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Carvana
CVNA

245 hedge funds and large institutions have $2.82B invested in Carvana in 2023 Q2 according to their latest regulatory filings, with 71 funds opening new positions, 59 increasing their positions, 58 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

159% more capital invested

Capital invested by funds: $1.09B → $2.82B (+$1.73B)

82% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 39

53% more funds holding in top 10

Funds holding in top 10: 15 → 23 (+8)

14% more funds holding

Funds holding: 214 → 245 (+31)

13% more call options, than puts

Call options by funds: $456M | Put options by funds: $404M

2% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 58

11.91% less ownership

Funds ownership: 523.74% → 511.84% (-12%)

Holders
245
Holders Change
+31
Holders Change %
+14.49%
% of All Funds
3.85%
Holding in Top 10
23
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+53.33%
% of All Funds
0.36%
New
71
Increased
59
Reduced
58
Closed
39
Calls
$456M
Puts
$404M
Net Calls
+$51.9M
Net Calls Change
+$48.9M

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$53.4M
2
Two Sigma Investments
Two Sigma Investments
New York
+$28.8M
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$28.4M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$23.1M
5
BC
BIT Capital
Germany
+$20.2M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$195M
2
BlackRock
BlackRock
New York
-$19.1M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$16.3M
4
Bank of America
Bank of America
North Carolina
-$13.8M
5
Morgan Stanley
Morgan Stanley
New York
-$13M
Name Holding Trade Value Shares
Change 		Change in
Stake
PC
26
Pelham Capital
United Kingdom
$19.9M -$3.07M -1,105,940 -22%
BCM
27
Brightlight Capital Management
Connecticut
$18.9M – – –
RC
28
RV Capital
Switzerland
$18.4M – – –
TI
29
Trexquant Investment
Connecticut
$16.4M +$8.8M +3,172,625 New
PCM
30
Penserra Capital Management
California
$14.1M +$3.32M +1,196,105 +79%
SI
31
Schusterman Interests
Oklahoma
$13.9M – – –
Gates Foundation Trust
32
Gates Foundation Trust
Washington
$13.5M – – –
Invesco
33
Invesco
Georgia
$13.1M +$3.09M +1,115,135 +79%
Coatue Management
34
Coatue Management
New York
$13M -$8.54M -3,079,900 -55%
Charles Schwab
35
Charles Schwab
California
$12.9M +$2.98M +1,073,000 +76%
Bank of America
36
Bank of America
North Carolina
$11.2M -$13.8M -4,970,460 -70%
Tudor Investment Corp
37
Tudor Investment Corp
Connecticut
$11.1M +$5.92M +2,135,550 New
IFLIT
38
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
$11M – – –
Bank of New York Mellon
39
Bank of New York Mellon
New York
$9.69M +$678K +244,595 +15%
Goldman Sachs
40
Goldman Sachs
New York
$9.63M +$184K +66,510 +4%
SC
41
Sculptor Capital
New York
$9.61M – – –
SM
42
Selkirk Management
New Jersey
$8.2M +$3.37M +1,215,000 +332%
PCM
43
PAR Capital Management
Massachusetts
$7.31M +$3.91M +1,410,000 New
APC
44
Alta Park Capital
California
$7.27M -$1.63M -589,500 -30%
N
45
Nuveen
North Carolina
$6.25M +$3.34M +1,204,905 New
SFI
46
Susquehanna Fundamental Investments
Pennsylvania
$5.94M – – –
AMC
47
Avenir Management Company
New York
$5.21M – – –
Swiss National Bank
48
Swiss National Bank
Switzerland
$5.09M +$27.7K +10,000 +1%
ACM
49
Anabranch Capital Management
Connecticut
$4.86M – – –
Holocene Advisors
50
Holocene Advisors
New York
$4.5M +$1.37M +492,875 +132%
1
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3 4 5

CVNA Hedge Fund Activity: Q2 2023 in Review

245 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q2 2023, worth a combined $2.82B — up 159% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new CVNA positions and 39 closed out — a net gain of 32 holders — while 59 added to existing stakes and 58 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $53.4M. The largest seller was Baillie Gifford & Co, cutting an estimated $195M.

  • 245 institutional investors held Carvana (CVNA) as of Q2 2023, up from 214 in Q1 2023.
  • Funds reported $2.82B of Carvana stock for Q2 2023, up 159% quarter-over-quarter.
  • 71 funds opened new Carvana positions in Q2 2023 and 39 closed out, a net change of +32 holders.
  • The largest Carvana buyer in Q2 2023 was D.E. Shaw & Co, an estimated $53.4M added.
  • The largest Carvana seller in Q2 2023 was Baillie Gifford & Co, an estimated $195M sold.

Based on aggregated 13F filings for Q2 2023.