CarGurus
CARG
260 hedge funds and large institutions have $2.2B invested in CarGurus in 2024 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 77 increasing their positions, 102 reducing their positions, and 31 closing their positions.
79% more call options, than puts
Call options by funds: $11.7M | Put options by funds: $6.54M
61% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 31
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
9% more capital invested
Capital invested by funds: $2.02B → $2.2B (+$179M)
7% more funds holding
Funds holding: 243 → 260 (+17)
0.56% less ownership
Funds ownership: 95.93% → 95.37% (-0.56%)
25% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 102
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$18.1M |
| 2 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$14.8M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$11.1M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$6.8M |
| 5 |
JP Morgan Chase
New York
|
+$5.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$44.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$21.5M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$11M |
| 4 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
-$8.16M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.54M |
CARG Hedge Fund Activity: Q2 2024 in Review
260 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2024, worth a combined $2.2B — up 8.8% from $2.02B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new CARG positions and 31 closed out — a net gain of 19 holders — while 77 added to existing stakes and 102 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $18.1M. The largest seller was BlackRock, cutting an estimated $44.8M.
- 260 institutional investors held CarGurus (CARG) as of Q2 2024, up from 243 in Q1 2024.
- Funds reported $2.2B of CarGurus stock for Q2 2024, up 8.8% quarter-over-quarter.
- 50 funds opened new CarGurus positions in Q2 2024 and 31 closed out, a net change of +19 holders.
- The largest CarGurus buyer in Q2 2024 was PAR Capital Management, an estimated $18.1M added.
- The largest CarGurus seller in Q2 2024 was BlackRock, an estimated $44.8M sold.
Based on aggregated 13F filings for Q2 2024.