Spruce House Investment Management’s Carvana CVNA Stock Holding History
Bought
Maintained
Sold
| Quarter | Market Value | Status | Shares |
Change in Stake | Trade Value | Portfolio Weight | Portfolio Position | |
|---|---|---|---|---|---|---|---|---|
|
2026
Q2 | $768M | Hold |
11,675,000
| – | – | 22.61% | 2 |
|
|
2026
Q1 | $734M | Buy |
11,675,000
+300,000
| +3% | +$22.3M | 26.21% | 1 |
|
|
2025
Q4 | $960M | Sell |
11,375,000
-6,671,440
| -37% | -$496M | 27.84% | 2 |
|
|
2025
Q3 | $1.36B | Hold |
18,046,440
| – | – | 35.18% | 2 |
|
|
2025
Q2 | $1.22B | Hold |
18,046,440
| – | – | 44.87% | 1 |
|
|
2025
Q1 | $755M | Sell |
18,046,440
-6,558,560
| -27% | -$290M | 39.19% | 1 |
|
|
2024
Q4 | $1B | Sell |
24,605,000
-395,000
| -2% | -$17.7M | 36.79% | 2 |
|
|
2024
Q3 | $871M | Hold |
25,000,000
| – | – | 42.68% | 1 |
|
|
2024
Q2 | $644M | Hold |
25,000,000
| – | – | 42.38% | 1 |
|
|
2024
Q1 | $440M | Sell |
25,000,000
-22,450,000
| -47% | -$274M | 31.61% | 1 |
|
|
2023
Q4 | $502M | Sell |
47,450,000
-2,550,000
| -5% | -$19.1M | 39.5% | 1 |
|
|
2023
Q3 | $420M | Hold |
50,000,000
| – | – | 37.32% | 1 |
|
|
2023
Q2 | $259M | Hold |
50,000,000
| – | – | 29.62% | 1 |
|
|
2023
Q1 | $97.9M | Hold |
50,000,000
| – | – | 19.16% | 4 |
|
|
2022
Q4 | $47.4M | Buy |
50,000,000
+17,250,000
| +53% | +$36.4M | 12.57% | 5 |
|
|
2022
Q3 | $133M | Buy |
32,750,000
+2,000,000
| +7% | +$13M | 23.97% | 1 |
|
|
2022
Q2 | $139M | Buy |
30,750,000
+5,750,000
| +23% | +$60.5M | 20.05% | 2 |
|
|
2022
Q1 | $596M | Buy |
25,000,000
+6,250,000
| +33% | +$182M | 34.49% | 1 |
|
|
2021
Q4 | $869M | Hold |
18,750,000
| – | – | 27.26% | 2 |
|
|
2021
Q3 | $1.13B | Sell |
18,750,000
-1,067,315
| -5% | -$71M | 29.29% | 2 |
|
|
2021
Q2 | $1.2B | Hold |
19,817,315
| – | – | 28.48% | 2 |
|
|
2021
Q1 | $1.04B | Hold |
19,817,315
| – | – | 29.83% | 2 |
|
|
2020
Q4 | $949M | Sell |
19,817,315
-1,793,795
| -8% | -$82M | 29.05% | 2 |
|
|
2020
Q3 | $964M | Hold |
21,611,110
| – | – | 5.22% | 3 |
|
|
2020
Q2 | $520M | Hold |
21,611,110
| – | – | 6.97% | 3 |
|
|
2020
Q1 | $238M | Sell |
21,611,110
-6,388,890
| -23% | -$98.9M | 15.04% | 4 |
|
|
2019
Q4 | $515M | Hold |
28,000,000
| – | – | 16.83% | 3 |
|
|
2019
Q3 | $370M | Hold |
28,000,000
| – | – | 13.37% | 4 |
|
|
2019
Q2 | $351M | Hold |
28,000,000
| – | – | 13.17% | 4 |
|
|
2019
Q1 | $325M | Buy |
28,000,000
+500,000
| +2% | +$4.21M | 11.95% | 5 |
|
|
2018
Q4 | $180M | Buy |
27,500,000
+3,150,000
| +13% | +$26.5M | 8.28% | 6 |
|
|
2018
Q3 | $288M | Hold |
24,350,000
| – | – | 9.47% | 6 |
|
|
2018
Q2 | $203M | Buy |
24,350,000
+22,935,615
| +1,622% | +$138M | 7.41% | 6 |
|
|
2018
Q1 | $6.49M | Buy |
+1,414,385
| New | +$5.65M | 0.28% | 8 |
|
Other funds holding CVNA
CIP
GCP
Spruce House Investment Management's CVNA Position: Q2 2026 in Review
Spruce House Investment Management held its Carvana (CVNA) position steady in Q2 2026 at 11,675,000 shares worth $768M. The position accounts for 22.61% of the portfolio, ranked #2.
Spruce House Investment Management first reported a position in CVNA in Q1 2018 and has held it in 34 quarters since. The position peaked at $1.36B in Q3 2025. 815 funds tracked by Wall St. Rank hold CVNA as of Q2 2026.
- Spruce House Investment Management held 11,675,000 shares of Carvana worth $768M as of Q2 2026.
- Spruce House Investment Management left its Carvana share count unchanged in Q2 2026.
- Carvana made up 22.61% of Spruce House Investment Management's portfolio in Q2 2026, its #2 holding.
- Spruce House Investment Management first reported a position in Carvana in Q1 2018 and has held it in 34 quarters since.
- Spruce House Investment Management's Carvana position peaked at $1.36B in Q3 2025.
- 815 funds tracked by Wall St. Rank held Carvana as of Q2 2026.
Based on Spruce House Investment Management's 13F filing for Q2 2026, filed 14 Aug 2026.