CarGurus
CARG
243 hedge funds and large institutions have $2.02B invested in CarGurus in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 74 increasing their positions, 87 reducing their positions, and 39 closing their positions.
99% more call options, than puts
Call options by funds: $10.8M | Put options by funds: $5.45M
13% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 39
0% more funds holding
Funds holding: 242 → 243 (+1)
4.84% less ownership
Funds ownership: 100.77% → 95.93% (-4.8%)
14% less capital invested
Capital invested by funds: $2.34B → $2.02B (-$319M)
15% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 87
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$43.8M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$34.4M |
| 3 |
SM
Sunriver Management
Greenwich,
Connecticut
|
+$24.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$9.72M |
| 5 |
VMPIC
Varma Mutual Pension Insurance Co
Helsinki,
Finland
|
+$9.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$205M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$48.2M |
| 3 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$44.4M |
| 4 |
Man Group
London,
United Kingdom
|
-$25.9M |
| 5 |
BlackRock
New York
|
-$11.6M |
CARG Hedge Fund Activity: Q1 2024 in Review
243 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2024, worth a combined $2.02B — down 14% from $2.34B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CARG positions and 39 closed out — a net gain of 5 holders — while 74 added to existing stakes and 87 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $43.8M. The largest seller was Morgan Stanley, cutting an estimated $205M.
- 243 institutional investors held CarGurus (CARG) as of Q1 2024, up from 242 in Q4 2023.
- Funds reported $2.02B of CarGurus stock for Q1 2024, down 14% quarter-over-quarter.
- 44 funds opened new CarGurus positions in Q1 2024 and 39 closed out, a net change of +5 holders.
- The largest CarGurus buyer in Q1 2024 was Wellington Management Group, an estimated $43.8M added.
- The largest CarGurus seller in Q1 2024 was Morgan Stanley, an estimated $205M sold.
Based on aggregated 13F filings for Q1 2024.