Cars.com
CARS
280 hedge funds and large institutions have $2.3B invested in Cars.com in 2017 Q3 according to their latest regulatory filings, with 72 funds opening new positions, 57 increasing their positions, 107 reducing their positions, and 65 closing their positions.
38% more call options, than puts
Call options by funds: $4.85M | Put options by funds: $3.5M
28% more capital inflows, than outflows
Capital inflows: $677M | Capital outflows: $529M
11% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 65
9.01% more ownership
Funds ownership: 111.89% → 120.9% (+9%)
3% more funds holding
Funds holding: 273 → 280 (+7)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
47% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 107
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Southpoint Capital Advisors
New York
|
+$57.5M |
| 2 |
Evercore Trust Company
New York
|
+$56.4M |
| 3 |
Jackson Square Partners
Larkspur,
California
|
+$50.8M |
| 4 |
Sachem Head Capital Management
New York
|
+$50.7M |
| 5 |
Kingstown Capital Management
New York
|
+$44.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Abrams Capital Management
Boston,
Massachusetts
|
-$66.6M |
| 2 |
TP
Thunderbird Partners
London,
United Kingdom
|
-$66.2M |
| 3 |
Incline Global Management
New York
|
-$55.2M |
| 4 |
Luxor Capital Group
New York
|
-$31.4M |
| 5 |
Silver Point Capital
Greenwich,
Connecticut
|
-$21.3M |
CARS Hedge Fund Activity: Q3 2017 in Review
280 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q3 2017, worth a combined $2.3B — up 8% from $2.13B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new CARS positions and 65 closed out — a net gain of 7 holders — while 57 added to existing stakes and 107 trimmed.
The largest buyer was Southpoint Capital Advisors, adding an estimated $57.5M. The largest seller was Abrams Capital Management, exiting entirely with an estimated $66.6M sold.
- 280 institutional investors held Cars.com (CARS) as of Q3 2017, up from 273 in Q2 2017.
- Funds reported $2.3B of Cars.com stock for Q3 2017, up 8% quarter-over-quarter.
- 72 funds opened new Cars.com positions in Q3 2017 and 65 closed out, a net change of +7 holders.
- The largest Cars.com buyer in Q3 2017 was Southpoint Capital Advisors, an estimated $57.5M added.
- The largest Cars.com seller in Q3 2017 was Abrams Capital Management, an estimated $66.6M sold.
Based on aggregated 13F filings for Q3 2017.