Carvana
CVNA
775 hedge funds and large institutions have $51.3B invested in Carvana in 2025 Q3 according to their latest regulatory filings, with 129 funds opening new positions, 322 increasing their positions, 235 reducing their positions, and 85 closing their positions.
52% more first-time investments, than exits
New positions opened: 129 | Existing positions closed: 85
37% more call options, than puts
Call options by funds: $8.11B | Put options by funds: $5.91B
37% more repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 235
15% more capital invested
Capital invested by funds: $44.6B → $51.3B (+$6.71B)
10% more funds holding in top 10
Funds holding in top 10: 39 → 43 (+4)
5% more funds holding
Funds holding: 740 → 775 (+35)
2.52% more ownership
Funds ownership: 489.6% → 492.12% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$1.12B |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
+$366M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
+$283M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$254M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$247M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$475M |
| 2 |
Two Sigma Advisers
New York
|
-$320M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$303M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$284M |
| 5 |
LIM
Lingotto Investment Management
London,
United Kingdom
|
-$240M |
CVNA Hedge Fund Activity: Q3 2025 in Review
775 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2025, worth a combined $51.3B — up 15% from $44.6B a quarter earlier.
Buyers outnumbered sellers: 129 funds opened new CVNA positions and 85 closed out — a net gain of 44 holders — while 322 added to existing stakes and 235 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $1.12B. The largest seller was D.E. Shaw & Co, cutting an estimated $475M.
- 775 institutional investors held Carvana (CVNA) as of Q3 2025, up from 740 in Q2 2025.
- Funds reported $51.3B of Carvana stock for Q3 2025, up 15% quarter-over-quarter.
- 129 funds opened new Carvana positions in Q3 2025 and 85 closed out, a net change of +44 holders.
- The largest Carvana buyer in Q3 2025 was JP Morgan Chase, an estimated $1.12B added.
- The largest Carvana seller in Q3 2025 was D.E. Shaw & Co, an estimated $475M sold.
Based on aggregated 13F filings for Q3 2025.