CarGurus
CARG
215 hedge funds and large institutions have $2.27B invested in CarGurus in 2023 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 66 increasing their positions, 62 reducing their positions, and 37 closing their positions.
57% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 37
21% more capital invested
Capital invested by funds: $1.87B → $2.27B (+$395M)
10% more funds holding
Funds holding: 196 → 215 (+19)
1.81% more ownership
Funds ownership: 101.2% → 103.01% (+1.8%)
6% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 62
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
15% less call options, than puts
Call options by funds: $9.27M | Put options by funds: $10.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$149M |
| 2 |
State Street
Boston,
Massachusetts
|
+$23.4M |
| 3 |
Millennium Management
New York
|
+$21.8M |
| 4 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$17.7M |
| 5 |
Renaissance Technologies
New York
|
+$16.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$91.5M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$65.5M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$35.9M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$34.4M |
| 5 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$28.8M |
CARG Hedge Fund Activity: Q2 2023 in Review
215 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2023, worth a combined $2.27B — up 21% from $1.87B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new CARG positions and 37 closed out — a net gain of 21 holders — while 66 added to existing stakes and 62 trimmed.
The largest buyer was BlackRock, adding an estimated $149M. The largest seller was Wellington Management Group, cutting an estimated $91.5M.
- 215 institutional investors held CarGurus (CARG) as of Q2 2023, up from 196 in Q1 2023.
- Funds reported $2.27B of CarGurus stock for Q2 2023, up 21% quarter-over-quarter.
- 58 funds opened new CarGurus positions in Q2 2023 and 37 closed out, a net change of +21 holders.
- The largest CarGurus buyer in Q2 2023 was BlackRock, an estimated $149M added.
- The largest CarGurus seller in Q2 2023 was Wellington Management Group, an estimated $91.5M sold.
Based on aggregated 13F filings for Q2 2023.