Cars.com
CARS
187 hedge funds and large institutions have $1.17B invested in Cars.com in 2023 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 42 increasing their positions, 72 reducing their positions, and 16 closing their positions.
100% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 16
9% more funds holding
Funds holding: 172 → 187 (+15)
2% more capital invested
Capital invested by funds: $1.14B → $1.17B (+$24.2M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.65% less ownership
Funds ownership: 90.05% → 88.41% (-1.6%)
42% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 72
84% less call options, than puts
Call options by funds: $2.6M | Put options by funds: $16.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$22.1M |
| 2 |
PCA
Prospect Capital Advisors
Sausalito,
California
|
+$5.79M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.89M |
| 4 |
Goldman Sachs
New York
|
+$2.51M |
| 5 |
Renaissance Technologies
New York
|
+$2.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$10.8M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$9.73M |
| 3 |
BlackRock
New York
|
-$6.65M |
| 4 |
GC
Greenvale Capital
London,
United Kingdom
|
-$4.61M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.83M |
CARS Hedge Fund Activity: Q2 2023 in Review
187 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q2 2023, worth a combined $1.17B — up 2.1% from $1.14B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CARS positions and 16 closed out — a net gain of 16 holders — while 42 added to existing stakes and 72 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $22.1M. The largest seller was Pacer Advisors, cutting an estimated $10.8M.
- 187 institutional investors held Cars.com (CARS) as of Q2 2023, up from 172 in Q1 2023.
- Funds reported $1.17B of Cars.com stock for Q2 2023, up 2.1% quarter-over-quarter.
- 32 funds opened new Cars.com positions in Q2 2023 and 16 closed out, a net change of +16 holders.
- The largest Cars.com buyer in Q2 2023 was Fidelity Investments, an estimated $22.1M added.
- The largest Cars.com seller in Q2 2023 was Pacer Advisors, an estimated $10.8M sold.
Based on aggregated 13F filings for Q2 2023.