Carvana
CVNA
277 hedge funds and large institutions have $10.2B invested in Carvana in 2020 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 83 increasing their positions, 76 reducing their positions, and 29 closing their positions.
193% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 29
116% more capital invested
Capital invested by funds: $4.75B → $10.2B (+$5.49B)
88% more call options, than puts
Call options by funds: $800M | Put options by funds: $425M
25% more funds holding
Funds holding: 222 → 277 (+55)
9% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 76
4% less funds holding in top 10
Funds holding in top 10: 23 → 22 (-1)
239.72% less ownership
Funds ownership: 852.81% → 613.1% (-240%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$147M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$132M |
| 3 |
DCP
D1 Capital Partners
New York
|
+$96.9M |
| 4 |
Morgan Stanley
New York
|
+$91.8M |
| 5 |
D.E. Shaw & Co
New York
|
+$67.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$398M |
| 2 |
Goldman Sachs
New York
|
-$89.1M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$80M |
| 4 |
ClearBridge Investments
New York
|
-$62.8M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$49.6M |
CVNA Hedge Fund Activity: Q2 2020 in Review
277 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q2 2020, worth a combined $10.2B — up 116% from $4.75B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new CVNA positions and 29 closed out — a net gain of 56 holders — while 83 added to existing stakes and 76 trimmed.
The largest buyer was Jennison Associates, opening a new position worth an estimated $147M. The largest seller was Lone Pine Capital, cutting an estimated $398M.
- 277 institutional investors held Carvana (CVNA) as of Q2 2020, up from 222 in Q1 2020.
- Funds reported $10.2B of Carvana stock for Q2 2020, up 116% quarter-over-quarter.
- 85 funds opened new Carvana positions in Q2 2020 and 29 closed out, a net change of +56 holders.
- The largest Carvana buyer in Q2 2020 was Jennison Associates, an estimated $147M added.
- The largest Carvana seller in Q2 2020 was Lone Pine Capital, an estimated $398M sold.
Based on aggregated 13F filings for Q2 2020.