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CarGurus
CARG

202 hedge funds and large institutions have $2.99B invested in CarGurus in 2020 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 71 increasing their positions, 70 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $19.1M | Put options by funds: $6.18M

50% more capital invested

Capital invested by funds: $2B → $2.99B (+$999M)

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

1% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 70

0.79% more ownership

Funds ownership: 99.49% → 100.28% (+0.79%)

1% less funds holding

Funds holding: 204 → 202 (-2)

5% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 39

Holders
202
Holders Change
-2
Holders Change %
-0.98%
% of All Funds
3.57%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.12%
New
37
Increased
71
Reduced
70
Closed
39
Calls
$19.1M
Puts
$6.18M
Net Calls
+$13M
Net Calls Change
-$19.7M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$66.5M
2
DIG
Dragoneer Investment Group
California
+$55.8M
3
CAM
Contour Asset Management
New York
+$55M
4
Federated Hermes
Federated Hermes
Pennsylvania
+$44.2M
5
AM
Atreides Management
Massachusetts
+$31.6M

Top Sellers

Rank Fund Capital Flow
1
HCM
HMI Capital Management
California
-$111M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$48.2M
3
BlackRock
BlackRock
New York
-$28.5M
4
WM
Wishbone Management
Illinois
-$28.1M
5
DCP
Durable Capital Partners
Maryland
-$14.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
HF
226
HRT Financial
New York
– -$367K -17,010 Closed
HCA
227
Hyperion Capital Advisors
New York
– -$354K -16,370 Closed
CG
228
Cutler Group
California
– -$396K -16,040 Closed
TC
229
TwinBeech Capital
New York
– -$323K -14,954 Closed
Axa
230
Axa
France
– -$257K -11,900 Closed
GC
231
Guggenheim Capital
Illinois
– -$251K -11,615 Closed
OR
232
Olympiad Research
Connecticut
– -$238K -10,982 Closed
CI Investments Inc
233
CI Investments Inc
Ontario, Canada
– -$231K -10,690 Closed
HS
234
Haafor (Singapore)
Singapore
– -$228K -10,518 Closed
Wolverine Trading
235
Wolverine Trading
Illinois
– -$257K -10,422 Closed
QT
236
Quantbot Technologies
New York
– -$102K -4,731 Closed
WAM
237
Wolverine Asset Management
Illinois
– -$38K -1,786 Closed
Group One Trading
238
Group One Trading
Illinois
– -$27.8K -1,124 Closed
ETC
239
Exchange Traded Concepts
Oklahoma
– -$5K -212 Closed
WEC
240
Winslow Evans & Crocker
Massachusetts
– -$1K -45 Closed
6 7 8 9
10

CARG Hedge Fund Activity: Q4 2020 in Review

202 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2020, worth a combined $2.99B — up 50% from $2B a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of CARG and 37 opened new positions — a net loss of 2 holders — while 70 trimmed existing stakes and 71 added.

The largest buyer was Morgan Stanley, adding an estimated $66.5M. The largest seller was HMI Capital Management, exiting entirely with an estimated $111M sold.

  • 202 institutional investors held CarGurus (CARG) as of Q4 2020, down from 204 in Q3 2020.
  • Funds reported $2.99B of CarGurus stock for Q4 2020, up 50% quarter-over-quarter.
  • 37 funds opened new CarGurus positions in Q4 2020 and 39 closed out, a net change of -2 holders.
  • The largest CarGurus buyer in Q4 2020 was Morgan Stanley, an estimated $66.5M added.
  • The largest CarGurus seller in Q4 2020 was HMI Capital Management, an estimated $111M sold.

Based on aggregated 13F filings for Q4 2020.