Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Carvana Co (CVNA)

779 + 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
↓ -74
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — CVNA

Based on 788 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CVNA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
788 funds currently hold this stock — 91% of the 3.0-year high of 862 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +28% more funds vs a year ago

fund count last 6Q
+173 new funds entered over the past year (+28% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 47% buying

437 buying494 selling
Last quarter: 494 funds reduced or exited vs 437 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-93 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 204 → 131 → 207 → 114. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 29% medium ■ 28% new
336 out of 788 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 -1%, value -28%

Value
-27%
Shares
-1%
Last quarter: funds added -1% more shares while total portfolio value only changed -28%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~114 new funds/quarter

137 → 204 → 131 → 207 → 114 new funds/Q
New funds entering each quarter: 204 → 131 → 207 → 114. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 53% veterans vs 36% newcomers

■ 53% veterans ■ 11% 1-2yr ■ 36% new
Entry-cohort mix of 861 holders: 455 (53%) are 2+ year veterans, 95 entered 1–2 years ago, and 311 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
72 of 771 holders are among the 100 largest funds by AUM, controlling 52% 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.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 Q1, 437 hedge funds were net buyers of CVNA (114 opened a new position, 323 added to an existing one), while 494 reduced or exited (306 trimmed, 188 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 52% of total institutional value in CVNA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -74 funds (more exits than new entries). Total institutional holders: 788.

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 · 47d ago
CVNA
+14.8%
XLY
+0.8%

CVNA outperformed XLY by +14.0% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
CVNA
+0.0%
XLY
+0.0%

Since the filing became public, CVNA outperformed XLY by +0.0% .

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 ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

54 top-rated funds 20 high-conviction
Consensus
7.6
/ 10
breadth
×
Elite
6.5
/ 10
conviction
Hedge Fund Positioning: CVNA
2026 Q2 Stats Unlock in 3 days 779 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 779 861 -9.52%
13F Shares 180M 183M -1.41%
Total Value $49.94B $69.41B -28.06%
New Positions 111 207 -96
Increased Positions 293 320 -27
Closed Positions 193 121 +72
Reduced Positions 288 257 +31
Total Calls 40 43 -6.98%
Total Puts 48 59 -18.64%
PUT/CALL Ratio 1.2 1.37 Neutral

Statistics: CVNA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

779 + 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:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 CVNA holders by conviction (% of portfolio weight) — 2026 Q1 · 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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CVNA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CVNA?

More sellers than buyers — 47% buying: Last quarter: 494 funds reduced or exited vs 437 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CVNA holders?

Elite ownership — 52% AUM from top-100 funds: 72 of 771 holders are among the 100 largest funds by AUM, controlling 52% 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?

43% of holders stayed for 2+ years: 336 out of 788 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 +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), CVNA has gained +14.8% vs +0.8% 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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