Cars.com
CARS
202 hedge funds and large institutions have $653M invested in Cars.com in 2019 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 58 increasing their positions, 60 reducing their positions, and 88 closing their positions.
601% more call options, than puts
Call options by funds: $13M | Put options by funds: $1.85M
3% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 60
11.86% less ownership
Funds ownership: 120.86% → 109% (-12%)
17% less funds holding
Funds holding: 244 → 202 (-42)
48% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 88
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
59% less capital invested
Capital invested by funds: $1.61B → $653M (-$953M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
+$40.5M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$24.1M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$23.4M |
| 4 |
Millennium Management
New York
|
+$20.9M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
+$18.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$126M |
| 2 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$84.5M |
| 3 |
NSCM
New South Capital Management
Memphis,
Tennessee
|
-$41.6M |
| 4 |
BlackRock
New York
|
-$36.3M |
| 5 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$35M |
CARS Hedge Fund Activity: Q3 2019 in Review
202 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q3 2019, worth a combined $653M — down 59% from $1.61B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of CARS and 46 opened new positions — a net loss of 42 holders — while 60 trimmed existing stakes and 58 added.
The largest buyer was Baupost Group, opening a new position worth an estimated $40.5M. The largest seller was Starboard Value, exiting entirely with an estimated $126M sold.
- 202 institutional investors held Cars.com (CARS) as of Q3 2019, down from 244 in Q2 2019.
- Funds reported $653M of Cars.com stock for Q3 2019, down 59% quarter-over-quarter.
- 46 funds opened new Cars.com positions in Q3 2019 and 88 closed out, a net change of -42 holders.
- The largest Cars.com buyer in Q3 2019 was Baupost Group, an estimated $40.5M added.
- The largest Cars.com seller in Q3 2019 was Starboard Value, an estimated $126M sold.
Based on aggregated 13F filings for Q3 2019.