Carvana
CVNA
337 hedge funds and large institutions have $10.2B invested in Carvana in 2024 Q1 according to their latest regulatory filings, with 80 funds opening new positions, 98 increasing their positions, 114 reducing their positions, and 33 closing their positions.
142% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 33
62% more capital invested
Capital invested by funds: $6.31B → $10.2B (+$3.91B)
21% more funds holding in top 10
Funds holding in top 10: 19 → 23 (+4)
15% more funds holding
Funds holding: 292 → 337 (+45)
14% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 114
18% less call options, than puts
Call options by funds: $1.5B | Put options by funds: $1.82B
22.04% less ownership
Funds ownership: 522.54% → 500.5% (-22%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$129M |
| 2 |
D.E. Shaw & Co
New York
|
+$48.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$34.2M |
| 4 |
Man Group
London,
United Kingdom
|
+$32M |
| 5 |
MCM
Moore Capital Management
New York
|
+$29.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
-$274M |
| 2 |
Morgan Stanley
New York
|
-$137M |
| 3 |
Renaissance Technologies
New York
|
-$64.8M |
| 4 |
LIM
Lingotto Investment Management
London,
United Kingdom
|
-$55M |
| 5 |
FP
FPR Partners
San Francisco,
California
|
-$53M |
CVNA Hedge Fund Activity: Q1 2024 in Review
337 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q1 2024, worth a combined $10.2B — up 62% from $6.31B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new CVNA positions and 33 closed out — a net gain of 47 holders — while 98 added to existing stakes and 114 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $129M. The largest seller was Spruce House Investment Management, cutting an estimated $274M.
- 337 institutional investors held Carvana (CVNA) as of Q1 2024, up from 292 in Q4 2023.
- Funds reported $10.2B of Carvana stock for Q1 2024, up 62% quarter-over-quarter.
- 80 funds opened new Carvana positions in Q1 2024 and 33 closed out, a net change of +47 holders.
- The largest Carvana buyer in Q1 2024 was T. Rowe Price Associates, an estimated $129M added.
- The largest Carvana seller in Q1 2024 was Spruce House Investment Management, an estimated $274M sold.
Based on aggregated 13F filings for Q1 2024.