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CarGurus
CARG

204 hedge funds and large institutions have $2B invested in CarGurus in 2020 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 78 increasing their positions, 65 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,018% more call options, than puts

Call options by funds: $35.9M | Put options by funds: $3.21M

81% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 21

20% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 65

9% more funds holding

Funds holding: 188 → 204 (+16)

0.02% more ownership

Funds ownership: 99.46% → 99.49% (+0.02%)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

14% less capital invested

Capital invested by funds: $2.33B → $2B (-$334M)

Holders
204
Holders Change
+16
Holders Change %
+8.51%
% of All Funds
4.12%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.12%
New
38
Increased
78
Reduced
65
Closed
21
Calls
$35.9M
Puts
$3.21M
Net Calls
+$32.7M
Net Calls Change
-$22.1M

Top Buyers

1
EC
Eminence Capital
New York
+$41.6M
2
BlackRock
BlackRock
New York
+$31.6M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
+$28.2M
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
+$23.3M
5
DIG
Dragoneer Investment Group
California
+$15.9M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$36.8M
2
HCM
HMI Capital Management
California
-$34.3M
3
DCP
Durable Capital Partners
Maryland
-$31.3M
4
Deutsche Bank
Deutsche Bank
Germany
-$28.5M
5
Morgan Stanley
Morgan Stanley
New York
-$26.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Manulife (Manufacturers Life Insurance)
1
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$168M -$8.76M -342,365 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$162M -$6.73M -262,761 -3%
BlackRock
3
BlackRock
New York
$160M +$31.6M +1,234,123 +20%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$154M +$15.5M +607,278 +9%
DIG
5
Dragoneer Investment Group
California
$137M +$15.9M +619,954 +11%
DCP
6
Durable Capital Partners
Maryland
$117M -$31.3M -1,220,872 -18%
HCM
7
HMI Capital Management
California
$111M -$34.3M -1,338,308 -21%
SC
8
Spinnaker Capital
Massachusetts
$72M +$122K +4,785 +0.1%
Norges Bank
9
Norges Bank
Norway
$55M +$15.8M +617,423 +32%
EC
10
Eminence Capital
New York
$48.9M +$41.6M +1,624,841 +255%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$43.3M -$36.8M -1,439,004 -42%
State Street
12
State Street
Massachusetts
$38.2M -$577K -22,557 -1%
Morgan Stanley
13
Morgan Stanley
New York
$36.9M -$26.1M -1,019,805 -37%
AO
14
Allen Operations
New York
$30.7M – – –
ACH
15
ArrowMark Colorado Holdings
Colorado
$29.3M +$6.04K +236 +0%
Two Sigma Advisers
16
Two Sigma Advisers
New York
$28.2M +$4.89M +191,200 +17%
WM
17
Wishbone Management
Illinois
$28.1M +$11.5M +450,000 +53%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$27M +$1.27M +49,643 +4%
Two Sigma Investments
19
Two Sigma Investments
New York
$24.2M +$6.35M +248,111 +28%
Northern Trust
20
Northern Trust
Illinois
$23.9M -$1.03M -40,359 -4%
PAMP
21
Polar Asset Management Partners
Ontario, Canada
$23.8M +$28.2M +1,099,980 New
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$23.2M -$6.14M -239,772 -18%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
23
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$21.1M +$23.3M +911,251 +1,388%
Goldman Sachs
24
Goldman Sachs
New York
$20.7M +$6.81M +265,910 +38%
SP
25
StackLine Partners
New York
$19.7M -$1.38M -54,083 -6%
1
2 3 4 5

CARG Hedge Fund Activity: Q3 2020 in Review

204 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2020, worth a combined $2B — down 14% from $2.33B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new CARG positions and 21 closed out — a net gain of 17 holders — while 78 added to existing stakes and 65 trimmed.

The largest buyer was Eminence Capital, adding an estimated $41.6M. The largest seller was Fidelity Investments, cutting an estimated $36.8M.

  • 204 institutional investors held CarGurus (CARG) as of Q3 2020, up from 188 in Q2 2020.
  • Funds reported $2B of CarGurus stock for Q3 2020, down 14% quarter-over-quarter.
  • 38 funds opened new CarGurus positions in Q3 2020 and 21 closed out, a net change of +17 holders.
  • The largest CarGurus buyer in Q3 2020 was Eminence Capital, an estimated $41.6M added.
  • The largest CarGurus seller in Q3 2020 was Fidelity Investments, an estimated $36.8M sold.

Based on aggregated 13F filings for Q3 2020.