Hudson Bay Capital Management’s Carvana CVNA Stock Holding History

Hudson Bay Capital Management’s Portfolio CVNA Stock Details CVNA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2024 Q4	–	Sell	-150,000	Closed	-$5.22M	–	953
2024 Q3	$5.22M	Buy	+150,000	New	+$4.31M	0.02%	403
2024 Q2	–	Sell	-250,000	Closed	-$4.4M	–	812
2024 Q1	$4.4M	Buy	+250,000	New	+$3.05M	0.02%	325
2023 Q4	–	Sell	-250,000	Closed	-$2.1M	–	767
2023 Q3	$2.1M	Buy	+250,000	New	+$2.15M	0.02%	472
2020 Q1	–	Sell	-750,000	Closed	-$13.8M	–	516
2019 Q4	$13.8M	Buy	+750,000	New	+$12.6M	0.31%	57
2019 Q3	–	Sell	-625,000	Closed	-$7.82M	–	425
2019 Q2	$7.82M	Buy	+625,000	New	+$8.03M	0.18%	119
2018 Q2	–	Sell	-200,000	Closed	-$917K	–	823
2018 Q1	$917K	Buy	+200,000	New	+$799K	0.02%	589

Other funds holding CVNA

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

CIP

CAS Investment Partners Westport, Connecticut $1.75B AUM 41.95% 1-Year Est. Return

GCP

Greenoaks Capital Partners Orinda, California $2.3B AUM 19.87% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Hudson Bay Capital Management's CVNA Position: Q4 2025 in Review

Hudson Bay Capital Management sold out of Carvana (CVNA) in Q4 2025, closing a stake of 248,440 shares — an estimated $18.7M sold.

Hudson Bay Capital Management first reported a position in CVNA in Q1 2018 and held it in 7 quarters. The position peaked at $18.7M in Q3 2025. 852 funds tracked by Wall St. Rank hold CVNA as of Q4 2025.

Hudson Bay Capital Management reported no remaining Carvana position as of Q4 2025 after selling out during the quarter.
Hudson Bay Capital Management sold 248,440 Carvana shares in Q4 2025, an estimated $18.7M.
Hudson Bay Capital Management first reported a position in Carvana in Q1 2018 and held it in 7 quarters.
Hudson Bay Capital Management's Carvana position peaked at $18.7M in Q3 2025.
852 funds tracked by Wall St. Rank held Carvana as of Q4 2025.

Based on Hudson Bay Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.