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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
ProShare Advisors
251
ProShare Advisors
Maryland
$4.57M -$829K -15,110 -18%
PCM
252
Penserra Capital Management
California
$4.5M -$1.14M -20,755 -24%
CIA
253
Concurrent Investment Advisors
Florida
$4.45M +$54.3K +990 +2%
CCM
254
Candelo Capital Management
New York
$4.4M +$3.58M +65,250 New
Robeco Institutional Asset Management
255
Robeco Institutional Asset Management
Netherlands
$4.33M +$399K +7,275 +13%
NRG
256
Nemes Rush Group
Michigan
$4.23M +$3.41M +62,255 +12,451%
EP
257
Edgestream Partners
New Jersey
$4.17M +$3.39M +61,850 New
OSAM
258
O'Shaughnessy Asset Management
Connecticut
$4.16M +$1.25M +22,845 +59%
SCM
259
Silvant Capital Management
Georgia
$4.14M +$3.37M +61,385 New
AF
260
Avanza Fonder
Sweden
$4.1M -$291K -5,315 -8%
Public Employees Retirement Association of Colorado
261
Public Employees Retirement Association of Colorado
Colorado
$4.01M +$455K +8,305 +16%
SMDAM
262
Sumitomo Mitsui DS Asset Management
Japan
$3.99M +$447K +8,150 +16%
Polen Capital Management
263
Polen Capital Management
Florida
$3.94M +$3.21M +58,475 New
IFG
264
Independent Financial Group
California
$3.91M +$3.18M +58,000 New
OCM
265
Octahedron Capital Management
California
$3.84M -$7.62M -139,000 -71%
IAA
266
Independent Advisor Alliance
North Carolina
$3.68M +$2.55M +46,470 +567%
DFCM
267
Dark Forest Capital Management
Puerto Rico
$3.62M +$1.78M +32,415 +152%
GVAG
268
Great Valley Advisor Group
Delaware
$3.56M +$4.11K +75 +0.1%
AV
269
ASR Vermogensbeheer
Netherlands
$3.55M +$781K +14,240 +37%
JG
270
Jain Global
New York
$3.45M -$23.1M -420,380 -89%
QCM
271
QRG Capital Management
Illinois
$3.42M +$1.97M +35,970 +244%
GC
272
Globeflex Capital
California
$3.39M +$44.7K +815 +2%
TFCM
273
Taylor Frigon Capital Management
Arizona
$3.39M -$1.17M -21,280 -30%
Mackenzie Financial
274
Mackenzie Financial
Ontario, Canada
$3.38M +$808K +14,730 +41%
QT
275
Quantbot Technologies
New York
$3.37M -$6.38M -116,295 -70%

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.