Carvana
CVNA
84 hedge funds and large institutions have $517M invested in Carvana in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 20 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
37% more capital invested
Capital invested by funds: $377M → $517M (+$140M)
20% more call options, than puts
Call options by funds: $19.3M | Put options by funds: $16.1M
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
5% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 20
0% more funds holding
Funds holding: 84 → 84 (0)
35.9% less ownership
Funds ownership: 613.81% → 577.92% (-36%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
CAS Investment Partners
Westport,
Connecticut
|
+$40.1M |
| 2 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
+$14.3M |
| 3 |
6CM
683 Capital Management
New York
|
+$11.5M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.23M |
| 5 |
SHIM
Spruce House Investment Management
New York
|
+$5.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
-$13.8M |
| 2 |
MCM
Melvin Capital Management
New York
|
-$11.8M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$6.81M |
| 4 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$3.31M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$3.11M |
CVNA Hedge Fund Activity: Q1 2018 in Review
84 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q1 2018, worth a combined $517M — up 37% from $377M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CVNA positions and 20 closed out — a net gain of 1 holder — while 24 added to existing stakes and 22 trimmed.
The largest buyer was CAS Investment Partners, opening a new position worth an estimated $40.1M. The largest seller was William Blair & Company, cutting an estimated $13.8M.
- 84 institutional investors held Carvana (CVNA) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $517M of Carvana stock for Q1 2018, up 37% quarter-over-quarter.
- 21 funds opened new Carvana positions in Q1 2018 and 20 closed out, a net change of +1 holder.
- The largest Carvana buyer in Q1 2018 was CAS Investment Partners, an estimated $40.1M added.
- The largest Carvana seller in Q1 2018 was William Blair & Company, an estimated $13.8M sold.
Based on aggregated 13F filings for Q1 2018.