Summit Partners Public Asset 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 Q1	$40.7M	Sell	647,715 -617,285	-49%	-$45.8M	1.88%	28
2025 Q4	$107M	Buy	1,265,000 +110,970	+10%	+$8.25M	3%	10
2025 Q3	$87.1M	Buy	1,154,030 +854,030	+285%	+$61.1M	2.84%	13
2025 Q2	$20.2M	Sell	300,000 -785,905	-72%	-$43.1M	0.79%	59
2025 Q1	$45.4M	Sell	1,085,905 -588,590	-35%	-$26M	2.18%	31
2024 Q4	$68.1M	Buy	1,674,495 +222,740	+15%	+$10M	2.28%	20
2024 Q3	$50.6M	Sell	1,451,755 -194,320	-12%	-$5.58M	2.28%	22
2024 Q2	$42.4M	Buy	+1,646,075	New	+$33.1M	1.95%	25
2024 Q1	–	Hold	0	–	–	–	147
2023 Q4	–	Hold	0	–	–	–	169
2022 Q4	–	Hold	0	–	–	–	97
2022 Q3	–	Hold	0	–	–	–	149
2022 Q1	–	Hold	0	–	–	–	139
2021 Q4	–	Hold	0	–	–	–	130
2021 Q1	–	Sell	-500,000	Closed	-$24M	–	100
2020 Q4	$24M	Hold	500,000	–	–	1.18%	31
2020 Q3	$22.3M	Hold	500,000	–	–	1.55%	33
2020 Q2	$12M	Buy	500,000 +250,000	+100%	+$4.68M	1.01%	48
2020 Q1	$2.75M	Buy	+250,000	New	+$3.87M	0.31%	59
2019 Q1	–	Sell	-525,000	Closed	-$3.44M	–	85
2018 Q4	$3.44M	Buy	+525,000	New	+$4.42M	0.63%	59