Cars.com
CARS
160 hedge funds and large institutions have $375M invested in Cars.com in 2020 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 50 reducing their positions, and 37 closing their positions.
616% more call options, than puts
Call options by funds: $7.52M | Put options by funds: $1.05M
17% more capital invested
Capital invested by funds: $320M → $375M (+$55.1M)
8% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 50
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 172 → 160 (-12)
8.11% less ownership
Funds ownership: 105.28% → 97.16% (-8.1%)
27% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$5.33M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$4.19M |
| 3 |
JP Morgan Chase
New York
|
+$2.32M |
| 4 |
GC
Greenvale Capital
London,
United Kingdom
|
+$1.38M |
| 5 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
-$18.7M |
| 2 |
BG
Baupost Group
Boston,
Massachusetts
|
-$12.9M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
-$7.87M |
| 4 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$3.22M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.87M |
CARS Hedge Fund Activity: Q2 2020 in Review
160 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q2 2020, worth a combined $375M — up 17% from $320M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of CARS and 27 opened new positions — a net loss of 10 holders — while 50 trimmed existing stakes and 54 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $5.33M. The largest seller was Royal London Asset Management, exiting entirely with an estimated $18.7M sold.
- 160 institutional investors held Cars.com (CARS) as of Q2 2020, down from 172 in Q1 2020.
- Funds reported $375M of Cars.com stock for Q2 2020, up 17% quarter-over-quarter.
- 27 funds opened new Cars.com positions in Q2 2020 and 37 closed out, a net change of -10 holders.
- The largest Cars.com buyer in Q2 2020 was D.E. Shaw & Co, an estimated $5.33M added.
- The largest Cars.com seller in Q2 2020 was Royal London Asset Management, an estimated $18.7M sold.
Based on aggregated 13F filings for Q2 2020.