CarGurus
CARG
199 hedge funds and large institutions have $2.47B invested in CarGurus in 2021 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 82 increasing their positions, 60 reducing their positions, and 35 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 60
13% more call options, than puts
Call options by funds: $11.3M | Put options by funds: $9.97M
10% more capital invested
Capital invested by funds: $2.25B → $2.47B (+$216M)
9% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 35
1% less funds holding
Funds holding: 202 → 199 (-3)
1.54% less ownership
Funds ownership: 96.67% → 95.13% (-1.5%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$48.9M |
| 2 |
ACA
Anchor Capital Advisors
Boston,
Massachusetts
|
+$46.4M |
| 3 |
PIM
Provident Investment Management
Novi,
Michigan
|
+$25.8M |
| 4 |
NSGL
No Street GP LP
San Francisco,
California
|
+$18.7M |
| 5 |
HLAM
Hidden Lake Asset Management
New York
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Atreides Management
Boston,
Massachusetts
|
-$63.6M |
| 2 |
Morgan Stanley
New York
|
-$44.1M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$31.7M |
| 4 |
SCM
Scopia Capital Management
New York
|
-$30.7M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$29.1M |
CARG Hedge Fund Activity: Q2 2021 in Review
199 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2021, worth a combined $2.47B — up 9.6% from $2.25B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of CARG and 32 opened new positions — a net loss of 3 holders — while 60 trimmed existing stakes and 82 added.
The largest buyer was PAR Capital Management, adding an estimated $48.9M. The largest seller was Atreides Management, exiting entirely with an estimated $63.6M sold.
- 199 institutional investors held CarGurus (CARG) as of Q2 2021, down from 202 in Q1 2021.
- Funds reported $2.47B of CarGurus stock for Q2 2021, up 9.6% quarter-over-quarter.
- 32 funds opened new CarGurus positions in Q2 2021 and 35 closed out, a net change of -3 holders.
- The largest CarGurus buyer in Q2 2021 was PAR Capital Management, an estimated $48.9M added.
- The largest CarGurus seller in Q2 2021 was Atreides Management, an estimated $63.6M sold.
Based on aggregated 13F filings for Q2 2021.