Carvana
CVNA
488 hedge funds and large institutions have $20.8B invested in Carvana in 2024 Q3 according to their latest regulatory filings, with 119 funds opening new positions, 172 increasing their positions, 151 reducing their positions, and 38 closing their positions.
213% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 38
39% more capital invested
Capital invested by funds: $15B → $20.8B (+$5.78B)
19% more funds holding
Funds holding: 409 → 488 (+79)
14% more repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 151
9% less funds holding in top 10
Funds holding in top 10: 34 → 31 (-3)
16.75% less ownership
Funds ownership: 498.48% → 481.73% (-17%)
30% less call options, than puts
Call options by funds: $2.28B | Put options by funds: $3.28B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$845M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$235M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$172M |
| 4 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$134M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$122M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$196M |
| 2 |
Jane Street
New York
|
-$178M |
| 3 |
Goldman Sachs
New York
|
-$172M |
| 4 |
Morgan Stanley
New York
|
-$94.2M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$92.3M |
CVNA Hedge Fund Activity: Q3 2024 in Review
488 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2024, worth a combined $20.8B — up 39% from $15B a quarter earlier.
Buyers outnumbered sellers: 119 funds opened new CVNA positions and 38 closed out — a net gain of 81 holders — while 172 added to existing stakes and 151 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $845M. The largest seller was D.E. Shaw & Co, cutting an estimated $196M.
- 488 institutional investors held Carvana (CVNA) as of Q3 2024, up from 409 in Q2 2024.
- Funds reported $20.8B of Carvana stock for Q3 2024, up 39% quarter-over-quarter.
- 119 funds opened new Carvana positions in Q3 2024 and 38 closed out, a net change of +81 holders.
- The largest Carvana buyer in Q3 2024 was Fidelity Investments, an estimated $845M added.
- The largest Carvana seller in Q3 2024 was D.E. Shaw & Co, an estimated $196M sold.
Based on aggregated 13F filings for Q3 2024.