CarGurus
CARG
196 hedge funds and large institutions have $1.87B invested in CarGurus in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 67 increasing their positions, 65 reducing their positions, and 28 closing their positions.
779% more call options, than puts
Call options by funds: $79.1M | Put options by funds: $9M
30% more capital invested
Capital invested by funds: $1.44B → $1.87B (+$429M)
1.22% more ownership
Funds ownership: 99.98% → 101.2% (+1.2%)
1% more funds holding
Funds holding: 194 → 196 (+2)
7% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 28
3% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 65
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$52.2M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$12.9M |
| 3 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
+$12.1M |
| 4 |
MC
Mount Capital
London,
United Kingdom
|
+$7.71M |
| 5 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
+$6.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$50.2M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$29.1M |
| 3 |
Morgan Stanley
New York
|
-$16.1M |
| 4 |
CAM
Contour Asset Management
New York
|
-$12.2M |
| 5 |
Two Sigma Investments
New York
|
-$9.65M |
CARG Hedge Fund Activity: Q1 2023 in Review
196 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q1 2023, worth a combined $1.87B — up 30% from $1.44B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new CARG positions and 28 closed out — a net gain of 2 holders — while 67 added to existing stakes and 65 trimmed.
The largest buyer was ArrowMark Colorado Holdings, adding an estimated $52.2M. The largest seller was PAR Capital Management, cutting an estimated $50.2M.
- 196 institutional investors held CarGurus (CARG) as of Q1 2023, up from 194 in Q4 2022.
- Funds reported $1.87B of CarGurus stock for Q1 2023, up 30% quarter-over-quarter.
- 30 funds opened new CarGurus positions in Q1 2023 and 28 closed out, a net change of +2 holders.
- The largest CarGurus buyer in Q1 2023 was ArrowMark Colorado Holdings, an estimated $52.2M added.
- The largest CarGurus seller in Q1 2023 was PAR Capital Management, an estimated $50.2M sold.
Based on aggregated 13F filings for Q1 2023.