CarGurus
CARG
202 hedge funds and large institutions have $3B invested in CarGurus in 2020 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 71 increasing their positions, 70 reducing their positions, and 39 closing their positions.
210% more call options, than puts
Call options by funds: $19.1M | Put options by funds: $6.18M
50% more capital invested
Capital invested by funds: $2B → $3B (+$996M)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
1% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 70
0.79% more ownership
Funds ownership: 99.49% → 100.28% (+0.79%)
1% less funds holding
Funds holding: 204 → 202 (-2)
5% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$66.5M |
| 2 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$55.8M |
| 3 |
CAM
Contour Asset Management
New York
|
+$55M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$44.2M |
| 5 |
AM
Atreides Management
Boston,
Massachusetts
|
+$31.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
HMI Capital Management
San Francisco,
California
|
-$111M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$48.2M |
| 3 |
BlackRock
New York
|
-$28.5M |
| 4 |
WM
Wishbone Management
Chicago,
Illinois
|
-$28.1M |
| 5 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$14.5M |
CARG Hedge Fund Activity: Q4 2020 in Review
202 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2020, worth a combined $3B — up 50% from $2B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of CARG and 37 opened new positions — a net loss of 2 holders — while 70 trimmed existing stakes and 71 added.
The largest buyer was Morgan Stanley, adding an estimated $66.5M. The largest seller was HMI Capital Management, exiting entirely with an estimated $111M sold.
- 202 institutional investors held CarGurus (CARG) as of Q4 2020, down from 204 in Q3 2020.
- Funds reported $3B of CarGurus stock for Q4 2020, up 50% quarter-over-quarter.
- 37 funds opened new CarGurus positions in Q4 2020 and 39 closed out, a net change of -2 holders.
- The largest CarGurus buyer in Q4 2020 was Morgan Stanley, an estimated $66.5M added.
- The largest CarGurus seller in Q4 2020 was HMI Capital Management, an estimated $111M sold.
Based on aggregated 13F filings for Q4 2020.