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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
IWC
501
Integrated Wealth Concepts
Massachusetts
$446K +$363K +6,620 New
FFA
502
Florida Financial Advisors
Florida
$444K -$36.5K -665 -9%
M1FG
503
Mach-1 Financial Group
Arkansas
$441K -$113K -2,065 -24%
NW
504
NewEdge Wealth
Pennsylvania
$424K +$325K +5,920 New
CI
505
Cigna Investments
Connecticut
$422K +$42.5K +775 +14%
KAS
506
Kestra Advisory Services
Texas
$421K +$342K +6,245 New
ATPW
507
Ashton Thomas Private Wealth
Arizona
$421K -$18.9K -345 -5%
CCG
508
Capital CS Group
California
$416K +$339K +6,175 New
SPC
509
Sigma Planning Corp
Michigan
$410K -$22.5K -410 -6%
CL
510
Choreo LLC
Illinois
$410K +$50.4K +920 +18%
JWCA
511
J.W. Cole Advisors
Florida
$405K +$27.4K +500 +9%
GCS
512
Gordian Capital (Singapore)
Singapore
$404K +$165K +3,000 +100%
ALAM
513
Asahi Life Asset Management
Japan
$404K +$329K +6,000 New
RFC
514
Regions Financial Corp
Alabama
$402K +$327K +5,970 New
GI
515
GAMMA Investing
California
$396K +$39.5K +720 +14%
AT
516
American Trust
Kentucky
$394K +$321K +5,850 New
WSWA
517
Warren Street Wealth Advisors
California
$388K +$8.5K +155 +3%
SOW
518
State of Wyoming
Wyoming
$387K +$66.9K +1,220 +27%
CGH
519
Crossmark Global Holdings
Texas
$382K +$311K +5,665 New
AF
520
Allworth Financial
California
$381K +$159K +2,895 +105%
BFM
521
Boothbay Fund Management
New York
$379K -$62K -1,130 -17%
BIM
522
Bridges Investment Management
Nebraska
$378K +$307K +5,605 New
FCP
523
Fidelis Capital Partners
Florida
$377K +$1.65K +30 +0.6%
UAG
524
United Advisor Group
Ohio
$376K
FHA
525
First Horizon Advisors
Tennessee
$375K +$246K +4,480 +411%

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.