Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Carvana Co (CVNA)

797 + Investors. Track Smart Money conviction in CVNA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +28
Streak
1Q ▲
Buyers last Q
83%

Smart Money Signals — CVNA

Based on 816 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CVNA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
816 hedge funds hold CVNA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+70 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 83% buying

792 buying163 selling
Last quarter: 792 funds were net buyers (147 opened a brand new position + 645 added to an existing one). Only 163 were sellers (44 trimmed + 119 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+33 vs last Q)

new funds entering per quarter
Funds opening a new CVNA position: 131 → 207 → 114 → 147. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 29% medium ■ 27% new
362 out of 816 hedge funds have held CVNA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +382%, value +1%

Value
+1%
Shares
+381%
Last quarter: funds added +382% more shares while total portfolio value only changed +1%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

204 → 131 → 207 → 114 → 147 new funds/Q
New funds entering each quarter: 131 → 207 → 114 → 147. CVNA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 52% veterans vs 32% newcomers

■ 52% veterans ■ 16% 1-2yr ■ 32% new
Entry-cohort mix of 886 holders: 464 (52%) are 2+ year veterans, 139 entered 1–2 years ago, and 283 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
69 of 797 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in CVNA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CVNA

In 2026 Q2, 792 hedge funds were net buyers of CVNA (147 opened a new position, 645 added to an existing one), while 163 reduced or exited (44 trimmed, 119 sold completely) — a 83% buyer ratio, indicating clear institutional accumulation. 53% of total institutional value in CVNA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +28 funds (more new holders than closures). Total institutional holders: 816.

Hedge Fund Ownership: CVNA

How many hedge funds hold CVNA — quarterly history vs. share price
Quarterly hedge fund ownership of CVNA vs. share price

Market Analysis: CVNA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CVNA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Carvana Co (CVNA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CVNA has moved relative to its sector benchmark (XLY) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 51d ago
CVNA
-1.1%
XLY
+1.0%

CVNA outperformed XLY by -2.1% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 6d ago
CVNA
-13.9%
XLY
+0.2%

Since the filing became public, CVNA outperformed XLY by -14.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Growing Institutional Interest

Quality funds are building positions — conviction is rising but not yet widespread.

29 top-rated funds 20 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
6.0
/ 10
conviction
Hedge Fund Positioning: CVNA
797 + Investors

Track Smart Money conviction in CVNA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 797 788 1.14%
13F Shares 870M 181M 381.67%
Total Value $50.70B $50.06B 1.28%
New Positions 147 114 +33
Increased Positions 642 297 +345
Closed Positions 119 188 -69
Reduced Positions 19 290 -271
Total Calls 42 41 2.44%
Total Puts 47 49 -4.08%
PUT/CALL Ratio 1.12 1.2 Neutral

Statistics: CVNA

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Financial Highlights

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Institutional Holders (2026 Q2)

797 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CVNA. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CVNA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 KPS Global Asset Management UK Ltd 79.62% 7,500,000 $493.6M
2 CAS Investment Partners, LLC 78.85% 22,559,570 $1.48B
3 Greenoaks LLC 59.61% 21,344,170 $1.40B
4 General Equity Holdings LP 42.64% 1,085,165 $71.4M
5 Selkirk Management LLC 36.94% 1,801,100 $118.5M
6 Anabranch Capital Management, LP 35.10% 698,029 $45.9M
7 RV Capital AG 30.31% 1,763,296 $116.1M
8 Massachusetts Institute of Technology 25.98% 2,891,500 $190.3M
9 Goodnow Investment Group, LLC 23.24% 3,403,185 $224.0M
10 Spruce House Investment Management LLC 22.61% 11,675,000 $768.4M
11 Dream Peak Capital Ltd 19.48% 2,998,748 $197.4M
12 North Peak Capital Management, LLC 16.87% 2,306,869 $151.8M
13 Steadview Capital Management LLC 14.96% 755,616 $49.7M
14 3G Capital Partners LP 13.67% 775,000 $51.0M
15 Lingotto Investment Management LLP 13.10% 9,283,819 $611.1M
16 Octahedron Capital Management L.P. 10.51% 312,000 $20.5M
17 Selkirk Management LLC 10.25% 500,000 $32.9M
18 Axxion S.A. 9.02% 1,925,000 $126.7M
19 Gavilan Investment Partners LLC 7.93% 495,000 $32.6M
20 Flight Deck Capital, LP 6.70% 209,780 $13.8M
21 Styrax Capital, LP 6.51% 1,500,000 $98.7M
22 Divisadero Street Capital Management, LP 6.21% 4,163,614 $274.0M
23 Sachem Head Capital Management LP 6.11% 4,475,000 $294.5M
24 No Street GP LP 4.75% 1,201,343 $79.1M
25 Morgens Waterfall Vintiadis & Co Inc 4.52% 90,000 $5.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Carvana Co (CVNA)

What does the Smart Money Trend signal show for CVNA?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CVNA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CVNA?

More buyers than sellers — 83% buying: Last quarter: 792 funds were net buyers (147 opened a brand new position + 645 added to an existing one). Only 163 were sellers (44 trimmed + 119 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CVNA holders?

Elite ownership — 53% AUM from top-100 funds: 69 of 797 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in CVNA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CVNA?

44% of holders stayed for 2+ years: 362 out of 816 hedge funds have held CVNA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Carvana Co (CVNA) following the 2026 Q2 hedge fund 13F filings?

As of today, CVNA has moved -13.9% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.2% for the XLY sector ETF — an outperformance of -14.1%. Since the quarter end (June 30, 2026), CVNA has gained -1.1% vs +1.0% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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