Cars.com
CARS
263 hedge funds and large institutions have $2.35B invested in Cars.com in 2018 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 67 increasing their positions, 97 reducing their positions, and 32 closing their positions.
509% more call options, than puts
Call options by funds: $138M | Put options by funds: $22.7M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
28% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 32
4.33% more ownership
Funds ownership: 117.71% → 122.03% (+4.3%)
2% more funds holding
Funds holding: 257 → 263 (+6)
2% less capital invested
Capital invested by funds: $2.4B → $2.35B (-$54.9M)
31% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 97
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
+$35.8M |
| 2 |
KAM
Kavi Asset Management
New York
|
+$24M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$23M |
| 4 |
SV
Starboard Value
New York
|
+$16.1M |
| 5 |
Goldman Sachs
New York
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Newport Trust Company
Washington,
District of Columbia
|
-$32.3M |
| 2 |
SM
Scoggin Management
New York
|
-$27.9M |
| 3 |
CCM
Catalus Capital Management
Greenwich,
Connecticut
|
-$17.8M |
| 4 |
PA
Pinnacle Associates
New York
|
-$12.5M |
| 5 |
BlackRock
New York
|
-$11.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FA
276
Fortis Advisors
Wayne,
Pennsylvania
| – | -$131K | -4,604 | Closed |
|
|
FMT
277
First Mercantile Trust
Cordova,
Tennessee
| – | -$99K | -3,480 | Closed |
|
278
VanEck Associates
New York
| – | -$50K | -1,750 | Closed |
|
|
BCA
279
Bray Capital Advisors
Naples,
Florida
| – | -$37K | -1,314 | Closed |
|
|
PIA
280
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$36K | -1,259 | Closed |
|
|
FIB
281
First Interstate Bank
Billings,
Montana
| – | -$10K | -357 | Closed |
|
282
Envestnet Asset Management
Chicago,
Illinois
| – | -$8K | -258 | Closed |
|
|
FIA
283
FNY Investment Advisers
New York
| – | -$7K | -250 | Closed |
|
|
CHP
284
Cable Hill Partners
Portland,
Oregon
| – | -$4K | -156 | Closed |
|
|
FHA
285
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$3K | -133 | Closed |
|
|
WT
286
Washington Trust
Westerly,
Rhode Island
| – | -$4K | -133 | Closed |
|
|
CF
287
Centaurus Financial
Anaheim,
California
| – | -$2K | -55 | Closed |
|
|
CAG
288
Csenge Advisory Group
Clearwater,
Florida
| – | +$419 | +15 | New |
|
CARS Hedge Fund Activity: Q3 2018 in Review
263 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q3 2018, worth a combined $2.35B — down 2.3% from $2.4B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new CARS positions and 32 closed out — a net gain of 9 holders — while 67 added to existing stakes and 97 trimmed.
The largest buyer was Ninety One (UK), adding an estimated $35.8M. The largest seller was Newport Trust Company, cutting an estimated $32.3M.
- 263 institutional investors held Cars.com (CARS) as of Q3 2018, up from 257 in Q2 2018.
- Funds reported $2.35B of Cars.com stock for Q3 2018, down 2.3% quarter-over-quarter.
- 41 funds opened new Cars.com positions in Q3 2018 and 32 closed out, a net change of +9 holders.
- The largest Cars.com buyer in Q3 2018 was Ninety One (UK), an estimated $35.8M added.
- The largest Cars.com seller in Q3 2018 was Newport Trust Company, an estimated $32.3M sold.
Based on aggregated 13F filings for Q3 2018.