Ray Dalio’s Carvana CVNA Stock Holding History

Ray Dalio’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
2025 Q4	–	Sell	-71,145	Closed	-$5.37M	–	1088
2025 Q3	$5.37M	Buy	+71,145	New	+$5.09M	0.02%	485
2022 Q2	–	Sell	-40,620	Closed	-$969K	–	1013
2022 Q1	$969K	Sell	40,620 -138,210	-77%	-$4.03M	﹤0.01%	804
2021 Q4	$8.29M	Sell	178,830 -116,080	-39%	-$6.39M	0.05%	217
2021 Q3	$17.8M	Buy	294,910 +208,475	+241%	+$13.9M	0.1%	139
2021 Q2	$5.22M	Buy	86,435 +15,575	+22%	+$847K	0.03%	325
2021 Q1	$3.72M	Buy	+70,860	New	+$3.91M	0.03%	242

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

Ray Dalio's CVNA Position: Q4 2025 in Review

Ray Dalio sold out of Carvana (CVNA) in Q4 2025, closing a stake of 71,145 shares — an estimated $5.37M sold.

Ray Dalio first reported a position in CVNA in Q1 2021 and held it in 6 quarters. The position peaked at $17.8M in Q3 2021. 852 funds tracked by Wall St. Rank hold CVNA as of Q4 2025.

Ray Dalio reported no remaining Carvana position as of Q4 2025 after selling out during the quarter.
Ray Dalio sold 71,145 Carvana shares in Q4 2025, an estimated $5.37M.
Ray Dalio first reported a position in Carvana in Q1 2021 and held it in 6 quarters.
Ray Dalio's Carvana position peaked at $17.8M in Q3 2021.
852 funds tracked by Wall St. Rank held Carvana as of Q4 2025.

Based on Bridgewater Associates's 13F filing for Q4 2025, filed 13 Feb 2026.