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Carvana

255 hedge funds and large institutions have $4.65B invested in Carvana in 2023 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 69 increasing their positions, 90 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more capital invested

Capital invested by funds: $2.82B → $4.65B (+$1.84B)

24% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 46

7.79% more ownership

Funds ownership: 511.84%519.63% (+7.8%)

4% more funds holding

Funds holding: 245255 (+10)

1% less call options, than puts

Call options by funds: $879M | Put options by funds: $887M

17% less funds holding in top 10

Funds holding in top 10: 2319 (-4)

23% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 90

Holders
255
Holders Change
+10
Holders Change %
+4.08%
% of All Funds
4.05%
Holding in Top 10
19
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-17.39%
% of All Funds
0.3%
New
57
Increased
69
Reduced
90
Closed
46
Calls
$879M
Puts
$887M
Net Calls
-$8.49M
Net Calls Change
-$60.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$619M +$76.7M +8,920,045 +14%
SHIM
2
Spruce House Investment Management
New York
$420M
Vanguard Group
3
Vanguard Group
Pennsylvania
$393M +$2.7M +314,100 +0.7%
BlackRock
4
BlackRock
New York
$293M +$168M +19,556,900 +128%
CIP
5
CAS Investment Partners
Connecticut
$287M
GCP
6
Greenoaks Capital Partners
California
$254M -$57.2M -6,650,460 -18%
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$218M +$221M +25,718,770 +13,728%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$197M +$1.06M +122,800 +0.5%
LIM
9
Lingotto Investment Management
United Kingdom
$194M -$24.1M -2,796,065 -11%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$118M -$47.1M -5,480,450 -28%
TCMNY
11
Thrive Capital Management (New York)
New York
$95.2M -$29.3M -3,403,050 -23%
FP
12
FPR Partners
California
$94.8M
Two Sigma Advisers
13
Two Sigma Advisers
New York
$93.9M +$2.4M +278,500 +3%
State Street
14
State Street
Massachusetts
$91.8M -$10M -1,166,540 -10%
Two Sigma Investments
15
Two Sigma Investments
New York
$90.2M -$3.62M -421,220 -4%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$81.4M +$1.7M +197,070 +2%
KGAMU
17
KPS Global Asset Management (UK)
United Kingdom
$65.1M -$991K -115,230 -1%
GIG
18
Goodnow Investment Group
Connecticut
$60.5M -$1.51M -175,350 -2%
Renaissance Technologies
19
Renaissance Technologies
New York
$57.7M +$59.2M +6,876,500 New
First Trust Advisors
20
First Trust Advisors
Illinois
$53.2M +$54.5M +6,335,255 New
GEH
21
General Equity Holdings
New York
$44.6M
Northern Trust
22
Northern Trust
Illinois
$37.3M -$279K -32,385 -0.7%
Goldman Sachs
23
Goldman Sachs
New York
$36.7M +$21.6M +2,511,685 +135%
Charles Schwab
24
Charles Schwab
California
$32.7M +$12.1M +1,404,255 +56%
SCM
25
Steadview Capital Management
United Kingdom
$31.8M -$11.6M -1,350,310 -26%

CVNA Hedge Fund Activity: Q3 2023 in Review

255 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2023, worth a combined $4.65B — up 65% from $2.82B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new CVNA positions and 46 closed out — a net gain of 11 holders — while 69 added to existing stakes and 90 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $221M. The largest seller was Millennium Management, cutting an estimated $112M.

  • 255 institutional investors held Carvana (CVNA) as of Q3 2023, up from 245 in Q2 2023.
  • Funds reported $4.65B of Carvana stock for Q3 2023, up 65% quarter-over-quarter.
  • 57 funds opened new Carvana positions in Q3 2023 and 46 closed out, a net change of +11 holders.
  • The largest Carvana buyer in Q3 2023 was T. Rowe Price Associates, an estimated $221M added.
  • The largest Carvana seller in Q3 2023 was Millennium Management, an estimated $112M sold.

Based on aggregated 13F filings for Q3 2023.