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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
BA
201
Bellwether Advisors
Nebraska
$7.71M +$6.28M +114,460 New
AAF
202
Andra AP-fonden
Sweden
$7.68M
CAU
203
Caxton Associates (UK)
$7.61M +$6.19M +112,920 New
DnB Asset Management
204
DnB Asset Management
Norway
$7.56M +$720K +13,125 +13%
Toronto Dominion Bank
205
Toronto Dominion Bank
Ontario, Canada
$7.47M +$1.26M +23,000 +26%
BSAM
206
Blue Square Asset Management
New York
$7.15M +$5.82M +106,155 New
Wealthfront Advisers
207
Wealthfront Advisers
California
$7.13M +$781K +14,240 +16%
PAG
208
Private Advisor Group
New Jersey
$7.12M -$739K -13,470 -11%
Citadel Advisors
209
Citadel Advisors
Florida
$7.09M +$5.77M +105,165 New
SO
210
STRS Ohio
Ohio
$6.7M +$4.33M +79,005 +388%
GCM
211
Genus Capital Management
British Columbia, Canada
$6.6M
YIH
212
Y-Intercept (HK)
Hong Kong
$6.6M +$5.37M +97,880 New
PFSRSONJ
213
Police & Firemen's Retirement System of New Jersey
New Jersey
$6.57M -$5.43M -99,035 -50%
VMPIC
214
Varma Mutual Pension Insurance Co
Finland
$6.52M +$82.3K +1,500 +2%
VanEck Associates
215
VanEck Associates
New York
$6.43M -$3.56K -65 -0.1%
BCIM
216
British Columbia Investment Management
British Columbia, Canada
$6.41M -$850K -15,500 -14%
URS
217
Utah Retirement Systems
Utah
$6.36M +$271K +4,940 +6%
Kovitz Investment Group Partners
218
Kovitz Investment Group Partners
Illinois
$6.34M +$313K +5,710 +6%
Jacobs Levy Equity Management
219
Jacobs Levy Equity Management
New Jersey
$6.33M +$625K +11,390 +14%
Caisse de Depot et Placement du Quebec (CDPQ)
220
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$6.29M -$2.15M -39,130 -30%
VRS
221
Virginia Retirement Systems
Virginia
$6.23M +$302K +5,500 +6%
Creative Planning
222
Creative Planning
Kansas
$6.23M +$907K +16,545 +22%
Teacher Retirement System of Texas
223
Teacher Retirement System of Texas
Texas
$6.19M +$402K +7,340 +9%
FDC
224
Flight Deck Capital
California
$6.17M -$4.5M -82,000 -47%
Nisa Investment Advisors
225
Nisa Investment Advisors
Missouri
$5.81M -$123K -2,250 -3%

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.