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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
KWA
376
Kondo Wealth Advisors
California
$1.3M +$179K +3,270 +21%
BGDI
377
BW Gestao de Investimentos
Brazil
$1.28M +$1.04M +19,000 New
P
378
&Partners
Tennessee
$1.27M +$293K +5,350 +40%
DPI
379
Diversified Portfolios Inc
Michigan
$1.25M +$147K +2,680 +17%
FDCDDQ
380
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.23M +$242K +4,410 +32%
PIM
381
Plato Investment Management
Australia
$1.22M -$89.7K -1,635 -8%
STA
382
Summit Trail Advisors
New York
$1.19M +$966K +17,625 New
OF
383
Optimize Financial
California
$1.18M -$6.58K -120 -0.7%
AIM
384
Aigen Investment Management
New York
$1.17M +$533K +9,725 +127%
CIBC World Market
385
CIBC World Market
Ontario, Canada
$1.17M +$949K +17,305 New
PIA
386
Prakash Investment Advisors
Massachusetts
$1.14M -$30.2K -550 -2%
GLA
387
Great Lakes Advisors
Illinois
$1.11M -$54.3K -990 -6%
MC
388
Machina Capital
France
$1.1M +$895K +16,320 New
DT
389
Diversified Trust
Tennessee
$1.06M -$461K -8,410 -35%
GAM
390
Generali Asset Management
Italy
$1.04M -$1.24M -22,525 -59%
OTL
391
Oak Thistle LLC
New York
$1.03M +$841K +15,335 New
Wolverine Trading
392
Wolverine Trading
Illinois
$1.03M +$883K +16,110 New
PNC Financial Services Group
393
PNC Financial Services Group
Pennsylvania
$1.03M +$224K +4,090 +37%
BPC
394
Bryce Point Capital
New York
$1.02M +$832K +15,175 New
HWM
395
HB Wealth Management
Georgia
$1.02M +$115K +2,105 +16%
LA
396
LBP AM
France
$1.02M +$157K +2,860 +23%
SA
397
Sanctuary Advisors
Indiana
$1.01M +$452K +8,240 +121%
IMCOOI
398
Investment Management Corp of Ontario (IMCO)
Canada
$1.01M -$82.3K -1,500 -9%
Jones Financial Companies
399
Jones Financial Companies
Missouri
$1M +$351K +6,400 +69%
QCM
400
Qsemble Capital Management
New York
$1M -$112K -2,035 -12%

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.