Cars.com
CARS
241 hedge funds and large institutions have $1.75B invested in Cars.com in 2018 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 61 increasing their positions, 95 reducing their positions, and 49 closing their positions.
507% more call options, than puts
Call options by funds: $35.7M | Put options by funds: $5.89M
3.75% less ownership
Funds ownership: 122.03% → 118.28% (-3.8%)
8% less funds holding
Funds holding: 263 → 241 (-22)
26% less capital invested
Capital invested by funds: $2.35B → $1.75B (-$600M)
36% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 95
37% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 49
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$15.3M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$11.6M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$9.06M |
| 4 |
KAM
Kavi Asset Management
New York
|
+$9.06M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$8.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$28.6M |
| 2 |
Newport Trust Company
Washington,
District of Columbia
|
-$17.3M |
| 3 |
SM
Scoggin Management
New York
|
-$16.9M |
| 4 |
MP
Marlowe Partners
New York
|
-$12.5M |
| 5 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$9.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JWA
276
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$9K | -333 | Closed |
|
|
MA
277
MUFG Americas
New York
| – | -$5K | -166 | Closed |
|
|
TC
278
Trust Company
Manhattan,
Kansas
| – | -$2K | -90 | Closed |
|
|
PCG
279
Private Capital Group
West Hartford,
Connecticut
| – | -$975 | -39 | -95% |
|
|
IBOK
280
Independence Bank of Kentucky
Owensboro,
Kentucky
| – | -$1K | -33 | Closed |
|
|
TCOV
281
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$1K | -29 | Closed |
|
|
WEC
282
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$2K | -28 | Closed |
|
283
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$375 | +15 | New |
|
CARS Hedge Fund Activity: Q4 2018 in Review
241 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q4 2018, worth a combined $1.75B — down 26% from $2.35B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of CARS and 31 opened new positions — a net loss of 18 holders — while 95 trimmed existing stakes and 61 added.
The largest buyer was Citadel Advisors, adding an estimated $15.3M. The largest seller was River Road Asset Management, cutting an estimated $28.6M.
- 241 institutional investors held Cars.com (CARS) as of Q4 2018, down from 263 in Q3 2018.
- Funds reported $1.75B of Cars.com stock for Q4 2018, down 26% quarter-over-quarter.
- 31 funds opened new Cars.com positions in Q4 2018 and 49 closed out, a net change of -18 holders.
- The largest Cars.com buyer in Q4 2018 was Citadel Advisors, an estimated $15.3M added.
- The largest Cars.com seller in Q4 2018 was River Road Asset Management, an estimated $28.6M sold.
Based on aggregated 13F filings for Q4 2018.