CarGurus
CARG
213 hedge funds and large institutions have $1.46B invested in CarGurus in 2022 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 90 increasing their positions, 62 reducing their positions, and 44 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 62
0.58% less ownership
Funds ownership: 100.65% → 100.07% (-0.58%)
4% less funds holding
Funds holding: 221 → 213 (-8)
18% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 44
34% less capital invested
Capital invested by funds: $2.21B → $1.46B (-$757M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
41% less call options, than puts
Call options by funds: $2.38M | Put options by funds: $4.03M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$44.5M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$23.3M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$18.9M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$17M |
| 5 |
Millennium Management
New York
|
+$9.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$30.1M |
| 2 |
CAM
Contour Asset Management
New York
|
-$27.2M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$22.7M |
| 4 |
NSGL
No Street GP LP
San Francisco,
California
|
-$16.7M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$15.7M |
CARG Hedge Fund Activity: Q3 2022 in Review
213 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2022, worth a combined $1.46B — down 34% from $2.21B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of CARG and 36 opened new positions — a net loss of 8 holders — while 62 trimmed existing stakes and 90 added.
The largest buyer was PAR Capital Management, adding an estimated $44.5M. The largest seller was Fidelity Investments, cutting an estimated $30.1M.
- 213 institutional investors held CarGurus (CARG) as of Q3 2022, down from 221 in Q2 2022.
- Funds reported $1.46B of CarGurus stock for Q3 2022, down 34% quarter-over-quarter.
- 36 funds opened new CarGurus positions in Q3 2022 and 44 closed out, a net change of -8 holders.
- The largest CarGurus buyer in Q3 2022 was PAR Capital Management, an estimated $44.5M added.
- The largest CarGurus seller in Q3 2022 was Fidelity Investments, an estimated $30.1M sold.
Based on aggregated 13F filings for Q3 2022.