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Carvana
CVNA

401 hedge funds and large institutions have $21B invested in Carvana in 2020 Q4 according to their latest regulatory filings, with 134 funds opening new positions, 131 increasing their positions, 104 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

179% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 48

37% more call options, than puts

Call options by funds: $1.51B | Put options by funds: $1.1B

26% more funds holding

Funds holding: 318 → 401 (+83)

26% more repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 104

18.97% more ownership

Funds ownership: 602.03% → 621% (+19%)

13% more capital invested

Capital invested by funds: $18.6B → $21B (+$2.42B)

15% less funds holding in top 10

Funds holding in top 10: 27 → 23 (-4)

Holders
401
Holders Change
+83
Holders Change %
+26.1%
% of All Funds
7.1%
Holding in Top 10
23
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-14.81%
% of All Funds
0.41%
New
134
Increased
131
Reduced
104
Closed
48
Calls
$1.51B
Puts
$1.1B
Net Calls
+$407M
Net Calls Change
+$301M

Top Buyers

Rank Fund Capital Flow
1
LPC
Lone Pine Capital
Connecticut
+$560M
2
Jennison Associates
Jennison Associates
New York
+$290M
3
WRCM
Whale Rock Capital Management
Massachusetts
+$246M
4
BlackRock
BlackRock
New York
+$241M
5
State Street
State Street
Massachusetts
+$106M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$455M
2
DCP
D1 Capital Partners
New York
-$365M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$196M
4
Barclays
Barclays
United Kingdom
-$93.2M
5
CIP
CAS Investment Partners
Connecticut
-$91.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
EAMA
151
EFG Asset Management (Americas)
Florida
$3.1M -$1.06M -23,245 -26%
DIM
152
Delta Investment Management
California
$3.04M +$2.9M +63,390 New
CIP
153
Chartwell Investment Partners
Pennsylvania
$2.96M -$922K -20,180 -25%
BA
154
Birinyi Associates
Connecticut
$2.92M +$354K +7,750 +15%
Envestnet Asset Management
155
Envestnet Asset Management
Illinois
$2.89M +$734K +16,050 +36%
AAM
156
Advisors Asset Management
Colorado
$2.87M +$385K +8,430 +16%
ACM
157
Arrow Capital Management
New York
$2.86M +$2.73M +59,660 New
SEI Investments
158
SEI Investments
Pennsylvania
$2.82M +$2.3M +50,380 +597%
Toronto Dominion Bank
159
Toronto Dominion Bank
Ontario, Canada
$2.82M +$2.69M +58,825 New
AG
160
Aperio Group
California
$2.82M +$511K +11,170 +23%
FAF
161
Första AP-fonden
Sweden
$2.8M +$2.67M +58,500 New
CSS
162
Cubist Systematic Strategies
Connecticut
$2.7M +$142K +3,100 +6%
URS
163
Utah Retirement Systems
Utah
$2.68M +$160K +3,500 +7%
Nomura Asset Management
164
Nomura Asset Management
Japan
$2.62M +$1.13M +24,650 +82%
Zurich Cantonal Bank
165
Zurich Cantonal Bank
Switzerland
$2.56M +$825K +18,045 +51%
BCIM
166
British Columbia Investment Management
British Columbia, Canada
$2.53M +$2.41M +52,780 New
OPERF
167
Oregon Public Employees Retirement Fund
Oregon
$2.49M +$2.37M +51,940 New
Principal Financial Group
168
Principal Financial Group
Iowa
$2.49M -$226K -4,945 -9%
WMSA
169
Weiss Multi-Strategy Advisers
New York
$2.41M +$2.3M +50,280 New
HSBC Holdings
170
HSBC Holdings
United Kingdom
$2.35M +$186K +4,060 +9%
TC
171
TwinBeech Capital
New York
$2.31M +$2.21M +48,310 New
Skandinaviska Enskilda Banken (SEB)
172
Skandinaviska Enskilda Banken (SEB)
Sweden
$2.24M +$2.14M +46,750 New
Voloridge Investment Management
173
Voloridge Investment Management
Florida
$2.18M -$14.7M -321,210 -88%
MCM
174
Moore Capital Management
New York
$2.16M +$2.06M +45,010 New
Public Employees Retirement Association of Colorado
175
Public Employees Retirement Association of Colorado
Colorado
$2.1M -$29K -635 -1%
5 6
7
8 9

CVNA Hedge Fund Activity: Q4 2020 in Review

401 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q4 2020, worth a combined $21B — up 13% from $18.6B a quarter earlier.

Buyers outnumbered sellers: 134 funds opened new CVNA positions and 48 closed out — a net gain of 86 holders — while 131 added to existing stakes and 104 trimmed.

The largest buyer was Lone Pine Capital, opening a new position worth an estimated $560M. The largest seller was Morgan Stanley, cutting an estimated $455M.

  • 401 institutional investors held Carvana (CVNA) as of Q4 2020, up from 318 in Q3 2020.
  • Funds reported $21B of Carvana stock for Q4 2020, up 13% quarter-over-quarter.
  • 134 funds opened new Carvana positions in Q4 2020 and 48 closed out, a net change of +86 holders.
  • The largest Carvana buyer in Q4 2020 was Lone Pine Capital, an estimated $560M added.
  • The largest Carvana seller in Q4 2020 was Morgan Stanley, an estimated $455M sold.

Based on aggregated 13F filings for Q4 2020.