Carvana
CVNA
203 hedge funds and large institutions have $3.52B invested in Carvana in 2019 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 61 increasing their positions, 71 reducing their positions, and 24 closing their positions.
88% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 24
50% more call options, than puts
Call options by funds: $304M | Put options by funds: $203M
12% more capital invested
Capital invested by funds: $3.14B → $3.52B (+$374M)
10% more funds holding
Funds holding: 184 → 203 (+19)
5% less funds holding in top 10
Funds holding in top 10: 21 → 20 (-1)
14% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 71
83.3% less ownership
Funds ownership: 657.46% → 574.17% (-83%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$54.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$53.4M |
| 3 |
Tiger Global Management
New York
|
+$50.1M |
| 4 |
Goldman Sachs
New York
|
+$27.4M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$20.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$81M |
| 2 |
HP
Hound Partners
New York
|
-$29.1M |
| 3 |
MCM
Melvin Capital Management
New York
|
-$28.9M |
| 4 |
BlackRock
New York
|
-$24.6M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$24.1M |
CVNA Hedge Fund Activity: Q2 2019 in Review
203 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q2 2019, worth a combined $3.52B — up 12% from $3.14B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new CVNA positions and 24 closed out — a net gain of 21 holders — while 61 added to existing stakes and 71 trimmed.
The largest buyer was Vanguard Group, adding an estimated $54.4M. The largest seller was Morgan Stanley, cutting an estimated $81M.
- 203 institutional investors held Carvana (CVNA) as of Q2 2019, up from 184 in Q1 2019.
- Funds reported $3.52B of Carvana stock for Q2 2019, up 12% quarter-over-quarter.
- 45 funds opened new Carvana positions in Q2 2019 and 24 closed out, a net change of +21 holders.
- The largest Carvana buyer in Q2 2019 was Vanguard Group, an estimated $54.4M added.
- The largest Carvana seller in Q2 2019 was Morgan Stanley, an estimated $81M sold.
Based on aggregated 13F filings for Q2 2019.