TrueCar
TRUE
TRUE was delisted on the 21st of January, 2026.
114 hedge funds and large institutions have $169M invested in TrueCar in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 42 reducing their positions, and 18 closing their positions.
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
4.19% more ownership
Funds ownership: 78.5% → 82.69% (+4.2%)
2% more funds holding
Funds holding: 112 → 114 (+2)
3% less capital invested
Capital invested by funds: $174M → $169M (-$4.81M)
17% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 42
100% less call options, than puts
Call options by funds: $14K | Put options by funds: $3.19M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$6.19M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.03M |
| 3 |
MRCM
Mill Road Capital Management
Greenwich,
Connecticut
|
+$951K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$812K |
| 5 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$693K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$5.63M |
| 2 |
JGC
J. Goldman & Co
New York
|
-$761K |
| 3 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
-$698K |
| 4 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$608K |
| 5 |
GWM
Greenwich Wealth Management
Greenwich,
Connecticut
|
-$476K |
TRUE Hedge Fund Activity: Q1 2023 in Review
114 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in TrueCar (TRUE) for Q1 2023, worth a combined $169M — down 2.8% from $174M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new TRUE positions and 18 closed out — a net gain of 2 holders — while 35 added to existing stakes and 42 trimmed.
The largest buyer was Cannell Capital, adding an estimated $6.19M. The largest seller was Portolan Capital Management, cutting an estimated $5.63M.
- 114 institutional investors held TrueCar (TRUE) as of Q1 2023, up from 112 in Q4 2022.
- Funds reported $169M of TrueCar stock for Q1 2023, down 2.8% quarter-over-quarter.
- 20 funds opened new TrueCar positions in Q1 2023 and 18 closed out, a net change of +2 holders.
- The largest TrueCar buyer in Q1 2023 was Cannell Capital, an estimated $6.19M added.
- The largest TrueCar seller in Q1 2023 was Portolan Capital Management, an estimated $5.63M sold.
Based on aggregated 13F filings for Q1 2023.