Sands Capital Management’s Carvana CVNA Stock Holding History

Sands 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
2026 Q2	$557M	Sell	8,462,945 -2,123,295	-20%	-$150M	2.07%	15
2026 Q1	$666M	Sell	10,586,240 -1,626,430	-13%	-$121M	2.61%	14
2025 Q4	$1.03B	Buy	12,212,670 +3,755,095	+44%	+$279M	3.14%	8
2025 Q3	$638M	Buy	8,457,575 +3,951,440	+88%	+$283M	1.76%	23
2025 Q2	$304M	Buy	4,506,135 +4,200,480	+1,374%	+$230M	0.87%	32
2025 Q1	$12.8M	Buy	+305,655	New	+$13.5M	0.04%	69
2022 Q1	–	Sell	-5,984,870	Closed	-$277M	–	70
2021 Q4	$277M	Sell	5,984,870 -221,595	-4%	-$12.2M	0.51%	40
2021 Q3	$374M	Sell	6,206,465 -45,995	-0.7%	-$3.06M	0.62%	39
2021 Q2	$377M	Buy	+6,252,460	New	+$340M	0.64%	42

Other funds holding CVNA

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

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

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

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

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

CIP

CAS Investment Partners Westport, Connecticut $1.88B AUM 2.5% 1-Year Est. Return

GCP

Greenoaks Capital Partners Orinda, California $2.36B AUM 17.42% 1-Year Est. Return

Sands Capital Management's CVNA Position: Q2 2026 in Review

Sands Capital Management reduced its Carvana (CVNA) stake by 20% in Q2 2026, selling an estimated $150M and leaving 8,462,945 shares worth $557M. The position accounts for 2.07% of the portfolio, ranked #15.

Sands Capital Management first reported a position in CVNA in Q2 2021 and has held it in 9 quarters since. The position peaked at $1.03B in Q4 2025. 814 funds tracked by Wall St. Rank hold CVNA as of Q2 2026.

Sands Capital Management held 8,462,945 shares of Carvana worth $557M as of Q2 2026.
Sands Capital Management sold 2,123,295 Carvana shares in Q2 2026, an estimated $150M.
Carvana made up 2.07% of Sands Capital Management's portfolio in Q2 2026, its #15 holding.
Sands Capital Management first reported a position in Carvana in Q2 2021 and has held it in 9 quarters since.
Sands Capital Management's Carvana position peaked at $1.03B in Q4 2025.
814 funds tracked by Wall St. Rank held Carvana as of Q2 2026.

Based on Sands Capital Management's 13F filing for Q2 2026, filed 13 Aug 2026.