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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$41.1M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$40.6M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$39.4M |
| 4 |
HCM
Hoplite Capital Management
New York
|
+$32.2M |
| 5 |
WM
WS Management
Jacksonville,
Florida
|
+$29.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$104M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$39.6M |
| 3 |
HP
Hound Partners
New York
|
-$29.3M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$19M |
| 5 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$17.5M |
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.