CarGurus
CARG
147 hedge funds and large institutions have $4.23B invested in CarGurus in 2018 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 48 increasing their positions, 28 reducing their positions, and 15 closing their positions.
307% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 15
75% more capital invested
Capital invested by funds: $2.42B → $4.23B (+$1.81B)
71% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 28
57% more funds holding in top 10
Funds holding in top 10: 7 → 11 (+4)
44% more funds holding
Funds holding: 102 → 147 (+45)
5.77% more ownership
Funds ownership: 79.88% → 85.64% (+5.8%)
30% less call options, than puts
Call options by funds: $5.74M | Put options by funds: $8.22M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
+$158M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$48.1M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$46.2M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$35.1M |
| 5 |
Renaissance Technologies
New York
|
+$27.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$68.5M |
| 2 |
MWNA
Marshall Wace North America
New York
|
-$62.3M |
| 3 |
AO
Allen Operations
New York
|
-$61.2M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$36.2M |
| 5 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
-$28.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TI
151
Trexquant Investment
Stamford,
Connecticut
| – | -$776K | -22,344 | Closed |
|
152
D.E. Shaw & Co
New York
| – | -$317K | -9,122 | Closed |
|
|
SCC
153
Spring Creek Capital
Wichita,
Kansas
| – | -$293K | -8,424 | Closed |
|
|
AB
154
Amalgamated Bank
New York
| – | -$261K | -7,502 | Closed |
|
|
NIT
155
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$227K | -6,600 | Closed |
|
|
PIA
156
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$30K | -854 | Closed |
|
157
Envestnet Asset Management
Chicago,
Illinois
| – | -$7K | -196 | Closed |
|
|
FDCDDQ
158
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$5.21K | -150 | Closed |
|
|
SPIA
159
Steward Partners Investment Advisory
New York
| – | -$2K | -52 | Closed |
|
|
PHK
160
Point72 Hong Kong
Hong Kong
| – | -$2K | -45 | Closed |
|
|
HNB
161
Huntington National Bank
Columbus,
Ohio
| – | +$46 | +1 | New |
|
CARG Hedge Fund Activity: Q3 2018 in Review
147 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2018, worth a combined $4.23B — up 75% from $2.42B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new CARG positions and 15 closed out — a net gain of 46 holders — while 48 added to existing stakes and 28 trimmed.
The largest buyer was Hound Partners, opening a new position worth an estimated $158M. The largest seller was Spinnaker Capital, cutting an estimated $68.5M.
- 147 institutional investors held CarGurus (CARG) as of Q3 2018, up from 102 in Q2 2018.
- Funds reported $4.23B of CarGurus stock for Q3 2018, up 75% quarter-over-quarter.
- 61 funds opened new CarGurus positions in Q3 2018 and 15 closed out, a net change of +46 holders.
- The largest CarGurus buyer in Q3 2018 was Hound Partners, an estimated $158M added.
- The largest CarGurus seller in Q3 2018 was Spinnaker Capital, an estimated $68.5M sold.
Based on aggregated 13F filings for Q3 2018.