CarGurus
CARG
163 hedge funds and large institutions have $1.67B invested in CarGurus in 2020 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 62 increasing their positions, 55 reducing their positions, and 60 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 55
5% less call options, than puts
Call options by funds: $9.74M | Put options by funds: $10.3M
6.2% less ownership
Funds ownership: 101.85% → 95.65% (-6.2%)
19% less funds holding
Funds holding: 202 → 163 (-39)
31% less funds holding in top 10
Funds holding in top 10: 16 → 11 (-5)
50% less capital invested
Capital invested by funds: $3.31B → $1.67B (-$1.64B)
58% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$104M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$77.7M |
| 3 |
HP
Hound Partners
New York
|
+$68.7M |
| 4 |
HCM
HMI Capital Management
San Francisco,
California
|
+$59.7M |
| 5 |
WM
Wishbone Management
Chicago,
Illinois
|
+$54.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$265M |
| 2 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
-$124M |
| 3 |
Goldman Sachs
New York
|
-$82.6M |
| 4 |
MCMC
Matrix Capital Management Company
Portsmouth,
New Hampshire
|
-$45.2M |
| 5 |
ClearBridge Investments
New York
|
-$35.6M |
CARG Hedge Fund Activity: Q1 2020 in Review
163 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2020, worth a combined $1.67B — down 50% from $3.31B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of CARG and 25 opened new positions — a net loss of 35 holders — while 55 trimmed existing stakes and 62 added.
The largest buyer was Dragoneer Investment Group, opening a new position worth an estimated $104M. The largest seller was Fidelity Investments, cutting an estimated $265M.
- 163 institutional investors held CarGurus (CARG) as of Q1 2020, down from 202 in Q4 2019.
- Funds reported $1.67B of CarGurus stock for Q1 2020, down 50% quarter-over-quarter.
- 25 funds opened new CarGurus positions in Q1 2020 and 60 closed out, a net change of -35 holders.
- The largest CarGurus buyer in Q1 2020 was Dragoneer Investment Group, an estimated $104M added.
- The largest CarGurus seller in Q1 2020 was Fidelity Investments, an estimated $265M sold.
Based on aggregated 13F filings for Q1 2020.