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CarGurus
CARG

260 hedge funds and large institutions have $2.2B invested in CarGurus in 2024 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 77 increasing their positions, 102 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more call options, than puts

Call options by funds: $11.7M | Put options by funds: $6.54M

61% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 31

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

9% more capital invested

Capital invested by funds: $2.02B → $2.2B (+$179M)

7% more funds holding

Funds holding: 243 → 260 (+17)

0.56% less ownership

Funds ownership: 95.93% → 95.37% (-0.56%)

25% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 102

Holders
260
Holders Change
+17
Holders Change %
+7%
% of All Funds
3.76%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
50
Increased
77
Reduced
102
Closed
31
Calls
$11.7M
Puts
$6.54M
Net Calls
+$5.17M
Net Calls Change
-$228K

Top Buyers

Rank Fund Capital Flow
1
PCM
PAR Capital Management
Massachusetts
+$18.1M
2
IECM
Intrinsic Edge Capital Management
Illinois
+$14.8M
3
Marshall Wace
Marshall Wace
United Kingdom
+$11.1M
4
GGHC
Gilder Gagnon Howe & Co
New York
+$6.8M
5
JP Morgan Chase
JP Morgan Chase
New York
+$5.73M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$44.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$21.5M
3
ACH
ArrowMark Colorado Holdings
Colorado
-$11M
4
KAM
Knightsbridge Asset Management
California
-$8.16M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$6.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
VI
276
Versor Investments
New York
– -$377K -16,354 Closed
Two Sigma Investments
277
Two Sigma Investments
New York
– -$362K -15,700 Closed
NYLIM
278
New York Life Investment Management
New York
– -$355K -15,383 Closed
MAM
279
Martingale Asset Management
Massachusetts
– -$335K -14,498 Closed
SGI
280
Summit Global Investments
Utah
– -$274K -11,886 Closed
Grantham, Mayo, Van Otterloo & Co (GMO)
281
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
– -$231K -10,020 Closed
MM
282
MQS Management
New York
– -$211K -9,128 Closed
Asset Management One
283
Asset Management One
Japan
– -$170K -7,349 Closed
VI
284
Vestcor Inc
New Brunswick, Canada
– -$168K -7,265 Closed
MLICM
285
Metropolitan Life Insurance Company (MetLife)
New York
– -$116K -5,041 Closed
HT
286
Headlands Technologies
Illinois
– -$49.1K -2,126 Closed
CA
287
CoreCap Advisors
Michigan
– -$17.8K -771 Closed
A
288
AlphaQuest
New York
– -$1.11K -48 Closed
AWM
289
Avior Wealth Management
Nebraska
– -$438 -19 Closed
AW
290
Avion Wealth
Texas
– +$500 +21 New
8 9 10 11
12

CARG Hedge Fund Activity: Q2 2024 in Review

260 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2024, worth a combined $2.2B — up 8.8% from $2.02B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new CARG positions and 31 closed out — a net gain of 19 holders — while 77 added to existing stakes and 102 trimmed.

The largest buyer was PAR Capital Management, adding an estimated $18.1M. The largest seller was BlackRock, cutting an estimated $44.8M.

  • 260 institutional investors held CarGurus (CARG) as of Q2 2024, up from 243 in Q1 2024.
  • Funds reported $2.2B of CarGurus stock for Q2 2024, up 8.8% quarter-over-quarter.
  • 50 funds opened new CarGurus positions in Q2 2024 and 31 closed out, a net change of +19 holders.
  • The largest CarGurus buyer in Q2 2024 was PAR Capital Management, an estimated $18.1M added.
  • The largest CarGurus seller in Q2 2024 was BlackRock, an estimated $44.8M sold.

Based on aggregated 13F filings for Q2 2024.