Carvana
CVNA
433 hedge funds and large institutions have $24.5B invested in Carvana in 2021 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 156 increasing their positions, 126 reducing their positions, and 65 closing their positions.
52% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 65
36% more call options, than puts
Call options by funds: $920M | Put options by funds: $676M
26% more funds holding in top 10
Funds holding in top 10: 23 → 29 (+6)
24% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 126
17% more capital invested
Capital invested by funds: $21B → $24.5B (+$3.52B)
8% more funds holding
Funds holding: 401 → 433 (+32)
23.9% less ownership
Funds ownership: 621% → 597.1% (-24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$526M |
| 2 |
BlackRock
New York
|
+$133M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$119M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$115M |
| 5 |
TP
Third Point
New York
|
+$110M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
D1 Capital Partners
New York
|
-$376M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$372M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$168M |
| 4 |
D.E. Shaw & Co
New York
|
-$129M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$124M |
CVNA Hedge Fund Activity: Q1 2021 in Review
433 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q1 2021, worth a combined $24.5B — up 17% from $21B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new CVNA positions and 65 closed out — a net gain of 34 holders — while 156 added to existing stakes and 126 trimmed.
The largest buyer was Jennison Associates, adding an estimated $526M. The largest seller was D1 Capital Partners, cutting an estimated $376M.
- 433 institutional investors held Carvana (CVNA) as of Q1 2021, up from 401 in Q4 2020.
- Funds reported $24.5B of Carvana stock for Q1 2021, up 17% quarter-over-quarter.
- 99 funds opened new Carvana positions in Q1 2021 and 65 closed out, a net change of +34 holders.
- The largest Carvana buyer in Q1 2021 was Jennison Associates, an estimated $526M added.
- The largest Carvana seller in Q1 2021 was D1 Capital Partners, an estimated $376M sold.
Based on aggregated 13F filings for Q1 2021.