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Cars.com
CARS

176 hedge funds and large institutions have $730M invested in Cars.com in 2021 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 61 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

4% more funds holding

Funds holding: 170 → 176 (+6)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4.85% less ownership

Funds ownership: 88.57% → 83.72% (-4.8%)

11% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 61

16% less capital invested

Capital invested by funds: $871M → $730M (-$141M)

24% less call options, than puts

Call options by funds: $5.38M | Put options by funds: $7.04M

Holders
176
Holders Change
+6
Holders Change %
+3.53%
% of All Funds
3.08%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
25
Increased
54
Reduced
61
Closed
18
Calls
$5.38M
Puts
$7.04M
Net Calls
-$1.66M
Net Calls Change
-$5.79M

Top Buyers

Rank Fund Capital Flow
1
Verition Fund Management
Verition Fund Management
Connecticut
+$3.66M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$3.13M
3
HIM
Hillsdale Investment Management
Ontario, Canada
+$2.38M
4
Millennium Management
Millennium Management
New York
+$2.35M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$2.27M

Top Sellers

Rank Fund Capital Flow
1
SW
SVB Wealth
Massachusetts
-$35.8M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$4.66M
3
Prudential Financial
Prudential Financial
New Jersey
-$4.39M
4
SC
Sessa Capital
New York
-$3.91M
5
CIM
Contrarius Investment Management
Jersey
-$3.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
Prudential Financial
26
Prudential Financial
New Jersey
$5.83M -$4.39M -347,050 -43%
Two Sigma Advisers
27
Two Sigma Advisers
New York
$5.48M -$221K -17,500 -4%
RA
28
Royce & Associates
New York
$5.45M -$2.05M -162,227 -27%
Nordea Investment Management
29
Nordea Investment Management
Sweden
$4.86M +$160K +12,680 +3%
CIM
30
Coastal Investment Management
California
$4.47M -$2.22M -175,641 -33%
CEI
31
Clark Estates Inc
New York
$4.12M – – –
Morgan Stanley
32
Morgan Stanley
New York
$3.85M -$742K -58,673 -16%
MPAM
33
Monarch Partners Asset Management
Massachusetts
$3.8M +$1.62M +128,320 +75%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$3.73M +$217K +17,128 +6%
Verition Fund Management
35
Verition Fund Management
Connecticut
$3.66M +$3.66M +289,458 New
Wells Fargo
36
Wells Fargo
California
$3.53M +$1.6M +126,320 +83%
Renaissance Technologies
37
Renaissance Technologies
New York
$3.47M +$939K +74,221 +37%
PPA
38
Parametric Portfolio Associates
Washington
$3.09M +$360K +28,469 +13%
Deutsche Bank
39
Deutsche Bank
Germany
$2.96M +$101K +7,999 +4%
Millennium Management
40
Millennium Management
New York
$2.86M +$2.35M +186,082 +466%
Invesco
41
Invesco
Georgia
$2.85M -$1.47M -115,863 -34%
RCM
42
Rutabaga Capital Management
Massachusetts
$2.56M -$402K -31,750 -14%
Bank of America
43
Bank of America
North Carolina
$2.54M +$977K +77,235 +62%
PAM
44
Panagora Asset Management
Massachusetts
$2.46M +$2.37K +187 +0.1%
HIM
45
Hillsdale Investment Management
Ontario, Canada
$2.38M +$2.38M +188,382 New
RGI
46
River Global Investors
United Kingdom
$2.25M – – –
Fuller & Thaler Asset Management
47
Fuller & Thaler Asset Management
California
$2.23M -$8.86K -700 -0.4%
American Century Companies
48
American Century Companies
Missouri
$2.22M -$148K -11,684 -6%
KOCAA
49
Knights of Columbus Asset Advisors
Connecticut
$2.15M +$8.04K +635 +0.4%
Acadian Asset Management
50
Acadian Asset Management
Massachusetts
$1.93M +$209K +16,541 +12%
1
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CARS Hedge Fund Activity: Q3 2021 in Review

176 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q3 2021, worth a combined $730M — down 16% from $871M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new CARS positions and 18 closed out — a net gain of 7 holders — while 54 added to existing stakes and 61 trimmed.

The largest buyer was Verition Fund Management, opening a new position worth an estimated $3.66M. The largest seller was SVB Wealth, exiting entirely with an estimated $35.8M sold.

  • 176 institutional investors held Cars.com (CARS) as of Q3 2021, up from 170 in Q2 2021.
  • Funds reported $730M of Cars.com stock for Q3 2021, down 16% quarter-over-quarter.
  • 25 funds opened new Cars.com positions in Q3 2021 and 18 closed out, a net change of +7 holders.
  • The largest Cars.com buyer in Q3 2021 was Verition Fund Management, an estimated $3.66M added.
  • The largest Cars.com seller in Q3 2021 was SVB Wealth, an estimated $35.8M sold.

Based on aggregated 13F filings for Q3 2021.