CarGurus
CARG
242 hedge funds and large institutions have $2.34B invested in CarGurus in 2023 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 83 increasing their positions, 84 reducing their positions, and 41 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
67% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $6.4M
42% more capital invested
Capital invested by funds: $1.65B → $2.34B (+$698M)
12% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 41
5.91% more ownership
Funds ownership: 94.86% → 100.77% (+5.9%)
1% more funds holding
Funds holding: 239 → 242 (+3)
1% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 84
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$103M |
| 2 |
Man Group
London,
United Kingdom
|
+$33.1M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$32.5M |
| 4 |
Select Equity Group
New York
|
+$10.9M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$7.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$78.5M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$33.2M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$12.3M |
| 4 |
Renaissance Technologies
New York
|
-$11.1M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$5.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
276
Aquatic Capital Management
Chicago,
Illinois
| – | -$58K | -3,300 | Closed |
|
|
FAM
277
Flaharty Asset Management
Clearwater,
Florida
| – | -$52.6K | -3,000 | Closed |
|
|
PI
278
PEAK6 Investments
Chicago,
Illinois
| – | -$53.8K | -2,677 | Closed |
|
279
Acadian Asset Management
Boston,
Massachusetts
| – | -$32K | -1,833 | Closed |
|
|
CSPIA
280
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$4.19K | -239 | Closed |
|
|
BAAM
281
Baker Avenue Asset Management
San Francisco,
California
| – | -$1.3K | -74 | Closed |
|
|
GRP
282
Global Retirement Partners
San Rafael,
California
| – | -$847 | -49 | Closed |
|
CARG Hedge Fund Activity: Q4 2023 in Review
242 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2023, worth a combined $2.34B — up 42% from $1.65B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new CARG positions and 41 closed out — a net gain of 5 holders — while 83 added to existing stakes and 84 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $103M. The largest seller was Dragoneer Investment Group, cutting an estimated $78.5M.
- 242 institutional investors held CarGurus (CARG) as of Q4 2023, up from 239 in Q3 2023.
- Funds reported $2.34B of CarGurus stock for Q4 2023, up 42% quarter-over-quarter.
- 46 funds opened new CarGurus positions in Q4 2023 and 41 closed out, a net change of +5 holders.
- The largest CarGurus buyer in Q4 2023 was Morgan Stanley, an estimated $103M added.
- The largest CarGurus seller in Q4 2023 was Dragoneer Investment Group, an estimated $78.5M sold.
Based on aggregated 13F filings for Q4 2023.