Carvana
CVNA
153 hedge funds and large institutions have $1.7B invested in Carvana in 2018 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 61 increasing their positions, 36 reducing their positions, and 42 closing their positions.
165% more call options, than puts
Call options by funds: $123M | Put options by funds: $46.6M
113.7% more ownership
Funds ownership: 556.88% → 670.58% (+114%)
69% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 36
13% more funds holding in top 10
Funds holding in top 10: 15 → 17 (+2)
4% less funds holding
Funds holding: 160 → 153 (-7)
14% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 42
24% less capital invested
Capital invested by funds: $2.25B → $1.7B (-$550M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$133M |
| 2 |
HP
Hound Partners
New York
|
+$55.9M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$29.1M |
| 4 |
ClearBridge Investments
New York
|
+$28M |
| 5 |
SHIM
Spruce House Investment Management
New York
|
+$26.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hoplite Capital Management
New York
|
-$35.6M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$17.5M |
| 3 |
GCP
Garelick Capital Partners
Boston,
Massachusetts
|
-$17.4M |
| 4 |
HCM
Hitchwood Capital Management
New York
|
-$11.8M |
| 5 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$11.5M |
CVNA Hedge Fund Activity: Q4 2018 in Review
153 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q4 2018, worth a combined $1.7B — down 24% from $2.25B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of CVNA and 36 opened new positions — a net loss of 6 holders — while 36 trimmed existing stakes and 61 added.
The largest buyer was Fidelity Investments, adding an estimated $133M. The largest seller was Hoplite Capital Management, exiting entirely with an estimated $35.6M sold.
- 153 institutional investors held Carvana (CVNA) as of Q4 2018, down from 160 in Q3 2018.
- Funds reported $1.7B of Carvana stock for Q4 2018, down 24% quarter-over-quarter.
- 36 funds opened new Carvana positions in Q4 2018 and 42 closed out, a net change of -6 holders.
- The largest Carvana buyer in Q4 2018 was Fidelity Investments, an estimated $133M added.
- The largest Carvana seller in Q4 2018 was Hoplite Capital Management, an estimated $35.6M sold.
Based on aggregated 13F filings for Q4 2018.