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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
Focus Partners Wealth
576
Focus Partners Wealth
Massachusetts
$230K +$187K +3,410 New
BRWA
577
B. Riley Wealth Advisors
Florida
$228K +$185K +3,380 New
OAM
578
Oppenheimer Asset Management
New York
$225K +$183K +3,340 New
IA
579
IFG Advisors
Missouri
$224K +$182K +3,325 New
SF
580
Synovus Financial
Georgia
$223K +$182K +3,310 New
WMA
581
West Michigan Advisors
Michigan
$220K +$179K +3,260 New
MSFS
582
Main Street Financial Solutions
Pennsylvania
$219K +$178K +3,255 New
PCMH
583
Polymer Capital Management (HK)
Hong Kong
$218K +$178K +3,240 New
MOS
584
MGO One Seven
Ohio
$218K +$178K +3,240 New
PWM
585
Perigon Wealth Management
California
$218K +$178K +3,240 New
CT
586
Chicago Trust
Illinois
$218K +$177K +3,230 New
CIA
587
Caerus Investment Advisors
Texas
$217K +$176K +3,215 New
CA
588
CoreCap Advisors
Michigan
$212K +$171K +3,125 +20,833%
CCM
589
Coldstream Capital Management
Washington
$207K +$18.9K +345 +13%
GRP
590
Global Retirement Partners
California
$207K +$169K +3,075 New
PTC
591
Private Trust Company
Ohio
$206K +$168K +3,060 New
ACA
592
Aptus Capital Advisors
Alabama
$205K +$167K +3,040 New
AA
593
Alta Advisers
United Kingdom
$203K +$165K +3,005 New
JSSH
594
J. Safra Sarasin Holding
$202K +$165K +3,000 New
AO
595
Advisor OS
Illinois
$200K +$163K +2,975 New
GCP
596
GSA Capital Partners
United Kingdom
$200K -$308K -5,610 -65%
HC
597
Hillman Company
Pennsylvania
$189K +$154K +2,800 New
SWM
598
Spire Wealth Management
Virginia
$182K +$126K +2,300 +575%
CI Investments Inc
599
CI Investments Inc
Ontario, Canada
$166K -$3.84K -70 -3%
DJSG
600
D.J. St. Germain
Massachusetts
$156K +$127K +2,315 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.