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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
NA
276
NewEdge Advisors
Louisiana
$3.33M +$226K +4,125 +9%
AB
277
Amalgamated Bank
New York
$3.25M +$911K +16,615 +52%
Mariner
278
Mariner
Kansas
$3.19M +$224K +4,080 +9%
OAC
279
OMERS Administration Corp
Ontario, Canada
$3.12M +$1.43M +26,000 +128%
WG
280
Winton Group
United Kingdom
$3.1M +$2.52M +46,015 New
Mirae Asset Global Investments
281
Mirae Asset Global Investments
South Korea
$3.08M -$436K -7,955 -15%
Stifel Financial
282
Stifel Financial
Missouri
$3.05M +$1.09M +19,840 +78%
CC
283
Chicago Capital
Illinois
$2.96M +$227K +4,140 +10%
FC
284
FORA Capital
Florida
$2.95M +$2.4M +43,715 New
BNP Paribas Asset Management
285
BNP Paribas Asset Management
France
$2.92M +$713K +13,010 +43%
CCS
286
Concentric Capital Strategies
Connecticut
$2.89M +$1.15M +20,920 +95%
EI
287
Ethic Inc
New York
$2.88M +$614K +11,205 +33%
CS
288
Candriam SCA
Luxembourg
$2.88M +$188K +3,420 +9%
Nomura Holdings
289
Nomura Holdings
Japan
$2.78M -$1.02M -18,560 -31%
N
290
Numerai
California
$2.77M +$486K +8,870 +28%
HIS
291
Harvest Investment Services
Illinois
$2.74M -$27.4K -500 -1%
BCM
292
Bayesian Capital Management
New York
$2.73M +$2.22M +40,500 New
JFG
293
Jefferies Financial Group
New York
$2.71M +$2.21M +40,225 New
TI
294
Tidal Investments
Wisconsin
$2.7M -$19.4M -353,820 -90%
MIM
295
MetLife Investment Management
New Jersey
$2.69M +$1.2M +21,960 +122%
DF
296
Donoghue Forlines
Massachusetts
$2.68M +$2.18M +39,710 New
BAM
297
Bosun Asset Management
Illinois
$2.67M -$611K -11,135 -22%
GCM
298
Graham Capital Management
Connecticut
$2.65M -$1.5M -27,270 -41%
CIC
299
Carnegie Investment Counsel
Ohio
$2.63M -$110K -2,000 -5%
CIP
300
Convergence Investment Partners
Florida
$2.63M -$186K -3,390 -8%

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.