CarGurus
CARG
159 hedge funds and large institutions have $2.78B invested in CarGurus in 2019 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 63 increasing their positions, 47 reducing their positions, and 39 closing their positions.
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
34% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 47
2.27% more ownership
Funds ownership: 96.66% → 98.93% (+2.3%)
2% less call options, than puts
Call options by funds: $3.13M | Put options by funds: $3.2M
6% less funds holding
Funds holding: 169 → 159 (-10)
12% less capital invested
Capital invested by funds: $3.16B → $2.78B (-$380M)
23% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
HMI Capital Management
San Francisco,
California
|
+$106M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$38.9M |
| 3 |
ClearBridge Investments
New York
|
+$35.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$30.6M |
| 5 |
BlackRock
New York
|
+$24.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
-$40.2M |
| 2 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$35.2M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$33.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$32.6M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$15.9M |
CARG Hedge Fund Activity: Q3 2019 in Review
159 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2019, worth a combined $2.78B — down 12% from $3.16B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of CARG and 30 opened new positions — a net loss of 9 holders — while 47 trimmed existing stakes and 63 added.
The largest buyer was HMI Capital Management, adding an estimated $106M. The largest seller was Hound Partners, cutting an estimated $40.2M.
- 159 institutional investors held CarGurus (CARG) as of Q3 2019, down from 169 in Q2 2019.
- Funds reported $2.78B of CarGurus stock for Q3 2019, down 12% quarter-over-quarter.
- 30 funds opened new CarGurus positions in Q3 2019 and 39 closed out, a net change of -9 holders.
- The largest CarGurus buyer in Q3 2019 was HMI Capital Management, an estimated $106M added.
- The largest CarGurus seller in Q3 2019 was Hound Partners, an estimated $40.2M sold.
Based on aggregated 13F filings for Q3 2019.