Carvana
CVNA
124 hedge funds and large institutions have $1.52B invested in Carvana in 2018 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 49 increasing their positions, 17 reducing their positions, and 9 closing their positions.
444% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 9
194% more capital invested
Capital invested by funds: $517M → $1.52B (+$1B)
188% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 17
133% more funds holding in top 10
Funds holding in top 10: 6 → 14 (+8)
48% more funds holding
Funds holding: 84 → 124 (+40)
43% more call options, than puts
Call options by funds: $68.5M | Put options by funds: $47.8M
6.28% less ownership
Funds ownership: 577.92% → 571.63% (-6.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
+$138M |
| 2 |
MCM
Melvin Capital Management
New York
|
+$51.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$36.8M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$31.6M |
| 5 |
BlackRock
New York
|
+$27.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$33.2M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$9.2M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$5.63M |
| 4 |
ClearBridge Investments
New York
|
-$4.91M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
-$4.91M |
CVNA Hedge Fund Activity: Q2 2018 in Review
124 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q2 2018, worth a combined $1.52B — up 194% from $517M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CVNA positions and 9 closed out — a net gain of 40 holders — while 49 added to existing stakes and 17 trimmed.
The largest buyer was Spruce House Investment Management, adding an estimated $138M. The largest seller was Fidelity Investments, cutting an estimated $33.2M.
- 124 institutional investors held Carvana (CVNA) as of Q2 2018, up from 84 in Q1 2018.
- Funds reported $1.52B of Carvana stock for Q2 2018, up 194% quarter-over-quarter.
- 49 funds opened new Carvana positions in Q2 2018 and 9 closed out, a net change of +40 holders.
- The largest Carvana buyer in Q2 2018 was Spruce House Investment Management, an estimated $138M added.
- The largest Carvana seller in Q2 2018 was Fidelity Investments, an estimated $33.2M sold.
Based on aggregated 13F filings for Q2 2018.