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CarGurus
CARG

199 hedge funds and large institutions have $2.47B invested in CarGurus in 2021 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 82 increasing their positions, 60 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 60

13% more call options, than puts

Call options by funds: $11.3M | Put options by funds: $9.97M

10% more capital invested

Capital invested by funds: $2.25B → $2.47B (+$216M)

9% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 35

1% less funds holding

Funds holding: 202 → 199 (-3)

1.54% less ownership

Funds ownership: 96.67% → 95.13% (-1.5%)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
199
Holders Change
-3
Holders Change %
-1.49%
% of All Funds
3.46%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.09%
New
32
Increased
82
Reduced
60
Closed
35
Calls
$11.3M
Puts
$9.97M
Net Calls
+$1.32M
Net Calls Change
+$9.85M

Top Buyers

1
PCM
PAR Capital Management
Massachusetts
+$48.9M
2
ACA
Anchor Capital Advisors
Massachusetts
+$46.4M
3
PIM
Provident Investment Management
Michigan
+$25.8M
4
NSGL
No Street GP LP
California
+$18.7M
5
HLAM
Hidden Lake Asset Management
New York
+$17.4M

Top Sellers

1
AM
Atreides Management
Massachusetts
-$63.6M
2
Morgan Stanley
Morgan Stanley
New York
-$44.1M
3
DCP
Durable Capital Partners
Maryland
-$31.7M
4
SCM
Scopia Capital Management
New York
-$30.7M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$29.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$258M +$240K +9,245 +0.1%
DIG
2
Dragoneer Investment Group
California
$244M – – –
Wellington Management Group
3
Wellington Management Group
Massachusetts
$194M +$4.31M +165,873 +2%
Manulife (Manufacturers Life Insurance)
4
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$184M -$16.8M -647,572 -8%
BlackRock
5
BlackRock
New York
$161M -$12.8M -493,554 -7%
CAM
6
Contour Asset Management
New York
$88.1M +$8.88M +341,825 +11%
SC
7
Spinnaker Capital
Massachusetts
$79.7M -$7.53M -290,000 -9%
Morgan Stanley
8
Morgan Stanley
New York
$77.7M -$44.1M -1,698,262 -36%
DCP
9
Durable Capital Partners
Maryland
$58.4M -$31.7M -1,219,467 -35%
EVM
10
Eaton Vance Management
Massachusetts
$56.4M +$10.6M +409,789 +24%
ACH
11
ArrowMark Colorado Holdings
Colorado
$53.4M +$12M +463,102 +29%
PCM
12
PAR Capital Management
Massachusetts
$52.2M +$48.9M +1,885,000 +1,795%
State Street
13
State Street
Massachusetts
$50.6M +$2.2M +84,542 +5%
Norges Bank
14
Norges Bank
Norway
$50.3M +$1.3M +49,884 +3%
ACA
15
Anchor Capital Advisors
Massachusetts
$46.9M +$46.4M +1,788,187 New
Geode Capital Management
16
Geode Capital Management
Massachusetts
$41.6M +$2.81M +108,224 +7%
Deutsche Bank
17
Deutsche Bank
Germany
$40M +$13.8M +529,663 +53%
Two Sigma Advisers
18
Two Sigma Advisers
New York
$38.1M -$3.94M -151,700 -9%
Federated Hermes
19
Federated Hermes
Pennsylvania
$35.9M -$29.1M -1,121,832 -45%
Bank of America
20
Bank of America
North Carolina
$30.5M +$11.8M +455,191 +64%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$28.5M +$2.86M +109,971 +11%
Northern Trust
22
Northern Trust
Illinois
$26.6M -$244K -9,397 -0.9%
PIM
23
Provident Investment Management
Michigan
$26M +$25.8M +992,215 New
HP
24
Hound Partners
New York
$23.1M +$16.8M +646,367 +274%
N
25
Nuveen
North Carolina
$22.3M +$841K +32,391 +4%
1
2 3 4 5

CARG Hedge Fund Activity: Q2 2021 in Review

199 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q2 2021, worth a combined $2.47B — up 9.6% from $2.25B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of CARG and 32 opened new positions — a net loss of 3 holders — while 60 trimmed existing stakes and 82 added.

The largest buyer was PAR Capital Management, adding an estimated $48.9M. The largest seller was Atreides Management, exiting entirely with an estimated $63.6M sold.

  • 199 institutional investors held CarGurus (CARG) as of Q2 2021, down from 202 in Q1 2021.
  • Funds reported $2.47B of CarGurus stock for Q2 2021, up 9.6% quarter-over-quarter.
  • 32 funds opened new CarGurus positions in Q2 2021 and 35 closed out, a net change of -3 holders.
  • The largest CarGurus buyer in Q2 2021 was PAR Capital Management, an estimated $48.9M added.
  • The largest CarGurus seller in Q2 2021 was Atreides Management, an estimated $63.6M sold.

Based on aggregated 13F filings for Q2 2021.