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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
Wealth Enhancement Advisory Services
351
Wealth Enhancement Advisory Services
Minnesota
$1.58M +$562K +10,255 +83%
PP
352
Prudential plc
United Kingdom
$1.57M +$775K +14,130 +154%
KWM
353
Kingsview Wealth Management
Oregon
$1.55M +$14.5K +265 +1%
JCIA
354
Jackson Creek Investment Advisors
Colorado
$1.54M +$1.26M +22,925 New
LCGC
355
Legacy Capital Group California
California
$1.53M +$1.25M +22,745 New
CB
356
Commerce Bank
Missouri
$1.53M +$23.9K +435 +2%
OC
357
Oppenheimer & Co
New York
$1.52M +$873K +15,915 +240%
FPAS
358
Focus Partners Advisor Solutions
Missouri
$1.5M +$362K +6,605 +42%
SGAM
359
Smith Group Asset Management
Texas
$1.49M +$418K +7,625 +52%
HighTower Advisors
360
HighTower Advisors
Illinois
$1.49M -$101K -1,840 -8%
ECM
361
Everence Capital Management
Indiana
$1.48M
RS
362
Rakuten Securities
Japan
$1.48M +$252K +4,590 +26%
CFM
363
Catalyst Funds Management
Australia
$1.48M +$1.21M +22,000 New
PL
364
Polianta Ltd
Jersey
$1.48M -$302K -5,500 -20%
BCI
365
Brinker Capital Investments
Pennsylvania
$1.48M +$258K +4,700 +27%
AIA
366
Affinity Investment Advisors
California
$1.47M +$1.2M +21,815 New
TWC
367
TD Waterhouse Canada
Ontario, Canada
$1.46M +$599K +10,930 +102%
CCIA
368
Campbell & Co Investment Adviser
Maryland
$1.44M +$1.17M +21,370 New
Thrivent Financial for Lutherans
369
Thrivent Financial for Lutherans
Minnesota
$1.44M -$1.16M -21,170 -49%
Axa
370
Axa
France
$1.43M +$901K +16,440 +341%
HA
371
Huntleigh Advisors
Missouri
$1.42M +$56.2K +1,025 +5%
Bank of Nova Scotia
372
Bank of Nova Scotia
Ontario, Canada
$1.39M -$978K -17,840 -46%
VT
373
Vise Technologies
New York
$1.37M +$1.11M +20,310 New
SSIM
374
Sheets Smith Investment Management
Texas
$1.32M +$1.08M +19,625 New
Mercer Global Advisors
375
Mercer Global Advisors
Colorado
$1.3M -$704K -12,845 -40%

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.