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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.2M |
| 2 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$15.4M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$12.3M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$10.9M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$6.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$18.3M |
| 2 |
O
OppenheimerFunds
New York
|
-$9.12M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$3.51M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.71M |
| 5 |
Two Sigma Investments
New York
|
-$2.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
101
Meeder Asset Management
Dublin,
Ohio
| – | -$4K | -865 | Closed |
|
102
Citigroup
New York
| – | -$2K | -510 | Closed |
|
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.