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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
JGC
201
J. Goldman & Co
New York
– -$2.34M -166,669 Closed
JAM
202
Jupiter Asset Management
United Kingdom
– -$2.12M -151,056 Closed
CSC
203
Cove Street Capital
California
– -$2.07M -147,400 Closed
CCM
204
Chimera Capital Management
New York
– -$1M -71,734 Closed
SEC
205
Seven Eight Capital
New York
– -$991K -70,726 Closed
Select Equity Group
206
Select Equity Group
New York
– -$934K -66,701 Closed
SSA
207
Schonfeld Strategic Advisors
New York
– -$775K -55,300 Closed
OQS
208
Occudo Quantitative Strategies
Florida
– -$545K -38,874 Closed
Ameriprise
209
Ameriprise
Minnesota
– -$517K -36,787 Closed
Schroder Investment Management Group
210
Schroder Investment Management Group
United Kingdom
– -$429K -30,628 Closed
Walleye Trading
211
Walleye Trading
New York
– -$483K -28,401 Closed
MCC
212
Malaga Cove Capital
California
– -$387K -27,624 Closed
QT
213
Quantbot Technologies
New York
– -$368K -26,251 Closed
Squarepoint
214
Squarepoint
New York
– -$358K -25,553 Closed
AC
215
Aristides Capital
Kentucky
– -$240K -17,166 Closed
NC
216
NinePointTwo Capital
California
– -$164K -11,725 Closed
QT
217
Quantamental Technologies
New York
– -$153K -10,904 Closed
EGM
218
Engineers Gate Manager
New York
– -$143K -10,208 Closed
Rockefeller Capital Management
219
Rockefeller Capital Management
New York
– -$124K -8,913 Closed
PMEF
220
Point72 Middle East FZE
United Arab Emirates
– -$101K -7,225 Closed
IA
221
IFP Advisors
Florida
– -$154K -4,740 Closed
SWM
222
Spire Wealth Management
Virginia
– -$2K -137 Closed
CG
223
Cutler Group
California
– -$1.41K -83 Closed
FGAM
224
Financial Gravity Asset Management
Texas
– -$103 -14 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.