Carvana
CVNA
222 hedge funds and large institutions have $4.75B invested in Carvana in 2020 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 90 increasing their positions, 57 reducing their positions, and 76 closing their positions.
207.8% more ownership
Funds ownership: 645.01% → 852.81% (+208%)
127% more call options, than puts
Call options by funds: $306M | Put options by funds: $135M
58% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 57
9% less funds holding
Funds holding: 245 → 222 (-23)
18% less funds holding in top 10
Funds holding in top 10: 28 → 23 (-5)
21% less capital invested
Capital invested by funds: $5.98B → $4.75B (-$1.23B)
26% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$842M |
| 2 |
Morgan Stanley
New York
|
+$360M |
| 3 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$317M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$248M |
| 5 |
ACA
Abdiel Capital Advisors
New York
|
+$134M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$108M |
| 2 |
SHIM
Spruce House Investment Management
New York
|
-$98.9M |
| 3 |
SIM
SRS Investment Management
New York
|
-$58M |
| 4 |
GC
Greenvale Capital
London,
United Kingdom
|
-$45.1M |
| 5 |
Renaissance Technologies
New York
|
-$42.3M |
CVNA Hedge Fund Activity: Q1 2020 in Review
222 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q1 2020, worth a combined $4.75B — down 21% from $5.98B a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of CVNA and 56 opened new positions — a net loss of 20 holders — while 57 trimmed existing stakes and 90 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $842M. The largest seller was Goldman Sachs, cutting an estimated $108M.
- 222 institutional investors held Carvana (CVNA) as of Q1 2020, down from 245 in Q4 2019.
- Funds reported $4.75B of Carvana stock for Q1 2020, down 21% quarter-over-quarter.
- 56 funds opened new Carvana positions in Q1 2020 and 76 closed out, a net change of -20 holders.
- The largest Carvana buyer in Q1 2020 was T. Rowe Price Associates, an estimated $842M added.
- The largest Carvana seller in Q1 2020 was Goldman Sachs, an estimated $108M sold.
Based on aggregated 13F filings for Q1 2020.