We are live on ! Find out more
CVNA icon

Carvana
CVNA

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: 613 → 740 (+127)

3% less funds holding in top 10

Funds holding in top 10: 40 → 39 (-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

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$850M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$694M
3
BlackRock
BlackRock
New York
+$584M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$400M
5
Coatue Management
Coatue Management
New York
+$347M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$911M
2
TCMNY
Thrive Capital Management (New York)
New York
-$560M
3
Viking Global Investors
Viking Global Investors
Connecticut
-$405M
4
DCP
Durable Capital Partners
Maryland
-$285M
5
CIP
CAS Investment Partners
Connecticut
-$209M
Name Holding Trade Value Shares
Change 		Change in
Stake
HHAM
326
HITE Hedge Asset Management
Massachusetts
$1.94M -$2.4M -43,825 -60%
NCGI
327
Next Century Growth Investors
Minnesota
$1.87M -$938K -17,100 -38%
SB
328
SIG Brokerage
New York
$1.87M +$1.52M +27,760 New
Cerity Partners
329
Cerity Partners
New York
$1.85M +$336K +6,130 +29%
Pathstone Holdings
330
Pathstone Holdings
New Jersey
$1.83M +$217K +3,965 +17%
Vontobel Holding
331
Vontobel Holding
Switzerland
$1.82M -$651K -11,870 -31%
Schroder Investment Management Group
332
Schroder Investment Management Group
United Kingdom
$1.8M -$274 -5 -0%
VA
333
Valmark Advisers
Ohio
$1.78M +$1.45M +26,455 New
ET
334
Entropy Technologies
New York
$1.75M -$2.33M -42,440 -62%
EOJOAM
335
E. Ohman J:or Asset Management
Sweden
$1.74M – – –
EAM
336
Empirical Asset Management
Massachusetts
$1.72M – – –
MIF
337
Mediolanum International Funds
Ireland
$1.71M +$291K +5,315 +25%
TAM
338
Tabor Asset Management
New York
$1.71M -$606K -11,055 -30%
CIBC Asset Management
339
CIBC Asset Management
Ontario, Canada
$1.7M +$8.77K +160 +0.6%
CWM
340
CIBC World Markets
New York
$1.7M -$62.5K -1,140 -4%
KJHP
341
K.J. Harrison & Partners
Ontario, Canada
$1.68M +$1.37M +25,000 New
PFM
342
Privium Fund Management
Netherlands
$1.68M +$1.37M +25,000 New
Commonwealth Equity Services
343
Commonwealth Equity Services
Massachusetts
$1.68M +$163K +2,965 +14%
PA
344
Profund Advisors
Maryland
$1.65M -$549K -10,015 -29%
WBC
345
Westpac Banking Corp
Australia
$1.65M -$1.07M -19,540 -44%
ALMGDA
346
AG2R La Mondiale Gestion d'Actifs
France
$1.64M -$562K -10,250 -30%
DILIC
347
Dai-ichi Life Insurance Company
Japan
$1.64M – – –
FFA
348
Farther Finance Advisors
California
$1.62M +$364K +6,645 +38%
VA
349
Vident Advisory
Georgia
$1.61M +$259K +4,725 +25%
PFS
350
Prospera Financial Services
Texas
$1.6M +$599K +10,915 +85%
12 13
14
15 16

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.