CarGurus
CARG
221 hedge funds and large institutions have $2.21B invested in CarGurus in 2022 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 91 increasing their positions, 73 reducing their positions, and 66 closing their positions.
302% more call options, than puts
Call options by funds: $25.6M | Put options by funds: $6.36M
25% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 73
1.09% less ownership
Funds ownership: 101.75% → 100.65% (-1.1%)
16% less funds holding
Funds holding: 262 → 221 (-41)
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
50% less capital invested
Capital invested by funds: $4.41B → $2.21B (-$2.2B)
53% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$35.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$29.8M |
| 3 |
Millennium Management
New York
|
+$18.4M |
| 4 |
BlackRock
New York
|
+$15.1M |
| 5 |
PIM
Provident Investment Management
Novi,
Michigan
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$23.4M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$22M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$20.9M |
| 4 |
BG
Bollard Group
Boston,
Massachusetts
|
-$19.1M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$12.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JWA
276
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$14.8K | -500 | -98% |
|
|
TWA
277
TCI Wealth Advisors
Tucson,
Arizona
| – | -$15K | -348 | Closed |
|
|
CI
278
Cordant Inc
Portland,
Oregon
| – | -$1K | -29 | Closed |
|
|
T
279
TCWP
Beachwood,
Ohio
| – | -$1K | -24 | Closed |
|
|
GWS
280
Glassman Wealth Services
Vienna,
Virginia
| – | -$355 | -12 | -38% |
|
281
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$118 | -4 | -44% |
|
|
AF
282
Allworth Financial
Folsom,
California
| – | +$59 | +2 | +29% |
|
|
DFCM
283
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | +$59 | +2 | New |
|
|
QCG
284
Quadrant Capital Group
Cincinnati,
Ohio
| – | +$148 | +5 | New |
|
|
SFG
285
Steward Financial Group
Colleyville,
Texas
| – | +$888 | +30 | New |
|
CARG Hedge Fund Activity: Q2 2022 in Review
221 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2022, worth a combined $2.21B — down 50% from $4.41B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of CARG and 31 opened new positions — a net loss of 35 holders — while 73 trimmed existing stakes and 91 added.
The largest buyer was PAR Capital Management, adding an estimated $35.8M. The largest seller was Boston Trust Walden, exiting entirely with an estimated $23.4M sold.
- 221 institutional investors held CarGurus (CARG) as of Q2 2022, down from 262 in Q1 2022.
- Funds reported $2.21B of CarGurus stock for Q2 2022, down 50% quarter-over-quarter.
- 31 funds opened new CarGurus positions in Q2 2022 and 66 closed out, a net change of -35 holders.
- The largest CarGurus buyer in Q2 2022 was PAR Capital Management, an estimated $35.8M added.
- The largest CarGurus seller in Q2 2022 was Boston Trust Walden, an estimated $23.4M sold.
Based on aggregated 13F filings for Q2 2022.