CarGurus
CARG
169 hedge funds and large institutions have $3.16B invested in CarGurus in 2019 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 70 increasing their positions, 49 reducing their positions, and 36 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 49
4.29% more ownership
Funds ownership: 92.37% → 96.66% (+4.3%)
8% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 36
4% less funds holding
Funds holding: 176 → 169 (-7)
6% less capital invested
Capital invested by funds: $3.35B → $3.16B (-$188M)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
59% less call options, than puts
Call options by funds: $3.3M | Put options by funds: $8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$100M |
| 2 |
BlackRock
New York
|
+$61.3M |
| 3 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$60.7M |
| 4 |
HCM
HMI Capital Management
San Francisco,
California
|
+$47M |
| 5 |
HP
Hound Partners
New York
|
+$42.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$204M |
| 2 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$69.2M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$18.6M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$14.2M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$13.9M |
CARG Hedge Fund Activity: Q2 2019 in Review
169 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2019, worth a combined $3.16B — down 5.6% from $3.35B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of CARG and 33 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 70 added.
The largest buyer was Fidelity Investments, adding an estimated $100M. The largest seller was T. Rowe Price Associates, cutting an estimated $204M.
- 169 institutional investors held CarGurus (CARG) as of Q2 2019, down from 176 in Q1 2019.
- Funds reported $3.16B of CarGurus stock for Q2 2019, down 5.6% quarter-over-quarter.
- 33 funds opened new CarGurus positions in Q2 2019 and 36 closed out, a net change of -3 holders.
- The largest CarGurus buyer in Q2 2019 was Fidelity Investments, an estimated $100M added.
- The largest CarGurus seller in Q2 2019 was T. Rowe Price Associates, an estimated $204M sold.
Based on aggregated 13F filings for Q2 2019.