Cars.com
CARS
172 hedge funds and large institutions have $1.15B invested in Cars.com in 2023 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 42 increasing their positions, 63 reducing their positions, and 25 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
44% more capital invested
Capital invested by funds: $798M → $1.15B (+$348M)
12% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 25
3.11% more ownership
Funds ownership: 86.95% → 90.05% (+3.1%)
1% more funds holding
Funds holding: 170 → 172 (+2)
33% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 63
83% less call options, than puts
Call options by funds: $3.27M | Put options by funds: $19.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$34.7M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$4.13M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.42M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
+$2.28M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SW
SVB Wealth
Boston,
Massachusetts
|
-$34.4M |
| 2 |
GC
Greenvale Capital
London,
United Kingdom
|
-$7.29M |
| 3 |
CEI
Clark Estates Inc
New York
|
-$4.49M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$3.68M |
| 5 |
TAM
Tocqueville Asset Management
New York
|
-$2.98M |
CARS Hedge Fund Activity: Q1 2023 in Review
172 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Cars.com (CARS) for Q1 2023, worth a combined $1.15B — up 44% from $798M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new CARS positions and 25 closed out — a net gain of 3 holders — while 42 added to existing stakes and 63 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $34.7M. The largest seller was SVB Wealth, exiting entirely with an estimated $34.4M sold.
- 172 institutional investors held Cars.com (CARS) as of Q1 2023, up from 170 in Q4 2022.
- Funds reported $1.15B of Cars.com stock for Q1 2023, up 44% quarter-over-quarter.
- 28 funds opened new Cars.com positions in Q1 2023 and 25 closed out, a net change of +3 holders.
- The largest Cars.com buyer in Q1 2023 was Fidelity Investments, an estimated $34.7M added.
- The largest Cars.com seller in Q1 2023 was SVB Wealth, an estimated $34.4M sold.
Based on aggregated 13F filings for Q1 2023.