We are live on ! Find out more
CVNA icon

Carvana
CVNA

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: 613 → 740 (+127)

3% less funds holding in top 10

Funds holding in top 10: 40 → 39 (-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

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$850M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$694M
3
BlackRock
BlackRock
New York
+$584M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$400M
5
Coatue Management
Coatue Management
New York
+$347M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$911M
2
TCMNY
Thrive Capital Management (New York)
New York
-$560M
3
Viking Global Investors
Viking Global Investors
Connecticut
-$405M
4
DCP
Durable Capital Partners
Maryland
-$285M
5
CIP
CAS Investment Partners
Connecticut
-$209M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIMCA
751
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$4.16M -99,500 Closed
CC
752
Covalis Capital
United Kingdom
– -$3.66M -87,525 Closed
VCM
753
Voleon Capital Management
California
– -$3.26M -77,880 Closed
ACM
754
Alight Capital Management
New York
– -$3.14M -75,000 Closed
LIP
755
Lighthouse Investment Partners
Florida
– -$2.72M -65,000 Closed
Rockefeller Capital Management
756
Rockefeller Capital Management
New York
– -$2.6M -62,260 Closed
HF
757
HRT Financial
New York
– -$3.15M -57,380 Closed
AGAM
758
Avalon Global Asset Management
California
– -$2.09M -50,000 Closed
BCM
759
Bridgeway Capital Management
Texas
– -$1.84M -44,000 Closed
PD
760
Point72 (DIFC)
United Arab Emirates
– -$2.34M -42,605 Closed
HFA
761
Harbert Fund Advisors
Alabama
– -$1.57M -37,500 Closed
SCA
762
Sassicaia Capital Advisers
New York
– -$1.52M -36,250 Closed
CMTU
763
Capital Markets Trading (UK)
United Kingdom
– -$1.92M -35,015 Closed
RFM
764
Royal Fund Management
Florida
– -$1.42M -34,000 Closed
AC
765
Armistice Capital
New York
– -$1.06M -25,275 Closed
BC
766
Bridgefront Capital
Texas
– -$777K -18,580 Closed
IAN
767
Integrated Advisors Network
Texas
– -$773K -18,480 Closed
GAA
768
Global Assets Advisory
Florida
– -$704K -17,750 Closed
TC
769
TownSquare Capital
Utah
– -$635K -15,180 Closed
JGC
770
J. Goldman & Co
New York
– -$821K -14,970 Closed
HCP
771
Hexagon Capital Partners
Arkansas
– -$542K -12,955 Closed
PAS
772
Point72 Asia (Singapore)
Singapore
– -$539K -12,880 Closed
MS
773
Maven Securities
Jersey
– -$656K -11,955 Closed
LCG
774
Lisanti Capital Growth
New York
– -$425K -10,175 Closed
AC
775
Allstate Corporation
Illinois
– -$407K -9,735 Closed
29 30
31
32 33

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.