Carvana
CVNA
215 hedge funds and large institutions have $1.09B invested in Carvana in 2023 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 46 increasing their positions, 72 reducing their positions, and 52 closing their positions.
85% more capital invested
Capital invested by funds: $588M → $1.09B (+$500M)
2% more call options, than puts
Call options by funds: $153M | Put options by funds: $150M
0% more funds holding in top 10
Funds holding in top 10: 15 → 15 (0)
4% less funds holding
Funds holding: 224 → 215 (-9)
13% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 52
36% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 72
61.26% less ownership
Funds ownership: 585% → 523.74% (-61%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Lingotto Investment Management
London,
United Kingdom
|
+$45M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$23.9M |
| 3 |
Millennium Management
New York
|
+$17.1M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$10.5M |
| 5 |
Coatue Management
New York
|
+$9.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$72.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$25.7M |
| 3 |
D.E. Shaw & Co
New York
|
-$22M |
| 4 |
Two Sigma Investments
New York
|
-$18.4M |
| 5 |
Renaissance Technologies
New York
|
-$14.1M |
CVNA Hedge Fund Activity: Q1 2023 in Review
215 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q1 2023, worth a combined $1.09B — up 85% from $588M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of CVNA and 45 opened new positions — a net loss of 7 holders — while 72 trimmed existing stakes and 46 added.
The largest buyer was Lingotto Investment Management, opening a new position worth an estimated $45M. The largest seller was Goldman Sachs, cutting an estimated $72.7M.
- 215 institutional investors held Carvana (CVNA) as of Q1 2023, down from 224 in Q4 2022.
- Funds reported $1.09B of Carvana stock for Q1 2023, up 85% quarter-over-quarter.
- 45 funds opened new Carvana positions in Q1 2023 and 52 closed out, a net change of -7 holders.
- The largest Carvana buyer in Q1 2023 was Lingotto Investment Management, an estimated $45M added.
- The largest Carvana seller in Q1 2023 was Goldman Sachs, an estimated $72.7M sold.
Based on aggregated 13F filings for Q1 2023.