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Carvana
CVNA

160 hedge funds and large institutions have $2.25B invested in Carvana in 2018 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 51 increasing their positions, 40 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 14

66% more call options, than puts

Call options by funds: $129M | Put options by funds: $77.6M

48% more capital invested

Capital invested by funds: $1.52B → $2.25B (+$733M)

29% more funds holding

Funds holding: 124 → 160 (+36)

28% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 40

7% more funds holding in top 10

Funds holding in top 10: 14 → 15 (+1)

14.75% less ownership

Funds ownership: 571.63% → 556.88% (-15%)

Holders
160
Holders Change
+36
Holders Change %
+29.03%
% of All Funds
3.66%
Holding in Top 10
15
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+7.14%
% of All Funds
0.34%
New
51
Increased
51
Reduced
40
Closed
14
Calls
$129M
Puts
$77.6M
Net Calls
+$51M
Net Calls Change
+$30.3M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$41.1M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$40.6M
3
NCM
Nantahala Capital Management
Connecticut
+$39.4M
4
HCM
Hoplite Capital Management
New York
+$32.2M
5
WM
WS Management
Florida
+$29.9M

Top Sellers

Rank Fund Capital Flow
1
ABI
Abrams Bison Investments
Maryland
-$104M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$39.6M
3
HP
Hound Partners
New York
-$29.3M
4
CCP
Clough Capital Partners
Massachusetts
-$19M
5
FCM
Frontier Capital Management
Massachusetts
-$17.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
FTC
126
Farmers Trust Company
Ohio
$236K +$214K +20,000 New
ProShare Advisors
127
ProShare Advisors
Maryland
$234K +$212K +19,805 New
PHK
128
Point72 Hong Kong
Hong Kong
$216K +$196K +18,285 New
Mirae Asset Global Investments
129
Mirae Asset Global Investments
South Korea
$214K +$194K +18,095 New
UBS Group
130
UBS Group
Switzerland
$212K -$85K -7,935 -31%
CS
131
Credit Suisse
Switzerland
$201K +$182K +17,030 New
AIP
132
Ameritas Investment Partners
Nebraska
$158K +$15.5K +1,445 +12%
Fifth Third Bancorp
133
Fifth Third Bancorp
Ohio
$157K +$142K +13,250 New
SPM
134
Symmetry Peak Management
Pennsylvania
$148K +$134K +12,500 New
FMT
135
First Mercantile Trust
Tennessee
$135K -$34.3K -3,205 -22%
CSS
136
Cubist Systematic Strategies
Connecticut
$120K +$109K +10,150 New
AG
137
Advisor Group
Arizona
$97K -$337K -31,500 -79%
BNP Paribas Financial Markets
138
BNP Paribas Financial Markets
France
$92.7K +$21.7K +2,030 +35%
SCM
139
Silvant Capital Management
Georgia
$88K +$79.9K +7,460 New
MUS
140
Mitsubishi UFJ Securities
Japan
$86K +$78.2K +7,300 New
CPA
141
Cowen Prime Advisors
New York
$59K – – –
Northwestern Mutual Wealth Management
142
Northwestern Mutual Wealth Management
Wisconsin
$59K – – –
HFM
143
Harvest Fund Management
China
$54K +$49.4K +4,610 New
DWA
144
Dorsey Wright & Associates
California
$30K +$27.3K +2,550 New
GWM
145
Geneos Wealth Management
Colorado
$29K +$26.8K +2,500 New
RCAG
146
Rehmann Capital Advisory Group
Michigan
$23K – – –
Citigroup
147
Citigroup
New York
$20K -$1.84M -172,240 -99%
VFA
148
Valeo Financial Advisors
Indiana
$19K – – –
S
149
SignatureFD
Georgia
$15K – – –
TDC
150
Thompson Davis & Co
Virginia
$15K – – –
3 4 5
6
7

CVNA Hedge Fund Activity: Q3 2018 in Review

160 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2018, worth a combined $2.25B — up 48% from $1.52B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new CVNA positions and 14 closed out — a net gain of 37 holders — while 51 added to existing stakes and 40 trimmed.

The largest buyer was Vanguard Group, adding an estimated $41.1M. The largest seller was Abrams Bison Investments, exiting entirely with an estimated $104M sold.

  • 160 institutional investors held Carvana (CVNA) as of Q3 2018, up from 124 in Q2 2018.
  • Funds reported $2.25B of Carvana stock for Q3 2018, up 48% quarter-over-quarter.
  • 51 funds opened new Carvana positions in Q3 2018 and 14 closed out, a net change of +37 holders.
  • The largest Carvana buyer in Q3 2018 was Vanguard Group, an estimated $41.1M added.
  • The largest Carvana seller in Q3 2018 was Abrams Bison Investments, an estimated $104M sold.

Based on aggregated 13F filings for Q3 2018.