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Carvana
CVNA

223 hedge funds and large institutions have $4.15B invested in Carvana in 2019 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 74 increasing their positions, 69 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

169% more call options, than puts

Call options by funds: $331M | Put options by funds: $123M

59% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 34

57.77% more ownership

Funds ownership: 574.17% → 631.94% (+58%)

18% more capital invested

Capital invested by funds: $3.52B → $4.15B (+$636M)

10% more funds holding

Funds holding: 203 → 223 (+20)

5% more funds holding in top 10

Funds holding in top 10: 20 → 21 (+1)

7% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 69

Holders
223
Holders Change
+20
Holders Change %
+9.85%
% of All Funds
4.89%
Holding in Top 10
21
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5%
% of All Funds
0.46%
New
54
Increased
74
Reduced
69
Closed
34
Calls
$331M
Puts
$123M
Net Calls
+$208M
Net Calls Change
+$107M

Top Buyers

Rank Fund Capital Flow
1
Tiger Global Management
Tiger Global Management
New York
+$150M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$132M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$102M
4
LCG
Luxor Capital Group
New York
+$89.7M
5
BlackRock
BlackRock
New York
+$54.2M

Top Sellers

Rank Fund Capital Flow
1
NCM
Nantahala Capital Management
Connecticut
-$47M
2
MCM
Melvin Capital Management
New York
-$46.7M
3
GC
Greenvale Capital
United Kingdom
-$43.1M
4
HCM
Hitchwood Capital Management
New York
-$33.3M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$32.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
CG
101
Cutler Group
California
$2.16M -$1.19M -82,490 -33%
TFCM
102
Taylor Frigon Capital Management
Arizona
$2.12M -$1.22M -85,090 -35%
PI
103
PEAK6 Investments
Illinois
$1.99M +$900K +62,645 +71%
Invesco
104
Invesco
Georgia
$1.89M +$569K +39,610 +38%
RA
105
Royce & Associates
New York
$1.85M – – –
Deutsche Bank
106
Deutsche Bank
Germany
$1.82M -$22.1M -1,535,655 -92%
CIC
107
Carnegie Investment Counsel
Ohio
$1.82M -$1.56M -108,850 -44%
AG
108
Advisor Group
Arizona
$1.7M +$1.74M +121,000 +1,621%
HCM
109
Highline Capital Management
New York
$1.66M +$1.8M +125,445 New
Alyeska Investment Group
110
Alyeska Investment Group
Illinois
$1.64M +$1.79M +124,500 New
PPA
111
Parametric Portfolio Associates
Washington
$1.63M +$899K +62,595 +102%
BAM
112
Blueshift Asset Management
New Jersey
$1.59M +$1.73M +120,600 New
BCM
113
Bayesian Capital Management
New York
$1.49M +$1.62M +112,855 New
CM
114
Caption Management
Oklahoma
$1.48M +$1.62M +112,500 New
SG Americas Securities
115
SG Americas Securities
New York
$1.41M -$996K -69,305 -39%
RCM
116
Requisite Capital Management
Texas
$1.32M -$2.51M -175,000 -64%
EGM
117
Engineers Gate Manager
New York
$1.26M +$1.37M +95,670 New
ARTA
118
A.R.T. Advisors
New York
$1.23M +$1.34M +92,935 New
NCM
119
Nantahala Capital Management
Connecticut
$1.22M -$47M -3,271,925 -97%
Legal & General Group
120
Legal & General Group
United Kingdom
$1.15M +$390K +27,110 +45%
CSS
121
Cubist Systematic Strategies
Connecticut
$1.11M -$682K -47,500 -36%
RA
122
Rational Advisors
New York
$1.09M -$395K -27,500 -25%
TCM
123
Tuttle Capital Management
Connecticut
$1.09M +$964K +67,065 New
Envestnet Asset Management
124
Envestnet Asset Management
Illinois
$1.08M -$135K -9,420 -10%
Ohio Public Employees Retirement System (OPERS)
125
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.01M +$130K +9,035 +13%
3 4
5
6 7

CVNA Hedge Fund Activity: Q3 2019 in Review

223 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2019, worth a combined $4.15B — up 18% from $3.52B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new CVNA positions and 34 closed out — a net gain of 20 holders — while 74 added to existing stakes and 69 trimmed.

The largest buyer was Tiger Global Management, adding an estimated $150M. The largest seller was Nantahala Capital Management, cutting an estimated $47M.

  • 223 institutional investors held Carvana (CVNA) as of Q3 2019, up from 203 in Q2 2019.
  • Funds reported $4.15B of Carvana stock for Q3 2019, up 18% quarter-over-quarter.
  • 54 funds opened new Carvana positions in Q3 2019 and 34 closed out, a net change of +20 holders.
  • The largest Carvana buyer in Q3 2019 was Tiger Global Management, an estimated $150M added.
  • The largest Carvana seller in Q3 2019 was Nantahala Capital Management, an estimated $47M sold.

Based on aggregated 13F filings for Q3 2019.