
| Q2 2024 | 154 | 129 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $56.2m | $117.5m | 2.09 |
| Q4 2023 | $83.6m | $85.3m | 1.02 |
| Q1 2024 | $63.4m | $75.5m | 1.19 |
| Q2 2024 | $31.5m | $45.6m | 1.45 |
Biggest buyers
| BlackRock Inc. | Added | +8.3m |
| Schonfeld Strategic Advisors LLC | Added | +4.3m |
| AQR CAPITAL MANAGEMENT LLC | Added | +2.8m |
| Invesco Ltd. | Added | +2.5m |
| VANGUARD GROUP INC | Added | +1.7m |
| UBS Group AG | Added | +1.3m |
| BANK OF AMERICA CORP /DE/ | Added | +1.1m |
| FIRST TRUST ADVISORS LP | Added | +889.6k |
| TUDOR INVESTMENT CORP ET AL | New | +852.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +781.0k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.9m |
| MARATHON ASSET MANAGEMENT LP | Sold out | -6.8m |
| MORGAN STANLEY | Reduced | -5.6m |
| Pentwater Capital Management LP | Reduced | -4.8m |
| Man Group plc | Sold out | -3.5m |
| VR Advisory Services Ltd | Sold out | -3.0m |
| Allianz Asset Management GmbH | Reduced | -2.5m |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | Sold out | -1.9m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -1.4m |
| CITADEL ADVISORS LLC | Reduced | -1.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.0m2.3m shares |
| MASTERS CAPITAL MANAGEMENT LLC | New | $3.5m1.0m shares |
| D. E. Shaw & Co., Inc. | Added | $2.4m673.9k shares |
| CITADEL ADVISORS LLC | Added | $1.9m549.5k shares |
| ExodusPoint Capital Management, LP | Unchanged | $1.9m540.0k shares |
| CITIGROUP INC | Unchanged | $1.9m539.9k shares |
| JPMORGAN CHASE & CO | Unchanged | $1.7m480.0k shares |
| Walleye Capital LLC | Reduced | $1.7m472.1k shares |
| IMC-Chicago, LLC | Added | $1.4m405.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.4m397.0k shares |
Biggest puts
| Lombard Odier Asset Management (USA) Corp | Added | $12.0m3.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.5m1.3m shares |
| JPMORGAN CHASE & CO | Added | $4.3m1.2m shares |
| Point72 Asset Management, L.P. | Added | $2.7m755.0k shares |
| SIMPLEX TRADING, LLC | Added | $2.6m726.1k shares |
| Walleye Trading LLC | Added | $2.5m711.3k shares |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | Added | $2.1m934.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m606.5k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $2.1m600.0k shares |
| IMC-Chicago, LLC | Added | $1.8m524.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
CK Amarillo LP
13D · may seek influence
no change · filed 2026-10-21
Stated purposeThe information set forth in Item 4 of the Schedule 13D is amended as follows: On October 16, 2026, the Issuer and certain investors, including certain funds or accounts affiliated with Certares and Knighthead (all such investors, the "JV Investors"), entered into a joint venture arrangement (the "Joint Venture") related to Oro Mobility Holdings LLC (f/k/a Hertz Mobility Holdings LLC) (the "JV Entity"). In connection with the formation of the Joint Venture, but prior to the JV Investor Purchase (as defined below), the Issuer transferred to the JV Entity certain assets relating to the Issuer's Oro Mobility business not already owned by the JV Entity, together with approximately $60.03 million in cash. As part of the Joint Venture, the Issuer, the JV Entity, and the JV Investors entered int… Full filing |
50.9% |
| TD SECURITIES (USA) LLC 13G · institution +1.2 pts · filed 2026-05-15 | 8.1% |
| JANE STREET GROUP, LLC 13G · passive investor new · filed 2026-07-02 | 5.0% |
Fell to 5% or below in the last year: BlackRock, Inc. (3.3%, 2026-10-27)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $77.9k | — |
| Q2 2023 | 0 | — | 1 | $31.6k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 1 | $1.1m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-04-30 | West W Gilbert CEO, director | Bought | $1.1m250.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| Knighthead Capital Management, LLC 54.27% of their portfolio | 181.5m $640.5m | Added +5 |
| BlackRock Inc. 0.00% of their portfolio | 20.5m $72.5m | Added +8.3m |
| VANGUARD GROUP INC 0.00% of their portfolio | 13.7m $48.4m | Added +1.7m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 6.2m $21.9m | Added +686.3k |
| STATE STREET CORP 0.00% of their portfolio | 5.9m $20.7m | Added +595.4k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 5.6m $19.4m | Added +2.8m |
| Schonfeld Strategic Advisors LLC 0.13% of their portfolio | 4.7m $16.7m | Added +4.3m |
| Invesco Ltd. 0.00% of their portfolio | 4.7m $16.6m | Added +2.5m |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 3.4m $12.1m | Added +889.6k |
| MORGAN STANLEY 0.00% of their portfolio | 3.4m $12.1m | Reduced -5.6m |
| CPV Partners, LLC 13.02% of their portfolio | 3.2m $11.3m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 3.2m $11.2m | Reduced -1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.2m $11.1m | Added +781.0k |
| Squarepoint Ops LLC 0.04% of their portfolio | 3.1m $10.8m | Reduced -197.6k |
| UBS Group AG 0.00% of their portfolio | 2.3m $8.2m | Added +1.3m |
| Pentwater Capital Management LP 0.16% of their portfolio | 2.2m $7.6m | Reduced -4.8m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.9m $6.6m | Added +552.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.6m $5.8m | Reduced -6.9m |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 1.6m $5.6m | Added +257.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $5.6m | Added +1.1m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.5m $5.3m | Reduced -82.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.5m $5.3m | Added +502.1k |
| DG Capital Management, LLC 3.10% of their portfolio | 1.2m $4.4m | Reduced -10.0k |
| PAR CAPITAL MANAGEMENT INC 0.11% of their portfolio | 1.0m $3.5m | Unchanged |
| Verition Fund Management LLC 0.03% of their portfolio | 961.2k $3.4m | Added +709.4k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 852.8k $3.0m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 751.9k $2.7m | Reduced -62.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 745.0k $2.6m | Added +299.1k |
| Engineers Gate Manager LP 0.05% of their portfolio | 689.8k $2.4m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.05% of their portfolio | 673.0k $2.4m | Added +302.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 647.8k $2.3m | Added +154.2k |
| Mountain Lake Investment Management LLC 1.85% of their portfolio | 500.0k $1.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 467.1k $1.6m | Added +180.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 449.7k $1.6m | Added +106.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 433.4k $1.5m | Reduced -381.5k |
| Soviero Asset Management, LP 1.15% of their portfolio | 425.0k $1.5m | Added +185.0k |
| FMR LLC 0.00% of their portfolio | 403.3k $1.4m | Added +27.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 377.9k $1.3m | Reduced -3.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 375.9k $1.3m | Added +28.4k |
| TD Asset Management Inc 0.00% of their portfolio | 370.0k $1.3m | Reduced -60.0k |
| Legal & General Group Plc 0.00% of their portfolio | 358.8k $1.3m | Added +162.4k |
| IMC-Chicago, LLC 0.04% of their portfolio | 355.9k $1.3m | New |
| PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio | 349.8k $1.2m | Unchanged |
| Allianz Asset Management GmbH 0.00% of their portfolio | 347.6k $1.2m | Reduced -2.5m |
| Quinn Opportunity Partners LLC 0.13% of their portfolio | 326.1k $1.2m | Reduced -524.9k |
| ZAZOVE ASSOCIATES LLC 0.07% of their portfolio | 324.8k $1.1m | New |
| NORGES BANK 0.00% of their portfolio | 324.5k $1.1m | Reduced -249.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 322.6k $1.1m | Added +27.3k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 321.0k $1.1m | Unchanged |
| Nemes Rush Group LLC 0.16% of their portfolio | 320.2k $1.1m | Unchanged |
| Public Sector Pension Investment Board 0.01% of their portfolio | 289.3k $1.0m | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 287.8k $1.0m | New |
| Alpine Global Management, LLC 0.18% of their portfolio | 287.2k $1.0m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 265.6k $937.6k | Added +254.6k |
| Caption Management, LLC 0.10% of their portfolio | 265.6k $937.6k | New |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 0.04% of their portfolio | 249.3k $880.2k | Added +124.2k |
| Swiss National Bank 0.00% of their portfolio | 243.1k $858.1k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 242.4k $855.6k | Added +545 |
| GABELLI FUNDS LLC 0.01% of their portfolio | 227.0k $801.3k | Added +62.0k |
| Pinnacle Holdings, LLC 0.32% of their portfolio | 224.7k $793.3k | Added +120.1k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 218.3k $770.0k | Added +214.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 217.0k $766.2k | Added +178.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 207.3k $769.3k | Added +129.5k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 198.7k $701.0k | New |
| Counterpoint Mutual Funds LLC 0.16% of their portfolio | 194.2k $685.5k | Added +160.9k |
| Leonteq Securities AG 0.09% of their portfolio | 187.3k $661.2k | Added +143.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 178.0k $628.3k | Reduced -79.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 165.0k $582.5k | Reduced -1.1m |
| Aquatic Capital Management LLC 0.02% of their portfolio | 164.8k $581.7k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 157.9k $557.4k | Reduced -55.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 146.3k $516.6k | Added +133.6k |
| Jump Financial, LLC 0.01% of their portfolio | 144.0k $508.3k | Reduced -191.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 138.0k $487.0k | Added +31.4k |
| BARCLAYS PLC 0.00% of their portfolio | 131.9k $465.6k | Reduced -59.5k |
| Virtu Financial LLC 0.03% of their portfolio | 128.6k $454.0k | Added +108.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 123.8k $437.1k | First filing |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 123.3k $435.3k | Reduced -2.2k |
| LECAP ASSET MANAGEMENT LTD 0.09% of their portfolio | 121.8k $430.0k | New |
| Scientech Research LLC 0.09% of their portfolio | 120.4k $425.0k | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 120.4k $425.0k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 119.4k $421.6k | Reduced -749.1k |
| CITIGROUP INC 0.00% of their portfolio | 116.8k $412.4k | Reduced -164.5k |
| Mariner, LLC 0.00% of their portfolio | 113.9k $401.9k | Added +99.2k |
| GTS SECURITIES LLC 0.01% of their portfolio | 112.2k $395.9k | Added +48.2k |
| CSS LLC/IL 0.03% of their portfolio | 110.7k $390.8k | Reduced -57.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 109.2k $385.0k | Added +76.3k |
| COATUE MANAGEMENT LLC 0.00% of their portfolio | 106.8k $377.1k | Unchanged |
| Dynamic Technology Lab Private Ltd 0.04% of their portfolio | 103.2k $364.0k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 100.0k $353.1k | Reduced -42.8k |
| Graham Capital Management, L.P. 0.01% of their portfolio | 94.4k $333.1k | New |
| Tower Research Capital LLC (TRC) 0.01% of their portfolio | 92.0k $324.7k | Reduced -102.8k |
| Holocene Advisors, LP 0.00% of their portfolio | 90.7k $320.2k | Reduced -642.0k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 90.0k $317.8k | Reduced -292.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 84.4k $298.0k | Added +9.5k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 83.0k $293.2k | New |
| LPL Financial LLC 0.00% of their portfolio | 82.3k $290.6k | Added +50.3k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 78.7k $277.7k | New |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 77.2k $272.0k | Added +62.1k |
| Centiva Capital, LP 0.01% of their portfolio | 74.3k $262.4k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 73.9k $261.0k | Reduced -69.1k |