Stephen Mandel’s Carvana CVNA Stock Holding History

Stephen Mandel’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	$692M	Buy	10,520,666 +1,747,121	+20%	+$124M	4.23%	10
2026 Q1	$552M	Sell	8,773,545 -123,095	-1%	-$9.13M	4.4%	8
2025 Q4	$751M	Buy	8,896,640 +70,185	+0.8%	+$5.22M	5.52%	3
2025 Q3	$666M	Hold	8,826,455	–	–	4.85%	8
2025 Q2	$595M	Sell	8,826,455 -2,744,385	-24%	-$150M	4.23%	10
2025 Q1	$484M	Buy	+11,570,840	New	+$512M	4.18%	12
2021 Q4	–	Sell	-10,711,545	Closed	-$646M	–	32
2021 Q3	$646M	Hold	10,711,545	–	–	2.18%	22
2021 Q2	$647M	Sell	10,711,545 -1,329,500	-11%	-$72.3M	2.08%	23
2021 Q1	$632M	Sell	12,041,045 -200,280	-2%	-$11M	2.3%	21
2020 Q4	$586M	Buy	+12,241,325	New	+$560M	2.13%	23
2020 Q3	–	Sell	-4,248,325	Closed	-$102M	–	34
2020 Q2	$102M	Sell	4,248,325 -21,252,550	-83%	-$398M	0.52%	28
2020 Q1	$281M	Buy	25,500,875 +20,486,325	+409%	+$317M	1.67%	25
2019 Q4	$92.3M	Buy	+5,014,550	New	+$83.9M	0.49%	38

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

Stephen Mandel's CVNA Position: Q2 2026 in Review

Stephen Mandel increased its Carvana (CVNA) stake by 20% in Q2 2026, buying an estimated $124M and bringing the position to 10,520,666 shares worth $692M. The position accounts for 4.23% of the portfolio, ranked #10.

Stephen Mandel first reported a position in CVNA in Q4 2019 and has held it in 13 quarters since. The position peaked at $751M in Q4 2025. 808 funds tracked by Wall St. Rank hold CVNA as of Q2 2026.

Stephen Mandel held 10,520,666 shares of Carvana worth $692M as of Q2 2026.
Stephen Mandel bought 1,747,121 Carvana shares in Q2 2026, an estimated $124M.
Carvana made up 4.23% of Stephen Mandel's portfolio in Q2 2026, its #10 holding.
Stephen Mandel first reported a position in Carvana in Q4 2019 and has held it in 13 quarters since.
Stephen Mandel's Carvana position peaked at $751M in Q4 2025.
808 funds tracked by Wall St. Rank held Carvana as of Q2 2026.

Based on Lone Pine Capital's 13F filing for Q2 2026, filed 14 Aug 2026.