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Carvana

255 hedge funds and large institutions have $4.65B invested in Carvana in 2023 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 69 increasing their positions, 90 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more capital invested

Capital invested by funds: $2.82B → $4.65B (+$1.84B)

24% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 46

7.79% more ownership

Funds ownership: 511.84%519.63% (+7.8%)

4% more funds holding

Funds holding: 245255 (+10)

1% less call options, than puts

Call options by funds: $879M | Put options by funds: $887M

17% less funds holding in top 10

Funds holding in top 10: 2319 (-4)

23% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 90

Holders
255
Holders Change
+10
Holders Change %
+4.08%
% of All Funds
4.05%
Holding in Top 10
19
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-17.39%
% of All Funds
0.3%
New
57
Increased
69
Reduced
90
Closed
46
Calls
$879M
Puts
$887M
Net Calls
-$8.49M
Net Calls Change
-$60.4M
Name Holding Trade Value Shares
Change
Change in
Stake
BCM
26
Brightlight Capital Management
Connecticut
$29.9M -$715K -83,125 -2%
Millennium Management
27
Millennium Management
New York
$28.8M -$112M -13,069,195 -79%
RC
28
RV Capital
Switzerland
$26.7M -$3.17M -368,500 -10%
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$25.2M -$55.1M -6,404,245 -73%
Voloridge Investment Management
30
Voloridge Investment Management
Florida
$24.4M -$8.16M -948,525 -25%
Point72 Asset Management
31
Point72 Asset Management
Connecticut
$23.1M +$23.6M +2,749,090 New
TD Asset Management
32
TD Asset Management
Ontario, Canada
$22.9M +$23.5M +2,728,150 New
SI
33
Schusterman Interests
Oklahoma
$22.5M
Bank of America
34
Bank of America
North Carolina
$22.2M +$4.24M +493,075 +23%
Gates Foundation Trust
35
Gates Foundation Trust
Washington
$21.8M
Jane Street
36
Jane Street
New York
$19.3M -$59.3M -6,891,435 -75%
Invesco
37
Invesco
Georgia
$18.5M -$2.74M -319,085 -13%
IFLIT
38
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
$17.8M
PCM
39
PAR Capital Management
Massachusetts
$16.9M +$5.16M +600,000 +43%
Bank of New York Mellon
40
Bank of New York Mellon
New York
$15.1M -$568K -66,010 -4%
SM
41
Selkirk Management
New Jersey
$13.7M +$430K +50,000 +3%
DCM
42
Driehaus Capital Management
Illinois
$11.1M +$11.4M +1,327,850 New
N
43
Nuveen
North Carolina
$11.1M +$973K +113,150 +9%
GAM
44
Gotham Asset Management
New York
$10.7M +$5.26M +610,985 +92%
Balyasny Asset Management
45
Balyasny Asset Management
Illinois
$10.4M +$10.7M +1,240,585 New
Dimensional Fund Advisors
46
Dimensional Fund Advisors
Texas
$9.98M +$10.2M +1,189,245 New
Tudor Investment Corp
47
Tudor Investment Corp
Connecticut
$9.93M -$8.19M -952,300 -45%
Allianz Asset Management
48
Allianz Asset Management
Germany
$9.87M +$10.1M +1,175,000 New
SFI
49
Susquehanna Fundamental Investments
Pennsylvania
$9.62M
AMC
50
Avenir Management Company
New York
$8.45M

CVNA Hedge Fund Activity: Q3 2023 in Review

255 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2023, worth a combined $4.65B — up 65% from $2.82B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new CVNA positions and 46 closed out — a net gain of 11 holders — while 69 added to existing stakes and 90 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $221M. The largest seller was Millennium Management, cutting an estimated $112M.

  • 255 institutional investors held Carvana (CVNA) as of Q3 2023, up from 245 in Q2 2023.
  • Funds reported $4.65B of Carvana stock for Q3 2023, up 65% quarter-over-quarter.
  • 57 funds opened new Carvana positions in Q3 2023 and 46 closed out, a net change of +11 holders.
  • The largest Carvana buyer in Q3 2023 was T. Rowe Price Associates, an estimated $221M added.
  • The largest Carvana seller in Q3 2023 was Millennium Management, an estimated $112M sold.

Based on aggregated 13F filings for Q3 2023.