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CarGurus
CARG

196 hedge funds and large institutions have $1.87B invested in CarGurus in 2023 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 68 increasing their positions, 65 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

779% more call options, than puts

Call options by funds: $79.1M | Put options by funds: $9M

30% more capital invested

Capital invested by funds: $1.44B → $1.87B (+$429M)

5% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 65

0.67% more ownership

Funds ownership: 100.53% → 101.2% (+0.67%)

0% more funds holding

Funds holding: 196 → 196 (0)

0% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 29

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
196
Holders Change
–
Holders Change %
0%
% of All Funds
3.12%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
29
Increased
68
Reduced
65
Closed
29
Calls
$79.1M
Puts
$9M
Net Calls
+$70.1M
Net Calls Change
+$75.3M

Top Buyers

Rank Fund Capital Flow
1
ACH
ArrowMark Colorado Holdings
Colorado
+$52.2M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$12.9M
3
KAM
Knightsbridge Asset Management
California
+$12.1M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$11M
5
MC
Mount Capital
United Kingdom
+$7.71M

Top Sellers

Rank Fund Capital Flow
1
PCM
PAR Capital Management
Massachusetts
-$50.2M
2
DCP
Durable Capital Partners
Maryland
-$29.1M
3
Morgan Stanley
Morgan Stanley
New York
-$16.1M
4
CAM
Contour Asset Management
New York
-$12.2M
5
Two Sigma Investments
Two Sigma Investments
New York
-$9.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
FWM
176
Focused Wealth Management
New York
$1.87K – – –
MCM
177
Manchester Capital Management
Vermont
$1.42K +$102 +6 +9%
BAAM
178
Baker Avenue Asset Management
California
$1.38K – – –
CA
179
Centerpoint Advisors
Massachusetts
$1K – – –
EI
180
Ellevest Inc
New York
$990 +$902 +53 New
PTC
181
Private Trust Company
Ohio
$953 – – –
JWA
182
JFS Wealth Advisors
Pennsylvania
$916 +$323 +19 +63%
SC
183
Schubert & Co
Texas
$822 +$204 +12 +38%
GRP
184
Global Retirement Partners
California
$777 -$17 -1 -2%
DWA
185
Delos Wealth Advisors
Texas
$617 – – –
QCG
186
Quadrant Capital Group
Ohio
$542 – – –
Point72 Asset Management
187
Point72 Asset Management
Connecticut
$524 +$476 +28 New
MPWT
188
MassMutual Private Wealth & Trust
Connecticut
$411 – – –
PA
189
Parallel Advisors
California
$374 – – –
AAS
190
Ameritas Advisory Services
Nebraska
$374 +$340 +20 New
Northwestern Mutual Wealth Management
191
Northwestern Mutual Wealth Management
Wisconsin
$374 +$340 +20 New
SIC
192
SJS Investment Consulting
Ohio
$318 +$119 +7 +70%
NA
193
NewEdge Advisors
Louisiana
$280 – – –
DI
194
Disciplined Investments
Oklahoma
$262 +$102 +6 +75%
HCP
195
Hexagon Capital Partners
Arkansas
$149 – – –
FFA
196
Farther Finance Advisors
California
$55 – – –
HNB
197
Huntington National Bank
Ohio
$19 – – –
CAM
198
Contour Asset Management
New York
– -$12.2M -868,237 Closed
N
199
Numerai
California
– -$4.64M -331,351 Closed
Walleye Capital
200
Walleye Capital
New York
– -$4.56M -267,926 Closed
5 6 7
8
9

CARG Hedge Fund Activity: Q1 2023 in Review

196 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2023, worth a combined $1.87B — up 30% from $1.44B a quarter earlier.

Fund positioning in CARG was balanced in Q1 2023: 29 funds opened new positions, 29 closed out, 68 added to existing stakes and 65 trimmed.

The largest buyer was ArrowMark Colorado Holdings, adding an estimated $52.2M. The largest seller was PAR Capital Management, cutting an estimated $50.2M.

  • 196 institutional investors held CarGurus (CARG) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $1.87B of CarGurus stock for Q1 2023, up 30% quarter-over-quarter.
  • 29 funds opened new CarGurus positions in Q1 2023 and 29 closed out, a net change of 0 holders.
  • The largest CarGurus buyer in Q1 2023 was ArrowMark Colorado Holdings, an estimated $52.2M added.
  • The largest CarGurus seller in Q1 2023 was PAR Capital Management, an estimated $50.2M sold.

Based on aggregated 13F filings for Q1 2023.