Lyft
LYFT
386 hedge funds and large institutions have $2.66B invested in Lyft in 2023 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 131 increasing their positions, 123 reducing their positions, and 83 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 123
6% more call options, than puts
Call options by funds: $229M | Put options by funds: $216M
9% less funds holding
Funds holding: 423 → 386 (-37)
9.37% less ownership
Funds ownership: 86% → 76.63% (-9.4%)
20% less capital invested
Capital invested by funds: $3.34B → $2.66B (-$678M)
34% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 83
60% less funds holding in top 10
Funds holding in top 10: 10 → 4 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$72.5M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
+$51.6M |
| 3 |
Two Sigma Advisers
New York
|
+$37.7M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$35.4M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$32.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$115M |
| 2 |
AP
Antipodes Partners
Royal Exchange,
Australia
|
-$55.8M |
| 3 |
Man Group
London,
United Kingdom
|
-$55M |
| 4 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
-$48.4M |
| 5 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$41.8M |
LYFT Hedge Fund Activity: Q1 2023 in Review
386 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Lyft (LYFT) for Q1 2023, worth a combined $2.66B — down 20% from $3.34B a quarter earlier.
Sellers outnumbered buyers: 83 funds closed out of LYFT and 55 opened new positions — a net loss of 28 holders — while 123 trimmed existing stakes and 131 added.
The largest buyer was Dorsal Capital Management, opening a new position worth an estimated $72.5M. The largest seller was Contrarius Investment Management, exiting entirely with an estimated $115M sold.
- 386 institutional investors held Lyft (LYFT) as of Q1 2023, down from 423 in Q4 2022.
- Funds reported $2.66B of Lyft stock for Q1 2023, down 20% quarter-over-quarter.
- 55 funds opened new Lyft positions in Q1 2023 and 83 closed out, a net change of -28 holders.
- The largest Lyft buyer in Q1 2023 was Dorsal Capital Management, an estimated $72.5M added.
- The largest Lyft seller in Q1 2023 was Contrarius Investment Management, an estimated $115M sold.
Based on aggregated 13F filings for Q1 2023.