Carvana
CVNA
223 hedge funds and large institutions have $4.15B invested in Carvana in 2019 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 74 increasing their positions, 69 reducing their positions, and 34 closing their positions.
169% more call options, than puts
Call options by funds: $331M | Put options by funds: $123M
59% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 34
57.77% more ownership
Funds ownership: 574.17% → 631.94% (+58%)
18% more capital invested
Capital invested by funds: $3.52B → $4.15B (+$636M)
10% more funds holding
Funds holding: 203 → 223 (+20)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
7% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
+$150M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$132M |
| 3 |
D.E. Shaw & Co
New York
|
+$102M |
| 4 |
LCG
Luxor Capital Group
New York
|
+$89.7M |
| 5 |
BlackRock
New York
|
+$54.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$47M |
| 2 |
MCM
Melvin Capital Management
New York
|
-$46.7M |
| 3 |
GC
Greenvale Capital
London,
United Kingdom
|
-$43.1M |
| 4 |
HCM
Hitchwood Capital Management
New York
|
-$33.3M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$32.9M |
CVNA Hedge Fund Activity: Q3 2019 in Review
223 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2019, worth a combined $4.15B — up 18% from $3.52B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new CVNA positions and 34 closed out — a net gain of 20 holders — while 74 added to existing stakes and 69 trimmed.
The largest buyer was Tiger Global Management, adding an estimated $150M. The largest seller was Nantahala Capital Management, cutting an estimated $47M.
- 223 institutional investors held Carvana (CVNA) as of Q3 2019, up from 203 in Q2 2019.
- Funds reported $4.15B of Carvana stock for Q3 2019, up 18% quarter-over-quarter.
- 54 funds opened new Carvana positions in Q3 2019 and 34 closed out, a net change of +20 holders.
- The largest Carvana buyer in Q3 2019 was Tiger Global Management, an estimated $150M added.
- The largest Carvana seller in Q3 2019 was Nantahala Capital Management, an estimated $47M sold.
Based on aggregated 13F filings for Q3 2019.