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Carvana
CVNA

488 hedge funds and large institutions have $20.8B invested in Carvana in 2024 Q3 according to their latest regulatory filings, with 119 funds opening new positions, 172 increasing their positions, 151 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

213% more first-time investments, than exits

New positions opened: 119 | Existing positions closed: 38

39% more capital invested

Capital invested by funds: $15B → $20.8B (+$5.78B)

19% more funds holding

Funds holding: 409 → 488 (+79)

14% more repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 151

9% less funds holding in top 10

Funds holding in top 10: 34 → 31 (-3)

16.75% less ownership

Funds ownership: 498.48% → 481.73% (-17%)

30% less call options, than puts

Call options by funds: $2.28B | Put options by funds: $3.28B

Holders
488
Holders Change
+79
Holders Change %
+19.32%
% of All Funds
7.01%
Holding in Top 10
31
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-8.82%
% of All Funds
0.45%
New
119
Increased
172
Reduced
151
Closed
38
Calls
$2.28B
Puts
$3.28B
Net Calls
-$1B
Net Calls Change
-$1.26B

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$845M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$235M
3
DCP
Durable Capital Partners
Maryland
+$172M
4
WRCM
Whale Rock Capital Management
Massachusetts
+$134M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$122M

Top Sellers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$196M
2
Jane Street
Jane Street
New York
-$178M
3
Goldman Sachs
Goldman Sachs
New York
-$172M
4
Morgan Stanley
Morgan Stanley
New York
-$94.2M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$92.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$2.38B +$235M +8,184,130 +14%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$2.15B +$845M +29,413,280 +91%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.88B +$122M +4,245,640 +9%
CIP
4
CAS Investment Partners
Connecticut
$1.12B -$11.1M -386,500 -1%
GCP
5
Greenoaks Capital Partners
California
$1.02B -$2.37M -82,445 -0.3%
BlackRock
6
BlackRock
New York
$974M +$97M +3,377,600 +14%
Morgan Stanley
7
Morgan Stanley
New York
$960M -$94.2M -3,280,340 -11%
SHIM
8
Spruce House Investment Management
New York
$871M – – –
LIM
9
Lingotto Investment Management
United Kingdom
$684M +$22M +765,940 +4%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$399M -$196M -6,822,770 -37%
TCMNY
11
Thrive Capital Management (New York)
New York
$395M – – –
CCP
12
Camelot Capital Partners
California
$366M -$13.3M -462,055 -4%
DCP
13
Durable Capital Partners
Maryland
$355M +$172M +5,994,275 +143%
Two Sigma Advisers
14
Two Sigma Advisers
New York
$340M -$64.2M -2,234,000 -19%
State Street
15
State Street
Massachusetts
$327M +$15.5M +538,050 +6%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$315M +$18.8M +655,295 +8%
Two Sigma Investments
17
Two Sigma Investments
New York
$264M -$74.7M -2,600,135 -26%
KGAMU
18
KPS Global Asset Management (UK)
United Kingdom
$261M – – –
Qube Research & Technologies (QRT)
19
Qube Research & Technologies (QRT)
United Kingdom
$244M +$71M +2,470,495 +55%
Renaissance Technologies
20
Renaissance Technologies
New York
$174M +$26.9M +937,000 +23%
WRCM
21
Whale Rock Capital Management
Massachusetts
$163M +$134M +4,679,595 New
GIG
22
Goodnow Investment Group
Connecticut
$153M -$32.2M -1,121,350 -20%
RC
23
RV Capital
Switzerland
$133M -$8.31M -289,500 -7%
T. Rowe Price Investment Management
24
T. Rowe Price Investment Management
Maryland
$126M -$822K -28,620 -0.8%
PCM
25
Palestra Capital Management
New York
$122M +$100M +3,494,065 New
1
2 3 4 5

CVNA Hedge Fund Activity: Q3 2024 in Review

488 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q3 2024, worth a combined $20.8B — up 39% from $15B a quarter earlier.

Buyers outnumbered sellers: 119 funds opened new CVNA positions and 38 closed out — a net gain of 81 holders — while 172 added to existing stakes and 151 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $845M. The largest seller was D.E. Shaw & Co, cutting an estimated $196M.

  • 488 institutional investors held Carvana (CVNA) as of Q3 2024, up from 409 in Q2 2024.
  • Funds reported $20.8B of Carvana stock for Q3 2024, up 39% quarter-over-quarter.
  • 119 funds opened new Carvana positions in Q3 2024 and 38 closed out, a net change of +81 holders.
  • The largest Carvana buyer in Q3 2024 was Fidelity Investments, an estimated $845M added.
  • The largest Carvana seller in Q3 2024 was D.E. Shaw & Co, an estimated $196M sold.

Based on aggregated 13F filings for Q3 2024.