CarGurus
CARG
262 hedge funds and large institutions have $4.41B invested in CarGurus in 2022 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 87 increasing their positions, 87 reducing their positions, and 37 closing their positions.
827% more call options, than puts
Call options by funds: $96.9M | Put options by funds: $10.5M
81% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 37
40% more capital invested
Capital invested by funds: $3.15B → $4.41B (+$1.26B)
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
12% more funds holding
Funds holding: 234 → 262 (+28)
0.54% more ownership
Funds ownership: 101.21% → 101.75% (+0.54%)
0% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 87
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$121M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$46.6M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$33.1M |
| 4 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$24.4M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$19.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Contour Asset Management
New York
|
-$58.5M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$41.8M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$37.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$34.6M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$24M |
CARG Hedge Fund Activity: Q1 2022 in Review
262 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2022, worth a combined $4.41B — up 40% from $3.15B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new CARG positions and 37 closed out — a net gain of 30 holders — while 87 added to existing stakes and 87 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $121M. The largest seller was Contour Asset Management, cutting an estimated $58.5M.
- 262 institutional investors held CarGurus (CARG) as of Q1 2022, up from 234 in Q4 2021.
- Funds reported $4.41B of CarGurus stock for Q1 2022, up 40% quarter-over-quarter.
- 67 funds opened new CarGurus positions in Q1 2022 and 37 closed out, a net change of +30 holders.
- The largest CarGurus buyer in Q1 2022 was Wellington Management Group, an estimated $121M added.
- The largest CarGurus seller in Q1 2022 was Contour Asset Management, an estimated $58.5M sold.
Based on aggregated 13F filings for Q1 2022.