CarGurus
CARG
102 hedge funds and large institutions have $2.42B invested in CarGurus in 2018 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 38 increasing their positions, 9 reducing their positions, and 8 closing their positions.
513% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 8
322% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 9
67% more funds holding
Funds holding: 61 → 102 (+41)
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
17% more capital invested
Capital invested by funds: $2.08B → $2.42B (+$344M)
9.76% more ownership
Funds ownership: 70.12% → 79.88% (+9.8%)
71% less call options, than puts
Call options by funds: $403K | Put options by funds: $1.37M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$168M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$131M |
| 3 |
MCMC
Matrix Capital Management Company
Portsmouth,
New Hampshire
|
+$114M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$96.2M |
| 5 |
BlackRock
New York
|
+$88.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$106M |
| 2 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$106M |
| 3 |
AO
Allen Operations
New York
|
-$84.7M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$55.2M |
| 5 |
BG
Bollard Group
Boston,
Massachusetts
|
-$30M |
CARG Hedge Fund Activity: Q2 2018 in Review
102 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2018, worth a combined $2.42B — up 17% from $2.08B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CARG positions and 8 closed out — a net gain of 41 holders — while 38 added to existing stakes and 9 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $168M. The largest seller was Winslow Capital Management, exiting entirely with an estimated $106M sold.
- 102 institutional investors held CarGurus (CARG) as of Q2 2018, up from 61 in Q1 2018.
- Funds reported $2.42B of CarGurus stock for Q2 2018, up 17% quarter-over-quarter.
- 49 funds opened new CarGurus positions in Q2 2018 and 8 closed out, a net change of +41 holders.
- The largest CarGurus buyer in Q2 2018 was Fidelity Investments, an estimated $168M added.
- The largest CarGurus seller in Q2 2018 was Winslow Capital Management, an estimated $106M sold.
Based on aggregated 13F filings for Q2 2018.