Carvana
CVNA
401 hedge funds and large institutions have $21B invested in Carvana in 2020 Q4 according to their latest regulatory filings, with 134 funds opening new positions, 131 increasing their positions, 104 reducing their positions, and 48 closing their positions.
179% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 48
37% more call options, than puts
Call options by funds: $1.51B | Put options by funds: $1.1B
26% more funds holding
Funds holding: 318 → 401 (+83)
26% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 104
18.97% more ownership
Funds ownership: 602.03% → 621% (+19%)
13% more capital invested
Capital invested by funds: $18.6B → $21B (+$2.42B)
15% less funds holding in top 10
Funds holding in top 10: 27 → 23 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$560M |
| 2 |
Jennison Associates
New York
|
+$290M |
| 3 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$246M |
| 4 |
BlackRock
New York
|
+$241M |
| 5 |
State Street
Boston,
Massachusetts
|
+$106M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$455M |
| 2 |
DCP
D1 Capital Partners
New York
|
-$365M |
| 3 |
D.E. Shaw & Co
New York
|
-$196M |
| 4 |
Barclays
London,
United Kingdom
|
-$93.2M |
| 5 |
CIP
CAS Investment Partners
Westport,
Connecticut
|
-$91.9M |
CVNA Hedge Fund Activity: Q4 2020 in Review
401 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q4 2020, worth a combined $21B — up 13% from $18.6B a quarter earlier.
Buyers outnumbered sellers: 134 funds opened new CVNA positions and 48 closed out — a net gain of 86 holders — while 131 added to existing stakes and 104 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $560M. The largest seller was Morgan Stanley, cutting an estimated $455M.
- 401 institutional investors held Carvana (CVNA) as of Q4 2020, up from 318 in Q3 2020.
- Funds reported $21B of Carvana stock for Q4 2020, up 13% quarter-over-quarter.
- 134 funds opened new Carvana positions in Q4 2020 and 48 closed out, a net change of +86 holders.
- The largest Carvana buyer in Q4 2020 was Lone Pine Capital, an estimated $560M added.
- The largest Carvana seller in Q4 2020 was Morgan Stanley, an estimated $455M sold.
Based on aggregated 13F filings for Q4 2020.