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CarGurus
CARG

217 hedge funds and large institutions have $3.07B invested in CarGurus in 2021 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 65 increasing their positions, 71 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 24

25% more capital invested

Capital invested by funds: $2.47B → $3.07B (+$607M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

9% more funds holding

Funds holding: 199 → 217 (+18)

2.23% more ownership

Funds ownership: 95.13% → 97.36% (+2.2%)

3% less call options, than puts

Call options by funds: $10.6M | Put options by funds: $11M

8% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 71

Holders
217
Holders Change
+18
Holders Change %
+9.05%
% of All Funds
3.8%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.11%
New
45
Increased
65
Reduced
71
Closed
24
Calls
$10.6M
Puts
$11M
Net Calls
-$380K
Net Calls Change
-$1.7M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$63.9M
2
Nomura Holdings
Nomura Holdings
Japan
+$50.9M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$50.3M
4
SAM
Scopus Asset Management
New York
+$42.6M
5
ACA
Anchor Capital Advisors
Massachusetts
+$19.2M

Top Sellers

1
DCP
Durable Capital Partners
Maryland
-$52.7M
2
SC
Spinnaker Capital
Massachusetts
-$20M
3
IM
Islet Management
New York
-$19.7M
4
Norges Bank
Norges Bank
Norway
-$18.8M
5
HP
Hound Partners
New York
-$18.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$305M -$3.44M -117,896 -1%
DIG
2
Dragoneer Investment Group
California
$292M – – –
Manulife (Manufacturers Life Insurance)
3
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$289M +$63.9M +2,191,237 +31%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$286M +$50.3M +1,725,266 +23%
BlackRock
5
BlackRock
New York
$187M -$5.09M -174,637 -3%
CAM
6
Contour Asset Management
New York
$112M +$6.29M +215,587 +6%
Morgan Stanley
7
Morgan Stanley
New York
$86.8M -$5.81M -199,279 -7%
ACA
8
Anchor Capital Advisors
Massachusetts
$76.9M +$19.2M +658,766 +37%
SC
9
Spinnaker Capital
Massachusetts
$73.9M -$20M -684,526 -23%
EVM
10
Eaton Vance Management
Massachusetts
$68.1M +$549K +18,828 +0.9%
ACH
11
ArrowMark Colorado Holdings
Colorado
$67.2M +$3M +102,883 +5%
PCM
12
PAR Capital Management
Massachusetts
$62.5M – – –
State Street
13
State Street
Massachusetts
$59.6M -$966K -33,110 -2%
Nomura Holdings
14
Nomura Holdings
Japan
$56.8M +$50.9M +1,745,464 New
Geode Capital Management
15
Geode Capital Management
Massachusetts
$48.5M -$1.3M -44,437 -3%
SAM
16
Scopus Asset Management
New York
$45.9M +$42.6M +1,460,000 New
Federated Hermes
17
Federated Hermes
Pennsylvania
$42.5M -$439K -15,042 -1%
Norges Bank
18
Norges Bank
Norway
$40M -$18.8M -644,152 -34%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$39.3M -$5.91M -202,500 -14%
Deutsche Bank
20
Deutsche Bank
Germany
$38.6M -$8.67M -297,191 -19%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$36.9M +$2.54M +87,089 +8%
Bank of America
22
Bank of America
North Carolina
$35.8M -$624K -21,400 -2%
PIM
23
Provident Investment Management
Michigan
$32.4M +$1.15M +39,530 +4%
Northern Trust
24
Northern Trust
Illinois
$30.5M -$1.3M -44,412 -4%
N
25
Nuveen
North Carolina
$29.4M +$2.09M +71,801 +8%
1
2 3 4 5

CARG Hedge Fund Activity: Q3 2021 in Review

217 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2021, worth a combined $3.07B — up 25% from $2.47B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new CARG positions and 24 closed out — a net gain of 21 holders — while 65 added to existing stakes and 71 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $63.9M. The largest seller was Durable Capital Partners, cutting an estimated $52.7M.

  • 217 institutional investors held CarGurus (CARG) as of Q3 2021, up from 199 in Q2 2021.
  • Funds reported $3.07B of CarGurus stock for Q3 2021, up 25% quarter-over-quarter.
  • 45 funds opened new CarGurus positions in Q3 2021 and 24 closed out, a net change of +21 holders.
  • The largest CarGurus buyer in Q3 2021 was Manulife (Manufacturers Life Insurance), an estimated $63.9M added.
  • The largest CarGurus seller in Q3 2021 was Durable Capital Partners, an estimated $52.7M sold.

Based on aggregated 13F filings for Q3 2021.