Cars.com
CARS
254 hedge funds and large institutions have $2.32B invested in Cars.com in 2018 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 67 increasing their positions, 96 reducing their positions, and 46 closing their positions.
1,011% more call options, than puts
Call options by funds: $59.6M | Put options by funds: $5.37M
5% less funds holding
Funds holding: 268 → 254 (-14)
6.22% less ownership
Funds ownership: 120.43% → 114.22% (-6.2%)
7% less capital invested
Capital invested by funds: $2.49B → $2.32B (-$163M)
24% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 46
30% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 96
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$78.1M |
| 2 |
SV
Starboard Value
New York
|
+$63.7M |
| 3 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$56.2M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$38.6M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$24.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Catalus Capital Management
Greenwich,
Connecticut
|
-$170M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$55.1M |
| 3 |
KCM
Kingstown Capital Management
New York
|
-$43.3M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$35.5M |
| 5 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$17.6M |
CARS Hedge Fund Activity: Q1 2018 in Review
254 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q1 2018, worth a combined $2.32B — down 6.5% from $2.49B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of CARS and 35 opened new positions — a net loss of 11 holders — while 96 trimmed existing stakes and 67 added.
The largest buyer was Fidelity Investments, adding an estimated $78.1M. The largest seller was Catalus Capital Management, cutting an estimated $170M.
- 254 institutional investors held Cars.com (CARS) as of Q1 2018, down from 268 in Q4 2017.
- Funds reported $2.32B of Cars.com stock for Q1 2018, down 6.5% quarter-over-quarter.
- 35 funds opened new Cars.com positions in Q1 2018 and 46 closed out, a net change of -11 holders.
- The largest Cars.com buyer in Q1 2018 was Fidelity Investments, an estimated $78.1M added.
- The largest Cars.com seller in Q1 2018 was Catalus Capital Management, an estimated $170M sold.
Based on aggregated 13F filings for Q1 2018.