Carvana
CVNA
411 hedge funds and large institutions have $15B invested in Carvana in 2024 Q2 according to their latest regulatory filings, with 111 funds opening new positions, 133 increasing their positions, 124 reducing their positions, and 32 closing their positions.
247% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 32
48% more funds holding in top 10
Funds holding in top 10: 23 → 34 (+11)
47% more capital invested
Capital invested by funds: $10.2B → $15B (+$4.79B)
22% more funds holding
Funds holding: 337 → 411 (+74)
13% more call options, than puts
Call options by funds: $2.24B | Put options by funds: $1.98B
7% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 124
2.01% less ownership
Funds ownership: 500.5% → 498.49% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$462M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$270M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$90.9M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$84.5M |
| 5 |
Jane Street
New York
|
+$76.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$860M |
| 2 |
BlackRock
New York
|
-$308M |
| 3 |
D.E. Shaw & Co
New York
|
-$83.4M |
| 4 |
State Street
Boston,
Massachusetts
|
-$62M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$59M |
CVNA Hedge Fund Activity: Q2 2024 in Review
411 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q2 2024, worth a combined $15B — up 47% from $10.2B a quarter earlier.
Buyers outnumbered sellers: 111 funds opened new CVNA positions and 32 closed out — a net gain of 79 holders — while 133 added to existing stakes and 124 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $462M. The largest seller was Morgan Stanley, cutting an estimated $860M.
- 411 institutional investors held Carvana (CVNA) as of Q2 2024, up from 337 in Q1 2024.
- Funds reported $15B of Carvana stock for Q2 2024, up 47% quarter-over-quarter.
- 111 funds opened new Carvana positions in Q2 2024 and 32 closed out, a net change of +79 holders.
- The largest Carvana buyer in Q2 2024 was T. Rowe Price Associates, an estimated $462M added.
- The largest Carvana seller in Q2 2024 was Morgan Stanley, an estimated $860M sold.
Based on aggregated 13F filings for Q2 2024.