We are live on ! Find out more
CVNA icon

Carvana
CVNA

82 hedge funds and large institutions have $298M invested in Carvana in 2017 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 33 increasing their positions, 14 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 14

124.75% more ownership

Funds ownership: 529.23% → 653.98% (+125%)

14% more call options, than puts

Call options by funds: $9.63M | Put options by funds: $8.46M

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 21

2% less funds holding

Funds holding: 84 → 82 (-2)

8% less capital invested

Capital invested by funds: $326M → $298M (-$27.6M)

Holders
82
Holders Change
-2
Holders Change %
-2.38%
% of All Funds
2.04%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
21
Increased
33
Reduced
14
Closed
21
Calls
$9.63M
Puts
$8.46M
Net Calls
+$1.17M
Net Calls Change
+$3.4M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$16.2M
2
SCH
Sylebra Capital (HK)
Hong Kong
+$15.4M
3
CCP
Clough Capital Partners
Massachusetts
+$12.3M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$10.9M
5
PCM
PAR Capital Management
Massachusetts
+$6.56M

Top Sellers

1
PWAM
Park West Asset Management
California
-$18.3M
2
O
OppenheimerFunds
New York
-$9.12M
3
Citadel Advisors
Citadel Advisors
Florida
-$3.51M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.71M
5
Two Sigma Investments
Two Sigma Investments
New York
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$329K -$82K -22,500 -17%
Millennium Management
52
Millennium Management
New York
$310K +$385K +105,690 New
Morgan Stanley
53
Morgan Stanley
New York
$299K -$57.9K -15,870 -13%
RhumbLine Advisers
54
RhumbLine Advisers
Massachusetts
$281K -$365 -100 -0.1%
SGCA
55
Steel Grove Capital Advisors
Tennessee
$276K +$620 +170 +0.2%
CG
56
Cutler Group
California
$275K +$333K +91,415 +3,657%
AllianceBernstein
57
AllianceBernstein
Tennessee
$258K -$182K -50,000 -36%
New York State Common Retirement Fund
58
New York State Common Retirement Fund
New York
$238K – – –
Manulife (Manufacturers Life Insurance)
59
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$220K +$38.4K +10,540 +16%
GEM
60
Global Endowment Management
North Carolina
$188K +$233K +64,000 New
Russell Investments Group
61
Russell Investments Group
United Kingdom
$185K +$230K +63,015 New
JP Morgan Chase
62
JP Morgan Chase
New York
$165K +$193K +52,945 +2,272%
CS
63
Credit Suisse
Switzerland
$153K +$189K +51,945 New
AIG
64
American International Group
New York
$149K +$13.8K +3,795 +8%
MLICM
65
Metropolitan Life Insurance Company (MetLife)
New York
$110K -$129K -35,315 -48%
QT
66
Quantbot Technologies
New York
$99K +$99.7K +27,335 +421%
Simplex Trading
67
Simplex Trading
Illinois
$58K +$72.2K +19,810 New
MUS
68
Mitsubishi UFJ Securities
Japan
$43K +$53.4K +14,650 New
TRCT
69
Tower Research Capital (TRC)
New York
$37K +$46.5K +12,750 New
PHK
70
Point72 Hong Kong
Hong Kong
$34K +$37.3K +10,230 +733%
Legal & General Group
71
Legal & General Group
United Kingdom
$33K – – –
BNP Paribas Financial Markets
72
BNP Paribas Financial Markets
France
$23.3K – – –
AIP
73
Ameritas Investment Partners
Nebraska
$23K – – –
Northwestern Mutual Wealth Management
74
Northwestern Mutual Wealth Management
Wisconsin
$15K – – –
CCA
75
Catalyst Capital Advisors
New York
$11K – – –
1 2
3
4 5

CVNA Hedge Fund Activity: Q3 2017 in Review

82 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2017, worth a combined $298M — down 8.5% from $326M a quarter earlier.

Fund positioning in CVNA was balanced in Q3 2017: 21 funds opened new positions, 21 closed out, 33 added to existing stakes and 14 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $16.2M. The largest seller was Park West Asset Management, exiting entirely with an estimated $18.3M sold.

  • 82 institutional investors held Carvana (CVNA) as of Q3 2017, down from 84 in Q2 2017.
  • Funds reported $298M of Carvana stock for Q3 2017, down 8.5% quarter-over-quarter.
  • 21 funds opened new Carvana positions in Q3 2017 and 21 closed out, a net change of 0 holders.
  • The largest Carvana buyer in Q3 2017 was Fidelity Investments, an estimated $16.2M added.
  • The largest Carvana seller in Q3 2017 was Park West Asset Management, an estimated $18.3M sold.

Based on aggregated 13F filings for Q3 2017.