CarGurus
CARG
281 hedge funds and large institutions have $2.49B invested in CarGurus in 2024 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 110 increasing their positions, 86 reducing their positions, and 34 closing their positions.
122% more call options, than puts
Call options by funds: $12M | Put options by funds: $5.43M
68% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 34
28% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 86
13% more capital invested
Capital invested by funds: $2.2B → $2.49B (+$289M)
8% more funds holding
Funds holding: 260 → 281 (+21)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0.39% less ownership
Funds ownership: 95.37% → 94.99% (-0.39%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$21.8M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$18.9M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$15.3M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$15.2M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$47.5M |
| 2 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
-$33M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$30.1M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$16.3M |
| 5 |
SM
Sunriver Management
Greenwich,
Connecticut
|
-$6.55M |
CARG Hedge Fund Activity: Q3 2024 in Review
281 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2024, worth a combined $2.49B — up 13% from $2.2B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new CARG positions and 34 closed out — a net gain of 23 holders — while 110 added to existing stakes and 86 trimmed.
The largest buyer was BlackRock, adding an estimated $21.8M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $47.5M.
- 281 institutional investors held CarGurus (CARG) as of Q3 2024, up from 260 in Q2 2024.
- Funds reported $2.49B of CarGurus stock for Q3 2024, up 13% quarter-over-quarter.
- 57 funds opened new CarGurus positions in Q3 2024 and 34 closed out, a net change of +23 holders.
- The largest CarGurus buyer in Q3 2024 was BlackRock, an estimated $21.8M added.
- The largest CarGurus seller in Q3 2024 was ArrowMark Colorado Holdings, an estimated $47.5M sold.
Based on aggregated 13F filings for Q3 2024.