Carvana
CVNA
613 hedge funds and large institutions have $25.8B invested in Carvana in 2025 Q1 according to their latest regulatory filings, with 124 funds opening new positions, 238 increasing their positions, 187 reducing their positions, and 85 closing their positions.
46% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 85
27% more repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 187
26% more call options, than puts
Call options by funds: $3.37B | Put options by funds: $2.68B
8% more funds holding in top 10
Funds holding in top 10: 37 → 40 (+3)
5% more funds holding
Funds holding: 585 → 613 (+28)
1% more capital invested
Capital invested by funds: $25.5B → $25.8B (+$260M)
29.04% less ownership
Funds ownership: 488.63% → 459.59% (-29%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$512M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$403M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
+$372M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$318M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$245M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$851M |
| 2 |
D.E. Shaw & Co
New York
|
-$351M |
| 3 |
SHIM
Spruce House Investment Management
New York
|
-$290M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$221M |
| 5 |
SM
SCGE Management
Menlo Park,
California
|
-$201M |
CVNA Hedge Fund Activity: Q1 2025 in Review
613 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q1 2025, worth a combined $25.8B — up 1% from $25.5B a quarter earlier.
Buyers outnumbered sellers: 124 funds opened new CVNA positions and 85 closed out — a net gain of 39 holders — while 238 added to existing stakes and 187 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $512M. The largest seller was Morgan Stanley, cutting an estimated $851M.
- 613 institutional investors held Carvana (CVNA) as of Q1 2025, up from 585 in Q4 2024.
- Funds reported $25.8B of Carvana stock for Q1 2025, up 1% quarter-over-quarter.
- 124 funds opened new Carvana positions in Q1 2025 and 85 closed out, a net change of +39 holders.
- The largest Carvana buyer in Q1 2025 was Lone Pine Capital, an estimated $512M added.
- The largest Carvana seller in Q1 2025 was Morgan Stanley, an estimated $851M sold.
Based on aggregated 13F filings for Q1 2025.