CarGurus
CARG
202 hedge funds and large institutions have $2.25B invested in CarGurus in 2021 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 77 increasing their positions, 62 reducing their positions, and 35 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 62
3% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 35
0% more funds holding
Funds holding: 202 → 202 (0)
3.61% less ownership
Funds ownership: 100.28% → 96.67% (-3.6%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
25% less capital invested
Capital invested by funds: $2.99B → $2.25B (-$745M)
62% less call options, than puts
Call options by funds: $5.25M | Put options by funds: $13.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Atreides Management
Boston,
Massachusetts
|
+$40.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$34.2M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$24.5M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$23.7M |
| 5 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$20.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$71.7M |
| 2 |
AO
Allen Operations
New York
|
-$45.1M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$40.3M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$26.6M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$25.7M |
CARG Hedge Fund Activity: Q1 2021 in Review
202 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2021, worth a combined $2.25B — down 25% from $2.99B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new CARG positions and 35 closed out — a net gain of 1 holder — while 77 added to existing stakes and 62 trimmed.
The largest buyer was Atreides Management, adding an estimated $40.2M. The largest seller was Eminence Capital, exiting entirely with an estimated $71.7M sold.
- 202 institutional investors held CarGurus (CARG) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $2.25B of CarGurus stock for Q1 2021, down 25% quarter-over-quarter.
- 36 funds opened new CarGurus positions in Q1 2021 and 35 closed out, a net change of +1 holder.
- The largest CarGurus buyer in Q1 2021 was Atreides Management, an estimated $40.2M added.
- The largest CarGurus seller in Q1 2021 was Eminence Capital, an estimated $71.7M sold.
Based on aggregated 13F filings for Q1 2021.