CarGurus
CARG
204 hedge funds and large institutions have $2B invested in CarGurus in 2020 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 78 increasing their positions, 65 reducing their positions, and 21 closing their positions.
1,018% more call options, than puts
Call options by funds: $35.9M | Put options by funds: $3.21M
81% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 21
20% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 65
9% more funds holding
Funds holding: 188 → 204 (+16)
0.02% more ownership
Funds ownership: 99.46% → 99.49% (+0.02%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
14% less capital invested
Capital invested by funds: $2.33B → $2B (-$334M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$41.6M |
| 2 |
BlackRock
New York
|
+$31.6M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$28.2M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$23.3M |
| 5 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$36.8M |
| 2 |
HCM
HMI Capital Management
San Francisco,
California
|
-$34.3M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$31.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$28.5M |
| 5 |
Morgan Stanley
New York
|
-$26.1M |
CARG Hedge Fund Activity: Q3 2020 in Review
204 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2020, worth a combined $2B — down 14% from $2.33B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new CARG positions and 21 closed out — a net gain of 17 holders — while 78 added to existing stakes and 65 trimmed.
The largest buyer was Eminence Capital, adding an estimated $41.6M. The largest seller was Fidelity Investments, cutting an estimated $36.8M.
- 204 institutional investors held CarGurus (CARG) as of Q3 2020, up from 188 in Q2 2020.
- Funds reported $2B of CarGurus stock for Q3 2020, down 14% quarter-over-quarter.
- 38 funds opened new CarGurus positions in Q3 2020 and 21 closed out, a net change of +17 holders.
- The largest CarGurus buyer in Q3 2020 was Eminence Capital, an estimated $41.6M added.
- The largest CarGurus seller in Q3 2020 was Fidelity Investments, an estimated $36.8M sold.
Based on aggregated 13F filings for Q3 2020.