Carvana
CVNA
319 hedge funds and large institutions have $18.7B invested in Carvana in 2020 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 80 increasing their positions, 126 reducing their positions, and 37 closing their positions.
122% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 37
82% more capital invested
Capital invested by funds: $10.2B → $18.7B (+$8.41B)
23% more funds holding in top 10
Funds holding in top 10: 22 → 27 (+5)
15% more funds holding
Funds holding: 277 → 319 (+42)
8% more call options, than puts
Call options by funds: $1.38B | Put options by funds: $1.27B
11.07% less ownership
Funds ownership: 613.1% → 602.03% (-11%)
37% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 126
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$1.01B |
| 2 |
DCP
D1 Capital Partners
New York
|
+$696M |
| 3 |
JP Morgan Chase
New York
|
+$246M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$80.2M |
| 5 |
Jennison Associates
New York
|
+$65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$795M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$419M |
| 3 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$306M |
| 4 |
ACA
Abdiel Capital Advisors
New York
|
-$209M |
| 5 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
-$121M |
CVNA Hedge Fund Activity: Q3 2020 in Review
319 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2020, worth a combined $18.7B — up 82% from $10.2B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new CVNA positions and 37 closed out — a net gain of 45 holders — while 80 added to existing stakes and 126 trimmed.
The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $1.01B. The largest seller was T. Rowe Price Associates, cutting an estimated $795M.
- 319 institutional investors held Carvana (CVNA) as of Q3 2020, up from 277 in Q2 2020.
- Funds reported $18.7B of Carvana stock for Q3 2020, up 82% quarter-over-quarter.
- 82 funds opened new Carvana positions in Q3 2020 and 37 closed out, a net change of +45 holders.
- The largest Carvana buyer in Q3 2020 was Baillie Gifford & Co, an estimated $1.01B added.
- The largest Carvana seller in Q3 2020 was T. Rowe Price Associates, an estimated $795M sold.
Based on aggregated 13F filings for Q3 2020.