Cars.com
CARS
257 hedge funds and large institutions have $2.4B invested in Cars.com in 2018 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 74 increasing their positions, 86 reducing their positions, and 31 closing their positions.
13% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 31
3.49% more ownership
Funds ownership: 114.22% → 117.71% (+3.5%)
1% more funds holding
Funds holding: 254 → 257 (+3)
3% more capital invested
Capital invested by funds: $2.32B → $2.4B (+$79.9M)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
14% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 86
35% less call options, than puts
Call options by funds: $17.7M | Put options by funds: $27.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$82.6M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$38.8M |
| 3 |
Goldman Sachs
New York
|
+$37.6M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
+$22.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$78.7M |
| 2 |
SV
Starboard Value
New York
|
-$28.5M |
| 3 |
SCA
Southpoint Capital Advisors
New York
|
-$28.3M |
| 4 |
KAM
Kavi Asset Management
New York
|
-$21.3M |
| 5 |
NSCM
New South Capital Management
Memphis,
Tennessee
|
-$6.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
276
Armbruster Capital Management
Pittsford,
New York
| – | -$6K | -200 | Closed |
|
|
PWM
277
Perigon Wealth Management
San Francisco,
California
| – | -$5K | -183 | Closed |
|
|
HFM
278
Hartford Financial Management
Hartford,
Connecticut
| – | -$3K | -111 | Closed |
|
|
HNB
279
Huntington National Bank
Columbus,
Ohio
| – | -$1.81K | -66 | -67% |
|
|
SWP
280
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$2K | -53 | Closed |
|
281
Bessemer Group
Woodbridge,
New Jersey
| – | -$1K | -19 | Closed |
|
|
IA
282
IFP Advisors
Tampa,
Florida
| – | -$467 | -17 | -52% |
|
|
JA
283
JOYN Advisors
Atlanta,
Georgia
| – | +$330 | +12 | New |
|
CARS Hedge Fund Activity: Q2 2018 in Review
257 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q2 2018, worth a combined $2.4B — up 3.4% from $2.32B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CARS positions and 31 closed out — a net gain of 4 holders — while 74 added to existing stakes and 86 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $82.6M. The largest seller was Fidelity Investments, cutting an estimated $78.7M.
- 257 institutional investors held Cars.com (CARS) as of Q2 2018, up from 254 in Q1 2018.
- Funds reported $2.4B of Cars.com stock for Q2 2018, up 3.4% quarter-over-quarter.
- 35 funds opened new Cars.com positions in Q2 2018 and 31 closed out, a net change of +4 holders.
- The largest Cars.com buyer in Q2 2018 was Fidelity International, an estimated $82.6M added.
- The largest Cars.com seller in Q2 2018 was Fidelity Investments, an estimated $78.7M sold.
Based on aggregated 13F filings for Q2 2018.