Cars.com
CARS
200 hedge funds and large institutions have $1B invested in Cars.com in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 66 increasing their positions, 71 reducing their positions, and 23 closing their positions.
39% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 23
4% more funds holding
Funds holding: 192 → 200 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 71
1.34% less ownership
Funds ownership: 90.05% → 88.71% (-1.3%)
11% less capital invested
Capital invested by funds: $1.13B → $1B (-$130M)
49% less call options, than puts
Call options by funds: $843K | Put options by funds: $1.66M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$7.69M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.93M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$4.39M |
| 4 |
First Eagle Investment Management
New York
|
+$3.68M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$3.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$22M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
-$15.4M |
| 3 |
Goldman Sachs
New York
|
-$6.67M |
| 4 |
PCA
Prospect Capital Advisors
Sausalito,
California
|
-$3.79M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.71M |
CARS Hedge Fund Activity: Q1 2024 in Review
200 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q1 2024, worth a combined $1B — down 11% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CARS positions and 23 closed out — a net gain of 9 holders — while 66 added to existing stakes and 71 trimmed.
The largest buyer was Boston Partners, adding an estimated $7.69M. The largest seller was Morgan Stanley, cutting an estimated $22M.
- 200 institutional investors held Cars.com (CARS) as of Q1 2024, up from 192 in Q4 2023.
- Funds reported $1B of Cars.com stock for Q1 2024, down 11% quarter-over-quarter.
- 32 funds opened new Cars.com positions in Q1 2024 and 23 closed out, a net change of +9 holders.
- The largest Cars.com buyer in Q1 2024 was Boston Partners, an estimated $7.69M added.
- The largest Cars.com seller in Q1 2024 was Morgan Stanley, an estimated $22M sold.
Based on aggregated 13F filings for Q1 2024.