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Carvana

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: 613740 (+127)

3% less funds holding in top 10

Funds holding in top 10: 4039 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
Envestnet Asset Management
126
Envestnet Asset Management
Illinois
$32.9M +$14.2M +258,880 +113%
MFS
127
Mirabella Financial Services
United Kingdom
$32M -$42.5M -775,000 -62%
WorldQuant Millennium Advisors
128
WorldQuant Millennium Advisors
New York
$31.7M -$2.44M -44,585 -9%
ACM
129
Aquatic Capital Management
Illinois
$31.7M +$1.49M +27,240 +6%
New York State Common Retirement Fund
130
New York State Common Retirement Fund
New York
$31.5M -$4.86M -88,635 -16%
AHT
131
Amanah Holdings Trust
$30.7M +$25.1M +457,310 New
Aviva
132
Aviva
United Kingdom
$30.6M +$6.93M +126,400 +39%
3CP
133
3G Capital Partners
New York
$30.3M -$13.7M -250,000 -36%
Handelsbanken Fonder
134
Handelsbanken Fonder
Sweden
$29.3M -$1.26M -23,045 -5%
Swedbank
135
Swedbank
Sweden
$28.2M +$4.02M +73,375 +21%
Allianz Asset Management
136
Allianz Asset Management
Germany
$28.2M +$2.41M +43,885 +12%
SEI Investments
137
SEI Investments
Pennsylvania
$28.2M +$5.52M +100,635 +32%
HSBC Holdings
138
HSBC Holdings
United Kingdom
$25.9M +$1.35M +24,530 +7%
Susquehanna International Group
139
Susquehanna International Group
Pennsylvania
$25.7M -$11.5M -209,155 -35%
CSS
140
Cubist Systematic Strategies
Connecticut
$24.2M +$17.2M +313,755 +696%
LPL Financial
141
LPL Financial
California
$24M +$4.02M +73,335 +26%
AIM
142
Achmea Investment Management
Netherlands
$23.7M -$1.4M -25,495 -7%
State of Wisconsin Investment Board
143
State of Wisconsin Investment Board
Wisconsin
$23M -$2.06M -37,570 -10%
SAM
144
Storebrand Asset Management
Norway
$21.8M +$4.04M +73,705 +30%
QIM
145
Quantitative Investment Management
Virginia
$21.8M +$17.7M +322,875 New
Prudential Financial
146
Prudential Financial
New Jersey
$21.4M -$19.7M -359,695 -53%
Royal London Asset Management
147
Royal London Asset Management
United Kingdom
$20.8M +$2.44M +44,420 +17%
Citigroup
148
Citigroup
New York
$20.7M -$13.9M -253,010 -45%
SPPAM
149
Summit Partners Public Asset Management
Massachusetts
$20.2M -$43.1M -785,905 -72%
Treasurer of the State of North Carolina
150
Treasurer of the State of North Carolina
North Carolina
$20.2M +$2.87M +52,380 +21%

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.