CarGurus
CARG
239 hedge funds and large institutions have $1.65B invested in CarGurus in 2023 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 73 increasing their positions, 83 reducing their positions, and 28 closing their positions.
122% more call options, than puts
Call options by funds: $8.14M | Put options by funds: $3.67M
89% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 28
11% more funds holding
Funds holding: 215 → 239 (+24)
8.15% less ownership
Funds ownership: 103.01% → 94.86% (-8.1%)
12% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 83
27% less capital invested
Capital invested by funds: $2.27B → $1.65B (-$620M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$17.4M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$14.2M |
| 3 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
+$12.1M |
| 4 |
SGCIA
Smith Graham & Co Investment Advisors
Houston,
Texas
|
+$5.66M |
| 5 |
MC
Mount Capital
London,
United Kingdom
|
+$5.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$91.2M |
| 2 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$69.9M |
| 3 |
Millennium Management
New York
|
-$20.2M |
| 4 |
Man Group
London,
United Kingdom
|
-$12M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$10.1M |
CARG Hedge Fund Activity: Q3 2023 in Review
239 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2023, worth a combined $1.65B — down 27% from $2.27B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new CARG positions and 28 closed out — a net gain of 25 holders — while 73 added to existing stakes and 83 trimmed.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $17.4M. The largest seller was Wellington Management Group, cutting an estimated $91.2M.
- 239 institutional investors held CarGurus (CARG) as of Q3 2023, up from 215 in Q2 2023.
- Funds reported $1.65B of CarGurus stock for Q3 2023, down 27% quarter-over-quarter.
- 53 funds opened new CarGurus positions in Q3 2023 and 28 closed out, a net change of +25 holders.
- The largest CarGurus buyer in Q3 2023 was Thrivent Financial for Lutherans, an estimated $17.4M added.
- The largest CarGurus seller in Q3 2023 was Wellington Management Group, an estimated $91.2M sold.
Based on aggregated 13F filings for Q3 2023.