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CarGurus
CARG

320 hedge funds and large institutions have $3.09B invested in CarGurus in 2024 Q4 according to their latest regulatory filings, with 70 funds opening new positions, 129 increasing their positions, 98 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 28

63% more call options, than puts

Call options by funds: $11M | Put options by funds: $6.74M

32% more repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 98

24% more capital invested

Capital invested by funds: $2.49B → $3.09B (+$596M)

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

14% more funds holding

Funds holding: 281 → 320 (+39)

1.09% more ownership

Funds ownership: 94.99% → 96.07% (+1.1%)

Holders
320
Holders Change
+39
Holders Change %
+13.88%
% of All Funds
4.21%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.09%
New
70
Increased
129
Reduced
98
Closed
28
Calls
$11M
Puts
$6.74M
Net Calls
+$4.24M
Net Calls Change
-$2.38M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$32.9M
2
Goldman Sachs
Goldman Sachs
New York
+$31M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$27.6M
4
NSGL
No Street GP LP
California
+$24M
5
OAM
Oberweis Asset Management
Illinois
+$17.2M

Top Sellers

1
FAM
Foxhaven Asset Management
Virginia
-$55.6M
2
ACH
ArrowMark Colorado Holdings
Colorado
-$42.8M
3
Select Equity Group
Select Equity Group
New York
-$24.2M
4
MC
Mount Capital
United Kingdom
-$16.8M
5
VP
Vitruvian Partners
United Kingdom
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$496M +$3.72M +108,194 +0.8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$354M +$7.74M +225,430 +2%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$261M +$27.6M +802,602 +13%
ACH
4
ArrowMark Colorado Holdings
Colorado
$187M -$42.8M -1,245,992 -20%
State Street
5
State Street
Massachusetts
$123M +$2.5M +72,782 +2%
PCM
6
PAR Capital Management
Massachusetts
$97.5M +$106K +3,100 +0.1%
Manulife (Manufacturers Life Insurance)
7
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$79.5M -$6.5M -189,293 -8%
FAM
8
Foxhaven Asset Management
Virginia
$79.4M -$55.6M -1,620,234 -43%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$74.6M -$445K -12,961 -0.6%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$73.1M -$2.66M -77,578 -4%
Arrowstreet Capital
11
Arrowstreet Capital
Massachusetts
$55.7M +$32.9M +957,035 +169%
PC
12
Prevatt Capital
Bahamas
$49.3M +$4.12M +120,000 +10%
Goldman Sachs
13
Goldman Sachs
New York
$47.1M +$31M +903,593 +235%
Thrivent Financial for Lutherans
14
Thrivent Financial for Lutherans
Minnesota
$45.3M -$1.42M -41,464 -3%
Charles Schwab
15
Charles Schwab
California
$39.2M +$1.05M +30,593 +3%
FWIA
16
Fort Washington Investment Advisors
Ohio
$36M -$5.76M -167,665 -15%
Loomis, Sayles & Company
17
Loomis, Sayles & Company
Massachusetts
$34.6M +$8.44M +245,919 +35%
VP
18
Vitruvian Partners
United Kingdom
$34.6M -$10.8M -315,300 -25%
Northern Trust
19
Northern Trust
Illinois
$34.4M +$1.7M +49,511 +6%
Morgan Stanley
20
Morgan Stanley
New York
$33.3M -$4.22M -122,799 -12%
SM
21
Sunriver Management
Connecticut
$32.2M -$4.61M -134,265 -13%
N
22
Nuveen
North Carolina
$29.5M -$525K -15,284 -2%
NSGL
23
No Street GP LP
California
$25.6M +$24M +700,000 New
Qube Research & Technologies (QRT)
24
Qube Research & Technologies (QRT)
United Kingdom
$25M +$11.4M +331,479 +94%
JP Morgan Chase
25
JP Morgan Chase
New York
$21.9M +$6.75M +196,697 +49%
1
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CARG Hedge Fund Activity: Q4 2024 in Review

320 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2024, worth a combined $3.09B — up 24% from $2.49B a quarter earlier.

Buyers outnumbered sellers: 70 funds opened new CARG positions and 28 closed out — a net gain of 42 holders — while 129 added to existing stakes and 98 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $32.9M. The largest seller was Foxhaven Asset Management, cutting an estimated $55.6M.

  • 320 institutional investors held CarGurus (CARG) as of Q4 2024, up from 281 in Q3 2024.
  • Funds reported $3.09B of CarGurus stock for Q4 2024, up 24% quarter-over-quarter.
  • 70 funds opened new CarGurus positions in Q4 2024 and 28 closed out, a net change of +42 holders.
  • The largest CarGurus buyer in Q4 2024 was Arrowstreet Capital, an estimated $32.9M added.
  • The largest CarGurus seller in Q4 2024 was Foxhaven Asset Management, an estimated $55.6M sold.

Based on aggregated 13F filings for Q4 2024.