Cars.com
CARS
156 hedge funds and large institutions have $519M invested in Cars.com in 2020 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 32 increasing their positions, 62 reducing their positions, and 28 closing their positions.
1,039% more call options, than puts
Call options by funds: $17.9M | Put options by funds: $1.57M
38% more capital invested
Capital invested by funds: $376M → $519M (+$144M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 28
1.51% less ownership
Funds ownership: 97.11% → 95.6% (-1.5%)
3% less funds holding
Funds holding: 160 → 156 (-4)
48% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SW
SVB Wealth
Boston,
Massachusetts
|
+$11.1M |
| 2 |
IM
Islet Management
New York
|
+$6.94M |
| 3 |
BGC
Blue Grotto Capital
Atlanta,
Georgia
|
+$6.45M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$3.64M |
| 5 |
D.E. Shaw & Co
New York
|
+$2.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$9.25M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$6.5M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$5.94M |
| 4 |
SC
Sessa Capital
New York
|
-$3.88M |
| 5 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$3.42M |
CARS Hedge Fund Activity: Q3 2020 in Review
156 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q3 2020, worth a combined $519M — up 38% from $376M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of CARS and 26 opened new positions — a net loss of 2 holders — while 62 trimmed existing stakes and 32 added.
The largest buyer was SVB Wealth, opening a new position worth an estimated $11.1M. The largest seller was Federated Hermes, cutting an estimated $9.25M.
- 156 institutional investors held Cars.com (CARS) as of Q3 2020, down from 160 in Q2 2020.
- Funds reported $519M of Cars.com stock for Q3 2020, up 38% quarter-over-quarter.
- 26 funds opened new Cars.com positions in Q3 2020 and 28 closed out, a net change of -2 holders.
- The largest Cars.com buyer in Q3 2020 was SVB Wealth, an estimated $11.1M added.
- The largest Cars.com seller in Q3 2020 was Federated Hermes, an estimated $9.25M sold.
Based on aggregated 13F filings for Q3 2020.