CarGurus
CARG
61 hedge funds and large institutions have $2.08B invested in CarGurus in 2018 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 13 closing their positions.
46% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 13
15% more capital invested
Capital invested by funds: $1.8B → $2.08B (+$272M)
11% more funds holding
Funds holding: 55 → 61 (+6)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
8.06% less ownership
Funds ownership: 78.18% → 70.12% (-8.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.1M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$15.4M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$11.5M |
| 4 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$10.5M |
| 5 |
TAM
Telemark Asset Management
Boston,
Massachusetts
|
+$7.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Bollard Group
Boston,
Massachusetts
|
-$252M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$26.2M |
| 3 |
MCMC
Matrix Capital Management Company
Portsmouth,
New Hampshire
|
-$9.57M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$3.75M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$3M |
CARG Hedge Fund Activity: Q1 2018 in Review
61 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2018, worth a combined $2.08B — up 15% from $1.8B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CARG positions and 13 closed out — a net gain of 6 holders — while 14 added to existing stakes and 15 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $40.1M. The largest seller was Bollard Group, cutting an estimated $252M.
- 61 institutional investors held CarGurus (CARG) as of Q1 2018, up from 55 in Q4 2017.
- Funds reported $2.08B of CarGurus stock for Q1 2018, up 15% quarter-over-quarter.
- 19 funds opened new CarGurus positions in Q1 2018 and 13 closed out, a net change of +6 holders.
- The largest CarGurus buyer in Q1 2018 was Fidelity Investments, an estimated $40.1M added.
- The largest CarGurus seller in Q1 2018 was Bollard Group, an estimated $252M sold.
Based on aggregated 13F filings for Q1 2018.