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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
MGP
176
M&G plc
United Kingdom
$11.8M +$9.59M +174,975 New
EGM
177
Engineers Gate Manager
New York
$11.6M +$3.79M +69,050 +67%
ECM
178
Engle Capital Management
Connecticut
$11.4M +$9.27M +169,000 New
Zurich Cantonal Bank
179
Zurich Cantonal Bank
Switzerland
$11.1M +$2.6M +47,375 +41%
MC
180
Metavasi Capital
New York
$10.9M -$6.8M -124,075 -43%
Tudor Investment Corp
181
Tudor Investment Corp
Connecticut
$10.8M +$8.26M +150,720 +1,595%
PP
182
PDT Partners
New York
$10.4M -$4.37M -79,615 -34%
Skandinaviska Enskilda Banken (SEB)
183
Skandinaviska Enskilda Banken (SEB)
Sweden
$10.1M -$1.32M -24,130 -14%
IMRF
184
Illinois Municipal Retirement Fund
Illinois
$9.73M +$4.56M +83,130 +136%
MCP
185
Meridiem Capital Partners
Texas
$9.43M -$11.4M -208,405 -60%
QCM
186
Quantinno Capital Management
New York
$9.39M +$1.88M +34,365 +33%
FAF
187
Fjarde Ap-fonden
Sweden
$9.1M +$1.1M +20,000 +17%
SLAM
188
Swiss Life Asset Management
$8.83M +$5.01M +91,355 +231%
Osaic Holdings
189
Osaic Holdings
Arizona
$8.76M -$2.49M -45,490 -26%
Cetera Investment Advisers
190
Cetera Investment Advisers
Illinois
$8.68M +$1.07M +19,600 +18%
LF
191
Lansforsakringar Fondforvaltning
Sweden
$8.57M +$6.97M +127,145 New
UIM
192
USS Investment Management
United Kingdom
$8.52M +$89.7K +1,635 +1%
X
193
Xponance
Pennsylvania
$8.4M +$2.76M +50,380 +68%
LP
194
LMR Partners
United Kingdom
$8.38M -$32.8M -598,150 -83%
FAF
195
Första AP-fonden
Sweden
$8.36M -$6.41M -116,915 -49%
BAMF
196
BI Asset Management Fondsmaeglerselskab
Denmark
$8.34M +$5.36M +97,765 +377%
Lazard Asset Management
197
Lazard Asset Management
New York
$8.18M +$4.86M +88,645 +271%
Mirae Asset Global ETFs Holdings
198
Mirae Asset Global ETFs Holdings
Hong Kong
$7.96M -$234K -4,265 -3%
Janus Henderson Group
199
Janus Henderson Group
United Kingdom
$7.94M +$4.51M +82,270 +232%
II
200
IFM Investors
Australia
$7.79M +$567K +10,335 +10%

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.