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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
+$3.66M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.13M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$2.38M |
| 4 |
Millennium Management
New York
|
+$2.35M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SW
SVB Wealth
Boston,
Massachusetts
|
-$35.8M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.66M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$4.39M |
| 4 |
SC
Sessa Capital
New York
|
-$3.91M |
| 5 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$3.66M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
176
Blueshift Asset Management
Red Bank,
New Jersey
| – | -$375K | -26,195 | Closed |
|
177
ProShare Advisors
Bethesda,
Maryland
| – | -$254K | -17,757 | Closed |
|
178
Man Group
London,
United Kingdom
| – | -$207K | -14,438 | Closed |
|
179
Squarepoint
New York
| – | -$195K | -13,608 | Closed |
|
180
HSBC Holdings
London,
United Kingdom
| – | -$180K | -12,442 | Closed |
|
|
OQS
181
Occudo Quantitative Strategies
Fort Lauderdale,
Florida
| – | -$161K | -11,262 | Closed |
|
|
AB
182
Amalgamated Bank
New York
| – | -$144K | -10,050 | Closed |
|
|
FC
183
FORA Capital
Miami,
Florida
| – | -$43K | -2,993 | Closed |
|
184
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$41K | -2,833 | Closed |
|
|
EVM
185
Eaton Vance Management
Boston,
Massachusetts
| – | -$34K | -2,378 | Closed |
|
|
CA
186
Clearstead Advisors
Cleveland,
Ohio
| – | -$5K | -380 | Closed |
|
|
MAM
187
Meeder Asset Management
Dublin,
Ohio
| – | +$430 | +34 | New |
|
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.