Virginia Retirement Systems’s Carvana CVNA Stock Holding History

Virginia Retirement Systems’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 Q4	–	Sell	-91,000	Closed	-$6.87M	–	976
2025 Q3	$6.87M	Sell	91,000 -1,500	-2%	-$107K	0.04%	260
2025 Q2	$6.23M	Buy	92,500 +5,500	+6%	+$302K	0.04%	263
2025 Q1	$3.64M	Buy	+87,000	New	+$3.85M	0.03%	289
2023 Q3	$1.16M	Sell	138,000 -45,000	-25%	-$387K	0.01%	469
2023 Q2	$949K	Sell	183,000 -90,000	-33%	-$250K	0.01%	566
2023 Q1	$535K	Sell	273,000 -122,000	-31%	-$212K	0.01%	719
2022 Q4	$374K	Buy	+395,000	New	+$834K	﹤0.01%	907
2020 Q4	–	Sell	-47,500	Closed	-$2.12M	–	1116
2020 Q3	$2.12M	Sell	47,500 -6,000	-11%	-$213K	0.02%	365
2020 Q2	$1.29M	Buy	53,500 +29,000	+118%	+$543K	0.02%	490
2020 Q1	$270K	Buy	+24,500	New	+$379K	﹤0.01%	962
2019 Q3	–	Sell	-34,500	Closed	-$432K	–	1128
2019 Q2	$432K	Buy	+34,500	New	+$443K	0.01%	962

Other funds holding CVNA

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

CIP

CAS Investment Partners Westport, Connecticut $1.75B AUM 41.95% 1-Year Est. Return

GCP

Greenoaks Capital Partners Orinda, California $2.3B AUM 19.87% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Virginia Retirement Systems's CVNA Position: Q4 2025 in Review

Virginia Retirement Systems sold out of Carvana (CVNA) in Q4 2025, closing a stake of 91,000 shares — an estimated $6.87M sold.

Virginia Retirement Systems first reported a position in CVNA in Q2 2019 and held it in 11 quarters. The position peaked at $6.87M in Q3 2025. 850 funds tracked by Wall St. Rank hold CVNA as of Q4 2025.

Virginia Retirement Systems reported no remaining Carvana position as of Q4 2025 after selling out during the quarter.
Virginia Retirement Systems sold 91,000 Carvana shares in Q4 2025, an estimated $6.87M.
Virginia Retirement Systems first reported a position in Carvana in Q2 2019 and held it in 11 quarters.
Virginia Retirement Systems's Carvana position peaked at $6.87M in Q3 2025.
850 funds tracked by Wall St. Rank held Carvana as of Q4 2025.

Based on Virginia Retirement Systems's 13F filing for Q4 2025, filed 4 Feb 2026.