CarGurus
CARG
202 hedge funds and large institutions have $2.25B invested in CarGurus in 2021 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 77 increasing their positions, 62 reducing their positions, and 35 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 62
3% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 35
0% more funds holding
Funds holding: 202 → 202 (0)
3.61% less ownership
Funds ownership: 100.28% → 96.67% (-3.6%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
25% less capital invested
Capital invested by funds: $2.99B → $2.25B (-$745M)
62% less call options, than puts
Call options by funds: $5.25M | Put options by funds: $13.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Atreides Management
Boston,
Massachusetts
|
+$40.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$34.2M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$24.5M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$23.7M |
| 5 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$20.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$71.7M |
| 2 |
AO
Allen Operations
New York
|
-$45.1M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$40.3M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$26.6M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$25.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWPS
226
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$55K | -1,724 | Closed |
|
|
ASN
227
Advisory Services Network
Atlanta,
Georgia
| – | -$39K | -1,227 | Closed |
|
|
SPIA
228
Steward Partners Investment Advisory
New York
| – | -$16K | -500 | Closed |
|
229
Rockefeller Capital Management
New York
| – | -$11K | -366 | Closed |
|
|
VAIA
230
Virtus Alternative Investment Advisers
Hartford,
Connecticut
| – | -$8K | -238 | Closed |
|
|
CWM
231
Cranbrook Wealth Management
Bloomfield Hills,
Michigan
| – | -$4K | -134 | Closed |
|
|
MIM
232
Macroview Investment Management
Bethesda,
Maryland
| – | -$4K | -113 | Closed |
|
|
TIAM2
233
Tru Independence Asset Management 2
Portland,
Oregon
| – | -$3K | -110 | Closed |
|
|
M1FG
234
Mach-1 Financial Group
Rogers,
Arkansas
| – | +$58 | +2 | New |
|
235
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$261 | +9 | New |
|
|
MWP
236
Meridian Wealth Partners
Exton,
Pennsylvania
| – | +$435 | +15 | New |
|
CARG Hedge Fund Activity: Q1 2021 in Review
202 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2021, worth a combined $2.25B — down 25% from $2.99B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new CARG positions and 35 closed out — a net gain of 1 holder — while 77 added to existing stakes and 62 trimmed.
The largest buyer was Atreides Management, adding an estimated $40.2M. The largest seller was Eminence Capital, exiting entirely with an estimated $71.7M sold.
- 202 institutional investors held CarGurus (CARG) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $2.25B of CarGurus stock for Q1 2021, down 25% quarter-over-quarter.
- 36 funds opened new CarGurus positions in Q1 2021 and 35 closed out, a net change of +1 holder.
- The largest CarGurus buyer in Q1 2021 was Atreides Management, an estimated $40.2M added.
- The largest CarGurus seller in Q1 2021 was Eminence Capital, an estimated $71.7M sold.
Based on aggregated 13F filings for Q1 2021.