CarGurus
CARG
202 hedge funds and large institutions have $3.31B invested in CarGurus in 2019 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 65 increasing their positions, 46 reducing their positions, and 20 closing their positions.
220% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 20
45% more funds holding in top 10
Funds holding in top 10: 11 → 16 (+5)
41% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 46
27% more funds holding
Funds holding: 159 → 202 (+43)
19% more capital invested
Capital invested by funds: $2.78B → $3.31B (+$529M)
2.91% more ownership
Funds ownership: 98.93% → 101.85% (+2.9%)
54% less call options, than puts
Call options by funds: $1.46M | Put options by funds: $3.15M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$94.5M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$40.4M |
| 3 |
HCM
HMI Capital Management
San Francisco,
California
|
+$33.8M |
| 4 |
Two Sigma Investments
New York
|
+$23.8M |
| 5 |
DIGDR
Dynamo Internacional Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$23.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$119M |
| 2 |
HP
Hound Partners
New York
|
-$82.8M |
| 3 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$33.4M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$21.6M |
| 5 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
-$14.1M |
CARG Hedge Fund Activity: Q4 2019 in Review
202 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2019, worth a combined $3.31B — up 19% from $2.78B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new CARG positions and 20 closed out — a net gain of 44 holders — while 65 added to existing stakes and 46 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $94.5M. The largest seller was Fidelity Investments, cutting an estimated $119M.
- 202 institutional investors held CarGurus (CARG) as of Q4 2019, up from 159 in Q3 2019.
- Funds reported $3.31B of CarGurus stock for Q4 2019, up 19% quarter-over-quarter.
- 64 funds opened new CarGurus positions in Q4 2019 and 20 closed out, a net change of +44 holders.
- The largest CarGurus buyer in Q4 2019 was Goldman Sachs, an estimated $94.5M added.
- The largest CarGurus seller in Q4 2019 was Fidelity Investments, an estimated $119M sold.
Based on aggregated 13F filings for Q4 2019.