ACV Auctions
ACVA
159 hedge funds and large institutions have $1.6B invested in ACV Auctions in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 50 increasing their positions, 43 reducing their positions, and 17 closing their positions.
514% more call options, than puts
Call options by funds: $9.72M | Put options by funds: $1.58M
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
67% more capital invested
Capital invested by funds: $955M → $1.6B (+$643M)
16% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 43
8% more funds holding
Funds holding: 147 → 159 (+12)
3.02% less ownership
Funds ownership: 100.96% → 97.94% (-3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Candlestick Capital Management
Greenwich,
Connecticut
|
+$51.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$21M |
| 3 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
+$15M |
| 4 |
DAM
Deepwater Asset Management
Minneapolis,
Minnesota
|
+$9.34M |
| 5 |
Goldman Sachs
New York
|
+$7.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$21M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$19M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$11.7M |
| 4 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$10.1M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
-$8.68M |
ACVA Hedge Fund Activity: Q1 2023 in Review
159 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in ACV Auctions (ACVA) for Q1 2023, worth a combined $1.6B — up 67% from $955M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new ACVA positions and 17 closed out — a net gain of 13 holders — while 50 added to existing stakes and 43 trimmed.
The largest buyer was Candlestick Capital Management, opening a new position worth an estimated $51.4M. The largest seller was Massachusetts Financial Services, cutting an estimated $21M.
- 159 institutional investors held ACV Auctions (ACVA) as of Q1 2023, up from 147 in Q4 2022.
- Funds reported $1.6B of ACV Auctions stock for Q1 2023, up 67% quarter-over-quarter.
- 30 funds opened new ACV Auctions positions in Q1 2023 and 17 closed out, a net change of +13 holders.
- The largest ACV Auctions buyer in Q1 2023 was Candlestick Capital Management, an estimated $51.4M added.
- The largest ACV Auctions seller in Q1 2023 was Massachusetts Financial Services, an estimated $21M sold.
Based on aggregated 13F filings for Q1 2023.