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CarGurus
CARG

281 hedge funds and large institutions have $2.49B invested in CarGurus in 2024 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 110 increasing their positions, 86 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more call options, than puts

Call options by funds: $12M | Put options by funds: $5.43M

68% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 34

28% more repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 86

13% more capital invested

Capital invested by funds: $2.2B → $2.49B (+$289M)

8% more funds holding

Funds holding: 260 → 281 (+21)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.39% less ownership

Funds ownership: 95.37% → 94.99% (-0.39%)

Holders
281
Holders Change
+21
Holders Change %
+8.08%
% of All Funds
4.04%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
57
Increased
110
Reduced
86
Closed
34
Calls
$12M
Puts
$5.43M
Net Calls
+$6.61M
Net Calls Change
+$1.44M

Top Buyers

1
BlackRock
BlackRock
New York
+$21.8M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$18.9M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$15.3M
4
N
Nuveen
North Carolina
+$15.2M
5
PCM
PAR Capital Management
Massachusetts
+$11.2M

Top Sellers

1
ACH
ArrowMark Colorado Holdings
Colorado
-$47.5M
2
FAM
Foxhaven Asset Management
Virginia
-$33M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$30.1M
4
IECM
Intrinsic Edge Capital Management
Illinois
-$16.3M
5
SM
Sunriver Management
Connecticut
-$6.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$404M +$21.8M +809,732 +6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$284M +$4.44M +164,628 +2%
ACH
3
ArrowMark Colorado Holdings
Colorado
$191M -$47.5M -1,760,564 -22%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$190M -$30.1M -1,115,487 -15%
FAM
5
Foxhaven Asset Management
Virginia
$114M -$33M -1,223,039 -24%
State Street
6
State Street
Massachusetts
$99.1M +$4.09M +151,862 +5%
PCM
7
PAR Capital Management
Massachusetts
$80M +$11.2M +417,229 +19%
Manulife (Manufacturers Life Insurance)
8
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$71M -$615K -22,829 -1%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$62.4M -$1.95M -72,300 -3%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$61.7M +$2.01M +74,730 +4%
Thrivent Financial for Lutherans
11
Thrivent Financial for Lutherans
Minnesota
$38.4M -$4.88M -181,084 -12%
VP
12
Vitruvian Partners
United Kingdom
$37.9M -$4.19M -155,453 -11%
PC
13
Prevatt Capital
Bahamas
$36.9M +$2.16M +80,000 +7%
FWIA
14
Fort Washington Investment Advisors
Ohio
$34.6M +$1.7M +63,120 +6%
Select Equity Group
15
Select Equity Group
New York
$34.5M +$40.3K +1,495 +0.1%
Charles Schwab
16
Charles Schwab
California
$31.3M +$2.42M +89,815 +9%
Morgan Stanley
17
Morgan Stanley
New York
$31M +$6.25M +231,730 +29%
SM
18
Sunriver Management
Connecticut
$30.5M -$6.55M -242,827 -19%
Northern Trust
19
Northern Trust
Illinois
$26.8M -$673K -24,984 -3%
N
20
Nuveen
North Carolina
$24.7M +$15.2M +565,267 +219%
GT
21
Glenmede Trust
Pennsylvania
$23.4M -$251K -9,305 -1%
Loomis, Sayles & Company
22
Loomis, Sayles & Company
Massachusetts
$21.1M +$18.9M +701,055 New
Bank of New York Mellon
23
Bank of New York Mellon
New York
$18M -$1.49M -55,289 -8%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$17M +$15.3M +567,443 New
MC
25
Mount Capital
United Kingdom
$16.8M -$3.17M -117,614 -17%
1
2 3 4 5

CARG Hedge Fund Activity: Q3 2024 in Review

281 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q3 2024, worth a combined $2.49B — up 13% from $2.2B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new CARG positions and 34 closed out — a net gain of 23 holders — while 110 added to existing stakes and 86 trimmed.

The largest buyer was BlackRock, adding an estimated $21.8M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $47.5M.

  • 281 institutional investors held CarGurus (CARG) as of Q3 2024, up from 260 in Q2 2024.
  • Funds reported $2.49B of CarGurus stock for Q3 2024, up 13% quarter-over-quarter.
  • 57 funds opened new CarGurus positions in Q3 2024 and 34 closed out, a net change of +23 holders.
  • The largest CarGurus buyer in Q3 2024 was BlackRock, an estimated $21.8M added.
  • The largest CarGurus seller in Q3 2024 was ArrowMark Colorado Holdings, an estimated $47.5M sold.

Based on aggregated 13F filings for Q3 2024.