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Cars.com
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280 hedge funds and large institutions have $2.3B invested in Cars.com in 2017 Q3 according to their latest regulatory filings, with 72 funds opening new positions, 57 increasing their positions, 107 reducing their positions, and 65 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more call options, than puts

Call options by funds: $4.85M | Put options by funds: $3.5M

11% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 65

9.01% more ownership

Funds ownership: 111.89% → 120.9% (+9%)

8% more capital invested

Capital invested by funds: $2.13B → $2.3B (+$170M)

3% more funds holding

Funds holding: 273 → 280 (+7)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

47% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 107

Holders
280
Holders Change
+7
Holders Change %
+2.56%
% of All Funds
6.98%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.2%
New
72
Increased
57
Reduced
107
Closed
65
Calls
$4.85M
Puts
$3.5M
Net Calls
+$1.35M
Net Calls Change
-$2.29M

Top Buyers

Rank Fund Capital Flow
1
SCA
Southpoint Capital Advisors
New York
+$57.5M
2
ETC
Evercore Trust Company
New York
+$56.4M
3
JSP
Jackson Square Partners
California
+$50.8M
4
SHCM
Sachem Head Capital Management
New York
+$50.7M
5
KCM
Kingstown Capital Management
New York
+$44.4M

Top Sellers

Rank Fund Capital Flow
1
ACM
Abrams Capital Management
Massachusetts
-$66.6M
2
TP
Thunderbird Partners
United Kingdom
-$66.2M
3
IGM
Incline Global Management
New York
-$55.1M
4
LCG
Luxor Capital Group
New York
-$31.4M
5
SPC
Silver Point Capital
Connecticut
-$21.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
251
Armbruster Capital Management
New York
$5K +$5.08K +200 New
CCM
252
Covington Capital Management
California
$5K +$5.08K +200 New
FDCDDQ
253
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.34K – – –
FHA
254
First Horizon Advisors
Tennessee
$4K – – –
LWCFA
255
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$4K – – –
MA
256
MUFG Americas
New York
$4K – – –
CHP
257
Cable Hill Partners
Oregon
$4K +$3.96K +156 New
WCBA
258
Weaver C. Barksdale & Associates
Tennessee
$3K -$1.42K -56 -31%
AFNAS
259
American Financial Network Advisory Services
California
$3K +$2.54K +100 New
HS
260
Horan Securities
United States
$3K +$2.94K +116 New
IA
261
IFP Advisors
Florida
$3K +$2.99K +118 New
PA
262
Parallel Advisors
California
$3K +$3.55K +140 New
RE
263
RBC Europe
United Kingdom
$2.66K +$2.54K +100 New
HFM
264
Hartford Financial Management
Connecticut
$2K -$1.09K -43 -28%
BAM
265
Barrett Asset Management
New York
$2K – – –
PWM
266
Perigon Wealth Management
California
$2K – – –
AA
267
AlphaMark Advisors
Kentucky
$1K – – –
HR
268
Howe & Rusling
New York
$1K – – –
TCM
269
Tradewinds Capital Management
Washington
$1K – – –
BWM
270
Baystate Wealth Management
Massachusetts
$1K +$152 +6 New
VFA
271
Valeo Financial Advisors
Indiana
$1K +$787 +31 New
WB
272
Webster Bank
Connecticut
$1K +$1.27K +50 New
WEC
273
Winslow Evans & Crocker
Massachusetts
$746 – – –
SWA
274
Sutton Wealth Advisors
Florida
$239 – – –
ACM
275
Abrams Capital Management
Massachusetts
– -$66.6M -2,500,000 Closed
9 10
11
12 13

CARS Hedge Fund Activity: Q3 2017 in Review

280 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q3 2017, worth a combined $2.3B — up 8% from $2.13B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new CARS positions and 65 closed out — a net gain of 7 holders — while 57 added to existing stakes and 107 trimmed.

The largest buyer was Southpoint Capital Advisors, adding an estimated $57.5M. The largest seller was Abrams Capital Management, exiting entirely with an estimated $66.6M sold.

  • 280 institutional investors held Cars.com (CARS) as of Q3 2017, up from 273 in Q2 2017.
  • Funds reported $2.3B of Cars.com stock for Q3 2017, up 8% quarter-over-quarter.
  • 72 funds opened new Cars.com positions in Q3 2017 and 65 closed out, a net change of +7 holders.
  • The largest Cars.com buyer in Q3 2017 was Southpoint Capital Advisors, an estimated $57.5M added.
  • The largest Cars.com seller in Q3 2017 was Abrams Capital Management, an estimated $66.6M sold.

Based on aggregated 13F filings for Q3 2017.