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Carvana
CVNA

160 hedge funds and large institutions have $2.25B invested in Carvana in 2018 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 51 increasing their positions, 40 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 14

66% more call options, than puts

Call options by funds: $129M | Put options by funds: $77.6M

48% more capital invested

Capital invested by funds: $1.52B → $2.25B (+$733M)

29% more funds holding

Funds holding: 124 → 160 (+36)

28% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 40

7% more funds holding in top 10

Funds holding in top 10: 14 → 15 (+1)

14.75% less ownership

Funds ownership: 571.63% → 556.88% (-15%)

Holders
160
Holders Change
+36
Holders Change %
+29.03%
% of All Funds
3.66%
Holding in Top 10
15
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+7.14%
% of All Funds
0.34%
New
51
Increased
51
Reduced
40
Closed
14
Calls
$129M
Puts
$77.6M
Net Calls
+$51M
Net Calls Change
+$30.3M

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$41.1M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$40.6M
3
NCM
Nantahala Capital Management
Connecticut
+$39.4M
4
HCM
Hoplite Capital Management
New York
+$32.2M
5
WM
WS Management
Florida
+$29.9M

Top Sellers

1
ABI
Abrams Bison Investments
Maryland
-$104M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$39.6M
3
HP
Hound Partners
New York
-$29.3M
4
CCP
Clough Capital Partners
Massachusetts
-$19M
5
FCM
Frontier Capital Management
Massachusetts
-$17.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$25.8M +$2.99M +279,085 +15%
Fidelity Investments
27
Fidelity Investments
Massachusetts
$25M -$39.6M -3,695,420 -64%
WRF
28
Waddell & Reed Financial
Kansas
$22.6M +$20.5M +1,912,905 New
PCM
29
PAR Capital Management
Massachusetts
$20.5M -$1.11M -103,360 -6%
Geode Capital Management
30
Geode Capital Management
Massachusetts
$18.5M +$2.46M +229,735 +17%
GCP
31
Garelick Capital Partners
Massachusetts
$17.4M +$15.8M +1,472,360 New
AA
32
Antipodean Advisors
New York
$17.3M +$13.1M +1,225,000 +510%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$16.9M -$1.08M -101,285 -7%
LOAMU
34
Lombard Odier Asset Management (USA)
New York
$14.8M +$13.4M +1,250,000 New
Citadel Advisors
35
Citadel Advisors
Florida
$13.7M +$11.7M +1,089,345 +1,479%
HCM
36
Hitchwood Capital Management
New York
$11.8M +$10.7M +1,000,000 New
CCMU
37
Cheyne Capital Management (UK)
United Kingdom
$11.5M +$1.64M +153,000 +19%
Balyasny Asset Management
38
Balyasny Asset Management
Illinois
$11.3M +$4.74M +443,170 +86%
Charles Schwab
39
Charles Schwab
California
$10.5M +$6.27M +585,220 +192%
BP
40
Banbury Partners
North Carolina
$8.86M +$8.03M +750,000 New
JP
41
Jana Partners
New York
$8.73M +$7.91M +738,955 New
Wells Fargo
42
Wells Fargo
California
$8.33M +$405K +37,845 +6%
PC
43
Pier Capital
Connecticut
$7.78M -$798K -74,525 -10%
First Trust Advisors
44
First Trust Advisors
Illinois
$7.72M +$766K +71,560 +12%
AR
45
Advisory Research
Illinois
$7.44M -$6.26M -584,705 -48%
PPA
46
Parametric Portfolio Associates
Washington
$6.96M -$2.04M -190,925 -24%
William Blair & Company
47
William Blair & Company
Illinois
$6.29M -$832K -77,720 -13%
OCP
48
Oakcliff Capital Partners
New York
$6.15M +$5.57M +520,100 New
TCIM
49
TIAA CREF Investment Management
New York
$6.05M -$881K -82,240 -14%
DZ Bank
50
DZ Bank
Germany
$5.98M +$2.45M +229,265 +83%
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CVNA Hedge Fund Activity: Q3 2018 in Review

160 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2018, worth a combined $2.25B — up 48% from $1.52B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new CVNA positions and 14 closed out — a net gain of 37 holders — while 51 added to existing stakes and 40 trimmed.

The largest buyer was Vanguard Group, adding an estimated $41.1M. The largest seller was Abrams Bison Investments, exiting entirely with an estimated $104M sold.

  • 160 institutional investors held Carvana (CVNA) as of Q3 2018, up from 124 in Q2 2018.
  • Funds reported $2.25B of Carvana stock for Q3 2018, up 48% quarter-over-quarter.
  • 51 funds opened new Carvana positions in Q3 2018 and 14 closed out, a net change of +37 holders.
  • The largest Carvana buyer in Q3 2018 was Vanguard Group, an estimated $41.1M added.
  • The largest Carvana seller in Q3 2018 was Abrams Bison Investments, an estimated $104M sold.

Based on aggregated 13F filings for Q3 2018.