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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
2025
Q3 		– Sell
-1,917,500
Closed -$129M – 29
2025
Q2 		$129M Hold
1,917,500
– – 0.92% 23
2025
Q1 		$80.2M Buy
+1,917,500
New +$84.8M 0.69% 24

Other funds holding CVNA

T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return
Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Capital International Investors
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.