Carvana
CVNA
245 hedge funds and large institutions have $2.82B invested in Carvana in 2023 Q2 according to their latest regulatory filings, with 71 funds opening new positions, 59 increasing their positions, 58 reducing their positions, and 39 closing their positions.
159% more capital invested
Capital invested by funds: $1.09B → $2.82B (+$1.73B)
82% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 39
53% more funds holding in top 10
Funds holding in top 10: 15 → 23 (+8)
14% more funds holding
Funds holding: 214 → 245 (+31)
13% more call options, than puts
Call options by funds: $456M | Put options by funds: $404M
2% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 58
11.91% less ownership
Funds ownership: 523.74% → 511.84% (-12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$53.4M |
| 2 |
Two Sigma Investments
New York
|
+$28.8M |
| 3 |
Two Sigma Advisers
New York
|
+$28.4M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$23.1M |
| 5 |
BC
BIT Capital
Berlin,
Germany
|
+$20.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$195M |
| 2 |
BlackRock
New York
|
-$19.1M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$16.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$13.8M |
| 5 |
Morgan Stanley
New York
|
-$13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
276
Ancora Advisors
Cleveland,
Ohio
| – | -$489 | -250 | Closed |
|
|
CFGS
277
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$693 | -250 | Closed |
|
278
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$291 | -105 | -95% |
|
|
WP
279
WealthPLAN Partners
Omaha,
Nebraska
| – | -$137 | -70 | Closed |
|
|
BAM
280
Belpointe Asset Management
Reno,
Nevada
| – | -$117 | -60 | Closed |
|
|
AF
281
Advisornet Financial
Minnetonka,
Minnesota
| – | -$78 | -40 | Closed |
|
|
BTI
282
Blue Trust Inc
Alpharetta,
Georgia
| – | -$97 | -35 | -27% |
|
|
GWSG
283
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$20 | -10 | Closed |
|
CVNA Hedge Fund Activity: Q2 2023 in Review
245 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q2 2023, worth a combined $2.82B — up 159% from $1.09B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new CVNA positions and 39 closed out — a net gain of 32 holders — while 59 added to existing stakes and 58 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $53.4M. The largest seller was Baillie Gifford & Co, cutting an estimated $195M.
- 245 institutional investors held Carvana (CVNA) as of Q2 2023, up from 214 in Q1 2023.
- Funds reported $2.82B of Carvana stock for Q2 2023, up 159% quarter-over-quarter.
- 71 funds opened new Carvana positions in Q2 2023 and 39 closed out, a net change of +32 holders.
- The largest Carvana buyer in Q2 2023 was D.E. Shaw & Co, an estimated $53.4M added.
- The largest Carvana seller in Q2 2023 was Baillie Gifford & Co, an estimated $195M sold.
Based on aggregated 13F filings for Q2 2023.