Cars.com
CARS
269 hedge funds and large institutions have $2.49B invested in Cars.com in 2017 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 66 increasing their positions, 102 reducing their positions, and 66 closing their positions.
43% more call options, than puts
Call options by funds: $28.9M | Put options by funds: $20.2M
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
8% more capital invested
Capital invested by funds: $2.3B → $2.49B (+$187M)
0.35% less ownership
Funds ownership: 120.9% → 120.55% (-0.35%)
4% less funds holding
Funds holding: 280 → 269 (-11)
17% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 66
35% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 102
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
+$118M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
+$66.6M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$49.3M |
| 4 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$41.3M |
| 5 |
SM
Scoggin Management
New York
|
+$38.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$115M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
-$90.5M |
| 3 |
SHCM
Sachem Head Capital Management
New York
|
-$53.2M |
| 4 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$33.9M |
| 5 |
MP
Manikay Partners
New York
|
-$32.6M |
CARS Hedge Fund Activity: Q4 2017 in Review
269 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q4 2017, worth a combined $2.49B — up 8.1% from $2.3B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of CARS and 55 opened new positions — a net loss of 11 holders — while 102 trimmed existing stakes and 66 added.
The largest buyer was Starboard Value, opening a new position worth an estimated $118M. The largest seller was Artisan Partners, exiting entirely with an estimated $115M sold.
- 269 institutional investors held Cars.com (CARS) as of Q4 2017, down from 280 in Q3 2017.
- Funds reported $2.49B of Cars.com stock for Q4 2017, up 8.1% quarter-over-quarter.
- 55 funds opened new Cars.com positions in Q4 2017 and 66 closed out, a net change of -11 holders.
- The largest Cars.com buyer in Q4 2017 was Starboard Value, an estimated $118M added.
- The largest Cars.com seller in Q4 2017 was Artisan Partners, an estimated $115M sold.
Based on aggregated 13F filings for Q4 2017.