CarGurus
CARG
196 hedge funds and large institutions have $1.44B invested in CarGurus in 2022 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 65 increasing their positions, 70 reducing their positions, and 52 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
0.46% more ownership
Funds ownership: 100.07% → 100.53% (+0.46%)
1% less capital invested
Capital invested by funds: $1.46B → $1.44B (-$14.7M)
7% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 70
8% less funds holding
Funds holding: 213 → 196 (-17)
29% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 52
64% less call options, than puts
Call options by funds: $2.9M | Put options by funds: $8.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$55.5M |
| 2 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
+$53.9M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$44.6M |
| 4 |
Morgan Stanley
New York
|
+$26M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$37.9M |
| 2 |
ACA
Anchor Capital Advisors
Boston,
Massachusetts
|
-$21.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$16.6M |
| 4 |
Millennium Management
New York
|
-$15.6M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$15.3M |
CARG Hedge Fund Activity: Q4 2022 in Review
196 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2022, worth a combined $1.44B — down 1% from $1.46B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of CARG and 37 opened new positions — a net loss of 15 holders — while 70 trimmed existing stakes and 65 added.
The largest buyer was ArrowMark Colorado Holdings, adding an estimated $55.5M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $37.9M.
- 196 institutional investors held CarGurus (CARG) as of Q4 2022, down from 213 in Q3 2022.
- Funds reported $1.44B of CarGurus stock for Q4 2022, down 1% quarter-over-quarter.
- 37 funds opened new CarGurus positions in Q4 2022 and 52 closed out, a net change of -15 holders.
- The largest CarGurus buyer in Q4 2022 was ArrowMark Colorado Holdings, an estimated $55.5M added.
- The largest CarGurus seller in Q4 2022 was Manulife (Manufacturers Life Insurance), an estimated $37.9M sold.
Based on aggregated 13F filings for Q4 2022.