Cars.com
CARS
172 hedge funds and large institutions have $320M invested in Cars.com in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 47 increasing their positions, 60 reducing their positions, and 53 closing their positions.
34% more call options, than puts
Call options by funds: $2.62M | Put options by funds: $1.95M
3.18% less ownership
Funds ownership: 108.46% → 105.28% (-3.2%)
13% less funds holding
Funds holding: 197 → 172 (-25)
22% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 60
40% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 53
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
64% less capital invested
Capital invested by funds: $884M → $320M (-$564M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Greenvale Capital
London,
United Kingdom
|
+$21.8M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$19.9M |
| 3 |
JP Morgan Chase
New York
|
+$15.4M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$14.5M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$7.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$25.1M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$24.3M |
| 3 |
Millennium Management
New York
|
-$8.61M |
| 4 |
KHCM
Kettle Hill Capital Management
New York
|
-$7.5M |
| 5 |
Two Sigma Investments
New York
|
-$7.21M |
CARS Hedge Fund Activity: Q1 2020 in Review
172 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q1 2020, worth a combined $320M — down 64% from $884M a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of CARS and 32 opened new positions — a net loss of 21 holders — while 60 trimmed existing stakes and 47 added.
The largest buyer was Greenvale Capital, adding an estimated $21.8M. The largest seller was Goldman Sachs, cutting an estimated $25.1M.
- 172 institutional investors held Cars.com (CARS) as of Q1 2020, down from 197 in Q4 2019.
- Funds reported $320M of Cars.com stock for Q1 2020, down 64% quarter-over-quarter.
- 32 funds opened new Cars.com positions in Q1 2020 and 53 closed out, a net change of -21 holders.
- The largest Cars.com buyer in Q1 2020 was Greenvale Capital, an estimated $21.8M added.
- The largest Cars.com seller in Q1 2020 was Goldman Sachs, an estimated $25.1M sold.
Based on aggregated 13F filings for Q1 2020.