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Carvana
CVNA

421 hedge funds and large institutions have $24.3B invested in Carvana in 2021 Q4 according to their latest regulatory filings, with 84 funds opening new positions, 156 increasing their positions, 126 reducing their positions, and 94 closing their positions.

New
Increased
Maintained
Reduced
Closed

38.14% more ownership

Funds ownership: 573.37% → 611.51% (+38%)

24% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 126

14% more funds holding in top 10

Funds holding in top 10: 28 → 32 (+4)

4% less funds holding

Funds holding: 439 → 421 (-18)

11% less first-time investments, than exits

New positions opened: 84 | Existing positions closed: 94

13% less call options, than puts

Call options by funds: $1.52B | Put options by funds: $1.74B

17% less capital invested

Capital invested by funds: $29.2B → $24.3B (-$4.96B)

Holders
421
Holders Change
-18
Holders Change %
-4.1%
% of All Funds
6.48%
Holding in Top 10
32
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+14.29%
% of All Funds
0.49%
New
84
Increased
156
Reduced
126
Closed
94
Calls
$1.52B
Puts
$1.74B
Net Calls
-$218M
Net Calls Change
+$434M

Top Buyers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
+$1.01B
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$695M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$533M
4
DCP
D1 Capital Partners
New York
+$506M
5
WRCM
Whale Rock Capital Management
Massachusetts
+$405M

Top Sellers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
-$937M
2
LPC
Lone Pine Capital
Connecticut
-$646M
3
Franklin Resources
Franklin Resources
California
-$180M
4
GGHC
Gilder Gagnon Howe & Co
New York
-$144M
5
Norges Bank
Norges Bank
Norway
-$137M
Name Holding Trade Value Shares
Change 		Change in
Stake
SMDAM
176
Sumitomo Mitsui DS Asset Management
Japan
$2.38M -$167K -3,035 -6%
WVP
177
Worth Venture Partners
New Jersey
$2.34M – – –
UCFA
178
United Capital Financial Advisors
Texas
$2.32M -$585K -10,625 -17%
AC
179
Allstate Corporation
Illinois
$2.14M +$2.54M +46,200 New
BCM
180
Bridgeway Capital Management
Texas
$2.13M +$330K +6,000 +15%
II
181
IFM Investors
Australia
$2.08M – – –
X
182
Xponance
Pennsylvania
$2.03M +$550 +10 +0%
BSAM
183
Blue Square Asset Management
New York
$1.91M +$926K +16,825 +69%
AI
184
Aperture Investors
New York
$1.88M +$2.23M +40,545 New
LPL Financial
185
LPL Financial
California
$1.87M -$667K -12,125 -23%
NAM
186
Nissay Asset Management
Japan
$1.8M +$58.3K +1,060 +3%
BA
187
Birinyi Associates
Connecticut
$1.76M -$653K -11,875 -24%
AGM
188
Alpine Global Management
New York
$1.72M +$2.03M +36,990 New
PIM
189
Platinum Investment Management
Australia
$1.71M -$253K -4,600 -11%
CIBC Asset Management
190
CIBC Asset Management
Ontario, Canada
$1.71M +$124K +2,255 +7%
AIMCA
191
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.67M +$110K +2,000 +6%
EDRH
192
Edmond de Rothschild Holding
Switzerland
$1.65M +$173K +3,140 +10%
VF
193
Virtu Financial
New York
$1.62M +$1.52M +27,540 +370%
AB
194
Amalgamated Bank
New York
$1.59M +$356K +6,480 +23%
WBC
195
Westpac Banking Corp
Australia
$1.58M +$471K +8,555 +34%
AAM
196
Advisors Asset Management
Colorado
$1.55M -$189K -3,430 -9%
Millennium Management
197
Millennium Management
New York
$1.54M +$1.83M +33,280 New
BS
198
Banco Santander
Spain
$1.54M +$354K +6,440 +24%
AR
199
Advisory Research
Illinois
$1.51M -$275K -5,000 -13%
Aberdeen Group
200
Aberdeen Group
United Kingdom
$1.51M +$20.9K +380 +1%
6 7
8
9 10

CVNA Hedge Fund Activity: Q4 2021 in Review

421 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q4 2021, worth a combined $24.3B — down 17% from $29.2B a quarter earlier.

Sellers outnumbered buyers: 94 funds closed out of CVNA and 84 opened new positions — a net loss of 10 holders — while 126 trimmed existing stakes and 156 added.

The largest buyer was Citigroup, adding an estimated $1.01B. The largest seller was Jennison Associates, cutting an estimated $937M.

  • 421 institutional investors held Carvana (CVNA) as of Q4 2021, down from 439 in Q3 2021.
  • Funds reported $24.3B of Carvana stock for Q4 2021, down 17% quarter-over-quarter.
  • 84 funds opened new Carvana positions in Q4 2021 and 94 closed out, a net change of -10 holders.
  • The largest Carvana buyer in Q4 2021 was Citigroup, an estimated $1.01B added.
  • The largest Carvana seller in Q4 2021 was Jennison Associates, an estimated $937M sold.

Based on aggregated 13F filings for Q4 2021.