Cars.com
CARS
192 hedge funds and large institutions have $1.13B invested in Cars.com in 2023 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 60 increasing their positions, 70 reducing their positions, and 19 closing their positions.
68% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 19
14% more capital invested
Capital invested by funds: $991M → $1.13B (+$140M)
7% more funds holding
Funds holding: 179 → 192 (+13)
1.62% more ownership
Funds ownership: 88.42% → 90.05% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 70
44% less call options, than puts
Call options by funds: $1.51M | Put options by funds: $2.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$20M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$16.9M |
| 3 |
BlackRock
New York
|
+$5.86M |
| 4 |
KOCAA
Knights of Columbus Asset Advisors
New Haven,
Connecticut
|
+$2.21M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$21M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$11.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.35M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.49M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$1.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EGM
201
Engineers Gate Manager
New York
| – | -$286K | -16,942 | Closed |
|
|
ECM
202
Everence Capital Management
Goshen,
Indiana
| – | -$274 | -16,270 | Closed |
|
|
OR
203
Olympiad Research
Stamford,
Connecticut
| – | -$240K | -14,211 | Closed |
|
|
MM
204
MQS Management
New York
| – | -$227K | -13,437 | Closed |
|
|
CIP
205
Cornerstone Investment Partners
Atlanta,
Georgia
| – | -$171K | -10,140 | Closed |
|
|
UFF
206
USA Financial Formulas
Ada,
Michigan
| – | -$69.5K | -4,121 | Closed |
|
|
SOW
207
State of Wyoming
Cheyenne,
Wyoming
| – | -$64.6K | -3,829 | Closed |
|
|
PI
208
PEAK6 Investments
Chicago,
Illinois
| – | -$6.93K | -411 | Closed |
|
209
First Manhattan
New York
| – | -$5.04K | -299 | Closed |
|
210
Fisher Asset Management
Camas,
Washington
| – | -$2.97K | -176 | Closed |
|
|
CSPIA
211
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$84 | -5 | Closed |
|
CARS Hedge Fund Activity: Q4 2023 in Review
192 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q4 2023, worth a combined $1.13B — up 14% from $991M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CARS positions and 19 closed out — a net gain of 13 holders — while 60 added to existing stakes and 70 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $20M. The largest seller was Ninety One (UK), cutting an estimated $21M.
- 192 institutional investors held Cars.com (CARS) as of Q4 2023, up from 179 in Q3 2023.
- Funds reported $1.13B of Cars.com stock for Q4 2023, up 14% quarter-over-quarter.
- 32 funds opened new Cars.com positions in Q4 2023 and 19 closed out, a net change of +13 holders.
- The largest Cars.com buyer in Q4 2023 was Morgan Stanley, an estimated $20M added.
- The largest Cars.com seller in Q4 2023 was Ninety One (UK), an estimated $21M sold.
Based on aggregated 13F filings for Q4 2023.