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Carvana
CVNA

585 hedge funds and large institutions have $25.5B invested in Carvana in 2024 Q4 according to their latest regulatory filings, with 158 funds opening new positions, 204 increasing their positions, 176 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

182% more first-time investments, than exits

New positions opened: 158 | Existing positions closed: 56

23% more capital invested

Capital invested by funds: $20.8B → $25.5B (+$4.75B)

20% more funds holding

Funds holding: 488 → 585 (+97)

19% more funds holding in top 10

Funds holding in top 10: 31 → 37 (+6)

16% more repeat investments, than reductions

Existing positions increased: 204 | Existing positions reduced: 176

6.9% more ownership

Funds ownership: 481.73% → 488.63% (+6.9%)

29% less call options, than puts

Call options by funds: $3.09B | Put options by funds: $4.33B

Holders
585
Holders Change
+97
Holders Change %
+19.88%
% of All Funds
7.71%
Holding in Top 10
37
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+19.35%
% of All Funds
0.49%
New
158
Increased
204
Reduced
176
Closed
56
Calls
$3.09B
Puts
$4.33B
Net Calls
-$1.24B
Net Calls Change
-$240M

Top Buyers

1
BlackRock
BlackRock
New York
+$392M
2
SM
SCGE Management
California
+$222M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$137M
4
Viking Global Investors
Viking Global Investors
Connecticut
+$136M
5
CHP
Castle Hook Partners
New York
+$128M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$607M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$127M
3
Two Sigma Investments
Two Sigma Investments
New York
-$83.3M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$82.7M
5
CAM
Contour Asset Management
New York
-$71.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$2.67B -$127M -2,817,100 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$2.32B +$137M +3,051,170 +6%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.96B -$607M -13,500,550 -22%
BlackRock
4
BlackRock
New York
$1.49B +$392M +8,733,820 +31%
CIP
5
CAS Investment Partners
Connecticut
$1.3B -$17M -378,985 -1%
GCP
6
Greenoaks Capital Partners
California
$1.16B -$29.9M -665,170 -2%
Morgan Stanley
7
Morgan Stanley
New York
$1.08B -$50.8M -1,130,590 -4%
SHIM
8
Spruce House Investment Management
New York
$1B -$17.7M -395,000 -2%
LIM
9
Lingotto Investment Management
United Kingdom
$811M +$12.9M +286,075 +1%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$546M +$88.8M +1,976,130 +17%
State Street
11
State Street
Massachusetts
$478M +$106M +2,362,835 +25%
TCMNY
12
Thrive Capital Management (New York)
New York
$461M – – –
DCP
13
Durable Capital Partners
Maryland
$441M +$29M +646,230 +6%
CCP
14
Camelot Capital Partners
California
$423M -$4.64M -103,250 -1%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$382M +$16.9M +376,250 +4%
Two Sigma Advisers
16
Two Sigma Advisers
New York
$341M -$61.3M -1,365,000 -14%
KGAMU
17
KPS Global Asset Management (UK)
United Kingdom
$305M – – –
WRCM
18
Whale Rock Capital Management
Massachusetts
$247M +$62.6M +1,393,800 +30%
Two Sigma Investments
19
Two Sigma Investments
New York
$233M -$83.3M -1,855,265 -24%
Qube Research & Technologies (QRT)
20
Qube Research & Technologies (QRT)
United Kingdom
$210M -$82.7M -1,840,595 -26%
BNP Paribas Financial Markets
21
BNP Paribas Financial Markets
France
$207M +$108M +2,410,010 +90%
SM
22
SCGE Management
California
$201M +$222M +4,945,000 New
Norges Bank
23
Norges Bank
Norway
$179M +$98.1M +2,184,650 +98%
Viking Global Investors
24
Viking Global Investors
Connecticut
$178M +$136M +3,022,475 +225%
Renaissance Technologies
25
Renaissance Technologies
New York
$173M -$33.3M -742,145 -15%
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CVNA Hedge Fund Activity: Q4 2024 in Review

585 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Carvana (CVNA) for Q4 2024, worth a combined $25.5B — up 23% from $20.8B a quarter earlier.

Buyers outnumbered sellers: 158 funds opened new CVNA positions and 56 closed out — a net gain of 102 holders — while 204 added to existing stakes and 176 trimmed.

The largest buyer was BlackRock, adding an estimated $392M. The largest seller was Fidelity Investments, cutting an estimated $607M.

  • 585 institutional investors held Carvana (CVNA) as of Q4 2024, up from 488 in Q3 2024.
  • Funds reported $25.5B of Carvana stock for Q4 2024, up 23% quarter-over-quarter.
  • 158 funds opened new Carvana positions in Q4 2024 and 56 closed out, a net change of +102 holders.
  • The largest Carvana buyer in Q4 2024 was BlackRock, an estimated $392M added.
  • The largest Carvana seller in Q4 2024 was Fidelity Investments, an estimated $607M sold.

Based on aggregated 13F filings for Q4 2024.