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CarGurus
CARG

281 hedge funds and large institutions have $2.49B invested in CarGurus in 2024 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 110 increasing their positions, 86 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more call options, than puts

Call options by funds: $12M | Put options by funds: $5.43M

68% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 34

28% more repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 86

13% more capital invested

Capital invested by funds: $2.2B → $2.49B (+$289M)

8% more funds holding

Funds holding: 260 → 281 (+21)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.39% less ownership

Funds ownership: 95.37% → 94.99% (-0.39%)

Holders
281
Holders Change
+21
Holders Change %
+8.08%
% of All Funds
4.04%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
57
Increased
110
Reduced
86
Closed
34
Calls
$12M
Puts
$5.43M
Net Calls
+$6.61M
Net Calls Change
+$1.44M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$21.8M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$18.9M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$15.3M
4
N
Nuveen
North Carolina
+$15.2M
5
PCM
PAR Capital Management
Massachusetts
+$11.2M

Top Sellers

Rank Fund Capital Flow
1
ACH
ArrowMark Colorado Holdings
Colorado
-$47.5M
2
FAM
Foxhaven Asset Management
Virginia
-$33M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$30.1M
4
IECM
Intrinsic Edge Capital Management
Illinois
-$16.3M
5
SM
Sunriver Management
Connecticut
-$6.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
301
Weiss Asset Management
Massachusetts
– -$369K -14,084 Closed
Susquehanna International Group
302
Susquehanna International Group
Pennsylvania
– -$355K -13,160 Closed
LCM
303
Laurion Capital Management
New York
– -$263K -10,023 Closed
BC
304
Bridgefront Capital
Texas
– -$261K -9,972 Closed
EI
305
Ethic Inc
New York
– -$252K -9,618 Closed
EC
306
EntryPoint Capital
New York
– -$109K -4,169 Closed
NC
307
nVerses Capital
Florida
– -$102K -3,900 Closed
BCV
308
Banque Cantonale Vaudoise
Switzerland
– -$93K -3,548 Closed
GCM
309
Gladius Capital Management
Illinois
– -$88.6K -3,383 Closed
CFM
310
Catalyst Funds Management
Australia
– -$26.2K -1,000 Closed
AssetMark Inc
311
AssetMark Inc
California
– -$1.57K -60 Closed
IC
312
Innealta Capital
Texas
– -$1.44K -55 Closed
RWMG
313
Redwood Wealth Management Group
New Jersey
– -$1.18K -45 Closed
CFO
314
CVA Family Office
Colorado
– -$498 -19 Closed
GI
315
Gradient Investments
Minnesota
– -$157 -6 Closed
9 10 11 12
13

CARG Hedge Fund Activity: Q3 2024 in Review

281 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2024, worth a combined $2.49B — up 13% from $2.2B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new CARG positions and 34 closed out — a net gain of 23 holders — while 110 added to existing stakes and 86 trimmed.

The largest buyer was BlackRock, adding an estimated $21.8M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $47.5M.

  • 281 institutional investors held CarGurus (CARG) as of Q3 2024, up from 260 in Q2 2024.
  • Funds reported $2.49B of CarGurus stock for Q3 2024, up 13% quarter-over-quarter.
  • 57 funds opened new CarGurus positions in Q3 2024 and 34 closed out, a net change of +23 holders.
  • The largest CarGurus buyer in Q3 2024 was BlackRock, an estimated $21.8M added.
  • The largest CarGurus seller in Q3 2024 was ArrowMark Colorado Holdings, an estimated $47.5M sold.

Based on aggregated 13F filings for Q3 2024.