CarGurus
CARG
176 hedge funds and large institutions have $3.35B invested in CarGurus in 2019 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 70 increasing their positions, 48 reducing their positions, and 19 closing their positions.
105% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 19
46% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 48
24% more capital invested
Capital invested by funds: $2.69B → $3.35B (+$656M)
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
13% more funds holding
Funds holding: 156 → 176 (+20)
3.07% more ownership
Funds ownership: 89.3% → 92.37% (+3.1%)
9% more call options, than puts
Call options by funds: $6.79M | Put options by funds: $6.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$55.9M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$29M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$22.4M |
| 4 |
D.E. Shaw & Co
New York
|
+$15.1M |
| 5 |
MCMC
Matrix Capital Management Company
Portsmouth,
New Hampshire
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$46M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$37.6M |
| 3 |
BG
Bollard Group
Boston,
Massachusetts
|
-$17.7M |
| 4 |
Millennium Management
New York
|
-$17.5M |
| 5 |
BlackRock
New York
|
-$9.63M |
CARG Hedge Fund Activity: Q1 2019 in Review
176 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2019, worth a combined $3.35B — up 24% from $2.69B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new CARG positions and 19 closed out — a net gain of 20 holders — while 70 added to existing stakes and 48 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $55.9M. The largest seller was Spinnaker Capital, cutting an estimated $46M.
- 176 institutional investors held CarGurus (CARG) as of Q1 2019, up from 156 in Q4 2018.
- Funds reported $3.35B of CarGurus stock for Q1 2019, up 24% quarter-over-quarter.
- 39 funds opened new CarGurus positions in Q1 2019 and 19 closed out, a net change of +20 holders.
- The largest CarGurus buyer in Q1 2019 was Wellington Management Group, an estimated $55.9M added.
- The largest CarGurus seller in Q1 2019 was Spinnaker Capital, an estimated $46M sold.
Based on aggregated 13F filings for Q1 2019.