CarGurus
CARG
188 hedge funds and large institutions have $2.33B invested in CarGurus in 2020 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 68 increasing their positions, 51 reducing their positions, and 26 closing their positions.
561% more call options, than puts
Call options by funds: $64.6M | Put options by funds: $9.76M
100% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 26
40% more capital invested
Capital invested by funds: $1.67B → $2.33B (+$663M)
33% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 51
15% more funds holding
Funds holding: 163 → 188 (+25)
3.82% more ownership
Funds ownership: 95.65% → 99.46% (+3.8%)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$91.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$80.2M |
| 3 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$47.8M |
| 4 |
Morgan Stanley
New York
|
+$37.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$32.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
-$115M |
| 2 |
MCMC
Matrix Capital Management Company
Portsmouth,
New Hampshire
|
-$72.2M |
| 3 |
BFM
Blacksheep Fund Management
Co. Dublin,
Ireland
|
-$29.8M |
| 4 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
-$29.3M |
| 5 |
WM
Wishbone Management
Chicago,
Illinois
|
-$24.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$469K | -24,741 | Closed |
|
|
ACM
202
AlphaCrest Capital Management
New York
| – | -$402K | -21,200 | Closed |
|
|
WM
203
WS Management
Jacksonville,
Florida
| – | -$373K | -19,700 | Closed |
|
|
SEC
204
Seven Eight Capital
New York
| – | -$295K | -15,600 | Closed |
|
205
TD Asset Management
Toronto,
Ontario, Canada
| – | -$287K | -15,147 | Closed |
|
|
PCIG
206
Partners Capital Investment Group
Boston,
Massachusetts
| – | -$259K | -13,669 | Closed |
|
|
GAM
207
Gotham Asset Management
New York
| – | -$242K | -12,755 | Closed |
|
|
CAN
208
Claraphi Advisory Network
Aliso Viejo,
United States
| – | -$107K | -5,625 | Closed |
|
|
NFG
209
Next Financial Group
Houston,
Texas
| – | -$81K | -4,268 | Closed |
|
210
Victory Capital Management
San Antonio,
Texas
| – | -$52K | -2,724 | Closed |
|
|
PRC
211
Pearl River Capital
Niles,
Michigan
| – | -$48K | -2,541 | Closed |
|
|
LC
212
Lindbrook Capital
Calabasas,
California
| – | -$1.02K | -44 | -83% |
|
|
BFC
213
Bedel Financial Consulting
Indianapolis,
Indiana
| – | -$1K | -27 | Closed |
|
CARG Hedge Fund Activity: Q2 2020 in Review
188 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2020, worth a combined $2.33B — up 40% from $1.67B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new CARG positions and 26 closed out — a net gain of 26 holders — while 68 added to existing stakes and 51 trimmed.
The largest buyer was Durable Capital Partners, adding an estimated $91.5M. The largest seller was Hound Partners, cutting an estimated $115M.
- 188 institutional investors held CarGurus (CARG) as of Q2 2020, up from 163 in Q1 2020.
- Funds reported $2.33B of CarGurus stock for Q2 2020, up 40% quarter-over-quarter.
- 52 funds opened new CarGurus positions in Q2 2020 and 26 closed out, a net change of +26 holders.
- The largest CarGurus buyer in Q2 2020 was Durable Capital Partners, an estimated $91.5M added.
- The largest CarGurus seller in Q2 2020 was Hound Partners, an estimated $115M sold.
Based on aggregated 13F filings for Q2 2020.