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Cars.com
CARS

156 hedge funds and large institutions have $520M invested in Cars.com in 2020 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 32 increasing their positions, 62 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,039% more call options, than puts

Call options by funds: $17.9M | Put options by funds: $1.57M

39% more capital invested

Capital invested by funds: $375M → $520M (+$145M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

7% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 28

1.36% less ownership

Funds ownership: 97.16% → 95.81% (-1.4%)

3% less funds holding

Funds holding: 160 → 156 (-4)

48% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 62

Holders
156
Holders Change
-4
Holders Change %
-2.5%
% of All Funds
3.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
26
Increased
32
Reduced
62
Closed
28
Calls
$17.9M
Puts
$1.57M
Net Calls
+$16.3M
Net Calls Change
+$9.82M

Top Buyers

Rank Fund Capital Flow
1
SW
SVB Wealth
Massachusetts
+$11.1M
2
IM
Islet Management
New York
+$6.94M
3
BGC
Blue Grotto Capital
Georgia
+$6.45M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$3.64M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.63M

Top Sellers

Rank Fund Capital Flow
1
Federated Hermes
Federated Hermes
Pennsylvania
-$9.25M
2
Prudential Financial
Prudential Financial
New Jersey
-$6.5M
3
Norges Bank
Norges Bank
Norway
-$5.94M
4
SC
Sessa Capital
New York
-$3.88M
5
FC
Fairpointe Capital
Illinois
-$3.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$5.88M -$1.21M -156,100 -18%
Fidelity Investments
27
Fidelity Investments
Massachusetts
$5.31M +$2.31K +298 +0%
Lazard Asset Management
28
Lazard Asset Management
New York
$4.34M -$41.7K -5,374 -1%
SC
29
Sessa Capital
New York
$4.04M -$3.88M -500,000 -50%
Hudson Bay Capital Management
30
Hudson Bay Capital Management
Connecticut
$3.79M +$3.64M +469,397 New
GWM
31
Greenwich Wealth Management
Connecticut
$3.38M -$5.43K -700 -0.2%
New York State Common Retirement Fund
32
New York State Common Retirement Fund
New York
$3.3M – – –
Invesco
33
Invesco
Georgia
$3.16M +$705K +90,873 +30%
Grantham, Mayo, Van Otterloo & Co (GMO)
34
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$2.96M +$1.55M +199,800 +120%
PPA
35
Parametric Portfolio Associates
Washington
$2.68M +$863K +111,220 +50%
RCM
36
Rutabaga Capital Management
Massachusetts
$2.6M -$428K -55,200 -15%
N
37
Nuveen
North Carolina
$2.55M -$75.5K -9,730 -3%
RGI
38
River Global Investors
United Kingdom
$2.47M +$480K +61,840 +25%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$2.43M -$88.9K -11,452 -4%
KBC Group
40
KBC Group
Belgium
$2.29M +$1.61M +207,338 +274%
Connor, Clark & Lunn Investment Management (CC&L)
41
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.17M +$287 +37 +0%
RA
42
Royce & Associates
New York
$2.14M +$2.06M +265,000 New
MSL
43
Mackay Shields LLC
New York
$1.82M +$1.75M +225,500 New
Morgan Stanley
44
Morgan Stanley
New York
$1.76M -$104K -13,386 -6%
Voloridge Investment Management
45
Voloridge Investment Management
Florida
$1.69M +$1.62M +208,584 New
Fuller & Thaler Asset Management
46
Fuller & Thaler Asset Management
California
$1.68M -$376K -48,440 -19%
Schroder Investment Management Group
47
Schroder Investment Management Group
United Kingdom
$1.47M +$1.32M +170,387 New
Deutsche Bank
48
Deutsche Bank
Germany
$1.46M +$25.2K +3,254 +2%
Barclays
49
Barclays
United Kingdom
$1.45M -$176K -22,649 -11%
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$1.28M +$38.7K +4,983 +3%
1
2
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CARS Hedge Fund Activity: Q3 2020 in Review

156 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q3 2020, worth a combined $520M — up 39% from $375M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of CARS and 26 opened new positions — a net loss of 2 holders — while 62 trimmed existing stakes and 32 added.

The largest buyer was SVB Wealth, opening a new position worth an estimated $11.1M. The largest seller was Federated Hermes, cutting an estimated $9.25M.

  • 156 institutional investors held Cars.com (CARS) as of Q3 2020, down from 160 in Q2 2020.
  • Funds reported $520M of Cars.com stock for Q3 2020, up 39% quarter-over-quarter.
  • 26 funds opened new Cars.com positions in Q3 2020 and 28 closed out, a net change of -2 holders.
  • The largest Cars.com buyer in Q3 2020 was SVB Wealth, an estimated $11.1M added.
  • The largest Cars.com seller in Q3 2020 was Federated Hermes, an estimated $9.25M sold.

Based on aggregated 13F filings for Q3 2020.