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CarGurus
CARG

242 hedge funds and large institutions have $2.34B invested in CarGurus in 2023 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 83 increasing their positions, 84 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 2 → 6 (+4)

67% more call options, than puts

Call options by funds: $10.7M | Put options by funds: $6.4M

42% more capital invested

Capital invested by funds: $1.65B → $2.34B (+$698M)

12% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 41

5.91% more ownership

Funds ownership: 94.86% → 100.77% (+5.9%)

1% more funds holding

Funds holding: 239 → 242 (+3)

1% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 84

Holders
242
Holders Change
+3
Holders Change %
+1.26%
% of All Funds
3.53%
Holding in Top 10
6
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+200%
% of All Funds
0.09%
New
46
Increased
83
Reduced
84
Closed
41
Calls
$10.7M
Puts
$6.4M
Net Calls
+$4.27M
Net Calls Change
-$201K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$103M
2
Man Group
Man Group
United Kingdom
+$33.1M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$32.5M
4
Select Equity Group
Select Equity Group
New York
+$10.9M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
+$7.91M

Top Sellers

Rank Fund Capital Flow
1
DIG
Dragoneer Investment Group
California
-$78.5M
2
PCM
PAR Capital Management
Massachusetts
-$33.2M
3
Marshall Wace
Marshall Wace
United Kingdom
-$12.3M
4
Renaissance Technologies
Renaissance Technologies
New York
-$11.1M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$5.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
Robeco Institutional Asset Management
76
Robeco Institutional Asset Management
Netherlands
$2.14M -$435K -21,664 -20%
Holocene Advisors
77
Holocene Advisors
New York
$2.14M -$247K -12,273 -12%
CS
78
Credit Suisse
Switzerland
$2.07M -$172K -8,561 -9%
AG
79
Algert Global
California
$2.04M -$165K -8,230 -9%
Two Sigma Investments
80
Two Sigma Investments
New York
$2.02M -$34.2K -1,700 -2%
Teacher Retirement System of Texas
81
Teacher Retirement System of Texas
Texas
$1.96M -$1.25M -62,001 -43%
BNP Paribas Financial Markets
82
BNP Paribas Financial Markets
France
$1.94M -$3.11M -155,031 -66%
PFCS
83
Pale Fire Capital SE
Czech Republic
$1.8M +$1.5M +74,494 New
TPSF
84
Texas Permanent School Fund
Texas
$1.79M +$6.43K +320 +0.4%
SCP
85
Seizert Capital Partners
Michigan
$1.77M +$1.47M +73,205 New
SEI Investments
86
SEI Investments
Pennsylvania
$1.72M -$141K -7,017 -9%
Royal Bank of Canada
87
Royal Bank of Canada
Ontario, Canada
$1.68M +$167K +8,329 +14%
New York State Common Retirement Fund
88
New York State Common Retirement Fund
New York
$1.68M -$224K -11,134 -14%
PI
89
Putnam Investments
Massachusetts
$1.67M -$44.2K -2,199 -3%
Mirae Asset Global Investments
90
Mirae Asset Global Investments
South Korea
$1.58M +$7.33K +365 +0.6%
First Trust Advisors
91
First Trust Advisors
Illinois
$1.57M -$676K -33,629 -34%
HF
92
HRT Financial
New York
$1.56M +$595K +29,637 +85%
Renaissance Technologies
93
Renaissance Technologies
New York
$1.5M -$11.1M -550,200 -90%
TD Asset Management
94
TD Asset Management
Ontario, Canada
$1.5M -$107K -5,306 -8%
Citigroup
95
Citigroup
New York
$1.42M +$391K +19,450 +49%
CA
96
Cullinan Associates
Kentucky
$1.38M +$1.15M +57,000 New
GAM
97
Gotham Asset Management
New York
$1.33M -$904K -45,006 -45%
State of Tennessee, Department of Treasury
98
State of Tennessee, Department of Treasury
Tennessee
$1.33M +$13.5K +674 +1%
SWA
99
Stratos Wealth Advisors
Ohio
$1.32M +$64K +3,185 +6%
T. Rowe Price Associates
100
T. Rowe Price Associates
Maryland
$1.3M +$42K +2,089 +4%
2 3
4
5 6

CARG Hedge Fund Activity: Q4 2023 in Review

242 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2023, worth a combined $2.34B — up 42% from $1.65B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new CARG positions and 41 closed out — a net gain of 5 holders — while 83 added to existing stakes and 84 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $103M. The largest seller was Dragoneer Investment Group, cutting an estimated $78.5M.

  • 242 institutional investors held CarGurus (CARG) as of Q4 2023, up from 239 in Q3 2023.
  • Funds reported $2.34B of CarGurus stock for Q4 2023, up 42% quarter-over-quarter.
  • 46 funds opened new CarGurus positions in Q4 2023 and 41 closed out, a net change of +5 holders.
  • The largest CarGurus buyer in Q4 2023 was Morgan Stanley, an estimated $103M added.
  • The largest CarGurus seller in Q4 2023 was Dragoneer Investment Group, an estimated $78.5M sold.

Based on aggregated 13F filings for Q4 2023.