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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
BF
476
BOK Financial
Oklahoma
$544K +$442K +8,065 New
BF
477
Brucke Financial
Indiana
$540K -$23K -420 -5%
YCM
478
Yousif Capital Management
Michigan
$540K +$92.4K +1,685 +27%
HWM
479
Hemington Wealth Management
Virginia
$534K -$5.48K -100 -1%
FFM
480
Forum Financial Management
Illinois
$512K
FRA
481
Frank Rimerman Advisors
California
$512K -$44.7K -815 -10%
AWA
482
Arkadios Wealth Advisors
Georgia
$506K +$94.6K +1,725 +30%
RWM
483
Ritholtz Wealth Management
New York
$505K +$411K +7,500 New
HMCP
484
Hook Mill Capital Partners
New York
$505K +$78.7K +1,435 +24%
TSS
485
Two Sigma Securities
New York
$494K -$155K -2,825 -28%
I
486
InceptionR
California
$494K +$402K +7,330 New
SAM
487
Shell Asset Management
Netherlands
$490K +$243K +4,425 +155%
SI
488
Stephens Inc
Arkansas
$489K
NAS
489
NWF Advisory Services
California
$489K
Northwestern Mutual Wealth Management
490
Northwestern Mutual Wealth Management
Wisconsin
$488K +$61.4K +1,120 +18%
P
491
Pitcairn
Pennsylvania
$482K +$392K +7,155 New
MFG
492
Merit Financial Group
Georgia
$474K +$386K +7,035 New
DekaBank Deutsche Girozentrale
493
DekaBank Deutsche Girozentrale
Germany
$472K
CWA
494
Clarity Wealth Advisors
California
$469K
QWM
495
Quadcap Wealth Management
Texas
$461K +$375K +6,835 New
SWP
496
Stratos Wealth Partners
Ohio
$459K -$97.6K -1,780 -21%
PCP
497
Perbak Capital Partners
United Kingdom
$456K +$103K +1,885 +39%
BP
498
Ballentine Partners
Massachusetts
$454K -$31K -565 -8%
BBA
499
Baader Bank Aktiengesellschaft
Germany
$451K +$390K +7,115 New
QL
500
Quarry LP
New York
$450K +$366K +6,670 New

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.