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Carvana

740 hedge funds and large institutions have $44.6B invested in Carvana in 2025 Q2 according to their latest regulatory filings, with 198 funds opening new positions, 286 increasing their positions, 202 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

196% more first-time investments, than exits

New positions opened: 198 | Existing positions closed: 67

73% more capital invested

Capital invested by funds: $25.8B → $44.6B (+$18.8B)

47% more call options, than puts

Call options by funds: $7.79B | Put options by funds: $5.29B

42% more repeat investments, than reductions

Existing positions increased: 286 | Existing positions reduced: 202

30.01% more ownership

Funds ownership: 459.59%489.6% (+30%)

21% more funds holding

Funds holding: 613740 (+127)

3% less funds holding in top 10

Funds holding in top 10: 4039 (-1)

Holders
740
Holders Change
+127
Holders Change %
+20.72%
% of All Funds
9.74%
Holding in Top 10
39
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-2.5%
% of All Funds
0.51%
New
198
Increased
286
Reduced
202
Closed
67
Calls
$7.79B
Puts
$5.29B
Net Calls
+$2.51B
Net Calls Change
+$1.81B
Name Holding Trade Value Shares
Change
Change in
Stake
BHCM
226
Brevan Howard Capital Management
Jersey
$5.77M +$4.7M +85,650 New
Acadian Asset Management
227
Acadian Asset Management
Massachusetts
$5.67M -$3.86M -70,360 -46%
BBL
228
Beck Bode LLC
Massachusetts
$5.66M +$4.6M +83,915 New
ZIM
229
Zacks Investment Management
Illinois
$5.62M +$4.57M +83,380 New
PIC
230
PCJ Investment Counsel
Ontario, Canada
$5.59M -$241K -4,400 -5%
GWA
231
Geometric Wealth Advisors
District of Columbia
$5.55M -$924K -16,855 -17%
Hudson Bay Capital Management
232
Hudson Bay Capital Management
Connecticut
$5.55M +$2.77M +50,450 +158%
LCM
233
Laurion Capital Management
New York
$5.48M +$4.46M +81,310 New
QC
234
Quadrature Capital
United Kingdom
$5.42M -$9.5M -173,165 -68%
Daiwa Securities Group
235
Daiwa Securities Group
Japan
$5.4M +$1.85M +33,650 +72%
MML Investors Services
236
MML Investors Services
Massachusetts
$5.33M +$905K +16,500 +26%
Macquarie Group
237
Macquarie Group
Australia
$5.31M +$3.16M +57,605 +272%
OAM
238
OP Asset Management
$5.25M -$279K -5,085 -6%
NAM
239
Nissay Asset Management
Japan
$5.12M +$245K +4,465 +6%
VPIM
240
Vanguard Personalized Indexing Management
California
$5.06M +$485K +8,845 +13%
GC
241
GatePass Capital
Ohio
$5.06M +$1.37K +25 +0%
MWVC
242
Morgens Waterfall Vintiadis & Co
New York
$5.05M
NM
243
NWI Management
New York
$5.05M +$4.11M +75,000 New
SI
244
Symmetry Investments
Jersey
$4.86M +$311K +5,665 +9%
MG
245
Marex Group
$4.82M +$3.93M +71,585 New
B
246
BloombergSen
Ontario, Canada
$4.75M -$2.05M -37,370 -35%
NMO
247
Newlands Management Operations
Texas
$4.71M +$3.83M +69,925 New
M&T Bank
248
M&T Bank
New York
$4.68M +$2.12M +38,625 +125%
NA
249
Navellier & Associates
Nevada
$4.63M +$3.77M +68,755 New
ClearBridge Investments
250
ClearBridge Investments
New York
$4.6M +$3.74M +68,255 New

CVNA Hedge Fund Activity: Q2 2025 in Review

740 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q2 2025, worth a combined $44.6B — up 73% from $25.8B a quarter earlier.

Buyers outnumbered sellers: 198 funds opened new CVNA positions and 67 closed out — a net gain of 131 holders — while 286 added to existing stakes and 202 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $850M. The largest seller was Fidelity Investments, cutting an estimated $911M.

  • 740 institutional investors held Carvana (CVNA) as of Q2 2025, up from 613 in Q1 2025.
  • Funds reported $44.6B of Carvana stock for Q2 2025, up 73% quarter-over-quarter.
  • 198 funds opened new Carvana positions in Q2 2025 and 67 closed out, a net change of +131 holders.
  • The largest Carvana buyer in Q2 2025 was JP Morgan Chase, an estimated $850M added.
  • The largest Carvana seller in Q2 2025 was Fidelity Investments, an estimated $911M sold.

Based on aggregated 13F filings for Q2 2025.