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CarGurus
CARG

61 hedge funds and large institutions have $2.08B invested in CarGurus in 2018 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 13

15% more capital invested

Capital invested by funds: $1.8B → $2.08B (+$272M)

11% more funds holding

Funds holding: 55 → 61 (+6)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

7% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 15

8.06% less ownership

Funds ownership: 78.18% → 70.12% (-8.1%)

Holders
61
Holders Change
+6
Holders Change %
+10.91%
% of All Funds
1.4%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
19
Increased
14
Reduced
15
Closed
13
Calls
$2.55M
Puts
–
Net Calls
+$2.55M
Net Calls Change
+$2.55M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$40.1M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$15.4M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$11.5M
4
CRCM
Cat Rock Capital Management
Connecticut
+$10.5M
5
TAM
Telemark Asset Management
Massachusetts
+$7.29M

Top Sellers

Rank Fund Capital Flow
1
BG
Bollard Group
Massachusetts
-$252M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$26.2M
3
MCMC
Matrix Capital Management Company
New Hampshire
-$9.57M
4
HI
HBK Investments
Texas
-$3.75M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FA
26
Friess Associates
Delaware
$2.61M +$443K +13,387 +25%
Ameriprise
27
Ameriprise
Minnesota
$2.4M +$179K +5,413 +9%
Norges Bank
28
Norges Bank
Norway
$1.92M – – –
MWNA
29
Marshall Wace North America
New York
$1.92M -$1.26M -38,004 -43%
Kayne Anderson Rudnick Investment Management
30
Kayne Anderson Rudnick Investment Management
California
$1.85M -$8.74K -264 -0.5%
SIM
31
Spark Investment Management
New York
$1.75M -$864K -26,075 -36%
TD Asset Management
32
TD Asset Management
Ontario, Canada
$1.59M -$141K -4,266 -9%
JP Morgan Chase
33
JP Morgan Chase
New York
$1.39M -$106K -3,203 -8%
Charles Schwab
34
Charles Schwab
California
$1.07M +$247K +7,468 +37%
Northern Trust
35
Northern Trust
Illinois
$775K +$75.9K +2,292 +13%
JSP
36
Jackson Square Partners
California
$771K -$609K -18,399 -48%
Macquarie Group
37
Macquarie Group
Australia
$761K -$602K -18,165 -48%
MC
38
Menta Capital
California
$741K +$638K +19,260 New
RC
39
Roundview Capital
New Jersey
$698K +$601K +18,150 New
Verition Fund Management
40
Verition Fund Management
Connecticut
$518K +$446K +13,462 New
Millennium Management
41
Millennium Management
New York
$499K +$430K +12,968 New
PPA
42
Parametric Portfolio Associates
Washington
$403K – – –
LCM
43
Laurion Capital Management
New York
$387K +$333K +10,049 New
Bank of New York Mellon
44
Bank of New York Mellon
New York
$350K +$301K +9,095 New
D.E. Shaw & Co
45
D.E. Shaw & Co
New York
$315K +$271K +8,183 New
SGM
46
Skye Global Management
Florida
$308K +$265K +8,000 New
State Street
47
State Street
Massachusetts
$308K +$265K +8,000 New
RJA
48
Raymond James & Associates
Florida
$296K +$255K +7,701 New
ARTA
49
A.R.T. Advisors
New York
$290K +$250K +7,553 New
Barclays
50
Barclays
United Kingdom
$229K -$51.2K -1,547 -21%
1
2
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CARG Hedge Fund Activity: Q1 2018 in Review

61 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2018, worth a combined $2.08B — up 15% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new CARG positions and 13 closed out — a net gain of 6 holders — while 14 added to existing stakes and 15 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $40.1M. The largest seller was Bollard Group, cutting an estimated $252M.

  • 61 institutional investors held CarGurus (CARG) as of Q1 2018, up from 55 in Q4 2017.
  • Funds reported $2.08B of CarGurus stock for Q1 2018, up 15% quarter-over-quarter.
  • 19 funds opened new CarGurus positions in Q1 2018 and 13 closed out, a net change of +6 holders.
  • The largest CarGurus buyer in Q1 2018 was Fidelity Investments, an estimated $40.1M added.
  • The largest CarGurus seller in Q1 2018 was Bollard Group, an estimated $252M sold.

Based on aggregated 13F filings for Q1 2018.