CarGurus
CARG
217 hedge funds and large institutions have $3.07B invested in CarGurus in 2021 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 65 increasing their positions, 71 reducing their positions, and 24 closing their positions.
88% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 24
25% more capital invested
Capital invested by funds: $2.47B → $3.07B (+$607M)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
9% more funds holding
Funds holding: 199 → 217 (+18)
2.23% more ownership
Funds ownership: 95.13% → 97.36% (+2.2%)
3% less call options, than puts
Call options by funds: $10.6M | Put options by funds: $11M
8% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$63.9M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$50.9M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$50.3M |
| 4 |
SAM
Scopus Asset Management
New York
|
+$42.6M |
| 5 |
ACA
Anchor Capital Advisors
Boston,
Massachusetts
|
+$19.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$52.7M |
| 2 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$20M |
| 3 |
IM
Islet Management
New York
|
-$19.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$18.8M |
| 5 |
HP
Hound Partners
New York
|
-$18.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SGI
226
Summit Global Investments
Bountiful,
Utah
| – | -$694K | -26,460 | Closed |
|
227
Capital Fund Management (CFM)
Paris,
France
| – | -$655K | -24,973 | Closed |
|
|
PL
228
Parkwood LLC
Cleveland,
Ohio
| – | -$516K | -19,675 | Closed |
|
|
XT
229
XTX Topco
George Town,
Cayman Islands
| – | -$315K | -11,995 | Closed |
|
230
Verition Fund Management
Greenwich,
Connecticut
| – | -$277K | -10,571 | Closed |
|
|
TIM
231
Thornburg Investment Management
Santa Fe,
New Mexico
| – | -$264K | -10,054 | Closed |
|
232
Belvedere Trading
Chicago,
Illinois
| – | -$281K | -10,011 | Closed |
|
|
ASN
233
Advisory Services Network
Atlanta,
Georgia
| – | -$75K | -2,869 | Closed |
|
|
PHK
234
Point72 Hong Kong
Hong Kong
| – | -$21K | -813 | Closed |
|
|
ETC
235
Exchange Traded Concepts
Oklahoma City,
Oklahoma
| – | -$17K | -630 | Closed |
|
|
LC
236
Lindbrook Capital
Calabasas,
California
| – | -$9K | -352 | Closed |
|
|
BU
237
BBVA USA
Birmingham,
Alabama
| – | -$2K | -82 | Closed |
|
CARG Hedge Fund Activity: Q3 2021 in Review
217 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2021, worth a combined $3.07B — up 25% from $2.47B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new CARG positions and 24 closed out — a net gain of 21 holders — while 65 added to existing stakes and 71 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $63.9M. The largest seller was Durable Capital Partners, cutting an estimated $52.7M.
- 217 institutional investors held CarGurus (CARG) as of Q3 2021, up from 199 in Q2 2021.
- Funds reported $3.07B of CarGurus stock for Q3 2021, up 25% quarter-over-quarter.
- 45 funds opened new CarGurus positions in Q3 2021 and 24 closed out, a net change of +21 holders.
- The largest CarGurus buyer in Q3 2021 was Manulife (Manufacturers Life Insurance), an estimated $63.9M added.
- The largest CarGurus seller in Q3 2021 was Durable Capital Partners, an estimated $52.7M sold.
Based on aggregated 13F filings for Q3 2021.