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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
SFA
401
Sequoia Financial Advisors
Ohio
$988K -$333K -6,080 -29%
PCM
402
Polymer Capital Management
New York
$985K +$801K +14,615 New
CAM
403
Cresset Asset Management
Illinois
$975K -$124K -2,260 -14%
SCM
404
Semanteon Capital Management
Massachusetts
$951K +$774K +14,115 New
WSFS
405
Wilmington Savings Fund Society
Delaware
$948K -$149K -2,715 -16%
YC
406
Yarbrough Capital
Tennessee
$931K
EF
407
Empowered Funds
Pennsylvania
$930K +$99.8K +1,820 +15%
RCA
408
Roberts Capital Advisors
Colorado
$923K
GEM
409
Global Endowment Management
North Carolina
$922K
WLG
410
Williamson Legacy Group
Indiana
$921K +$749K +13,665 New
JSAM
411
J. Safra Asset Management
New York
$919K -$182K -3,315 -20%
MGP
412
Metis Global Partners
California
$917K +$185K +3,365 +33%
VCM
413
Virtue Capital Management
Tennessee
$913K +$743K +13,550 New
PRS
414
Pinkerton Retirement Specialists
Idaho
$901K +$733K +13,375 New
Envestnet Portfolio Solutions
415
Envestnet Portfolio Solutions
Illinois
$898K +$730K +13,320 New
GCM
416
Greenland Capital Management
New York
$895K +$728K +13,280 New
IC
417
IEQ Capital
California
$894K -$48.1M -877,490 -99%
AG
418
Algert Global
California
$876K +$713K +13,000 New
BAM
419
Blueshift Asset Management
New Jersey
$845K -$1.27M -23,190 -65%
KFA
420
Kelleher Financial Advisors
New York
$842K
LSA
421
Leonteq Securities AG
Switzerland
$841K +$503K +9,170 +277%
VI
422
Vestcor Inc
New Brunswick, Canada
$840K +$77.3K +1,410 +13%
FDP
423
Financiere des Professionnels
Quebec, Canada
$832K +$677K +12,345 New
PMAM
424
Picton Mahoney Asset Management
Ontario, Canada
$815K +$402K +7,325 +153%
HHGC
425
Hunting Hill Global Capital
New York
$809K +$109K +1,985 +20%

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.