Still, the sheer magnitude of Carvana’s rout stands out, threatening to put a sizable dent in their portfolio valuations. Collectively, these actively managed funds still own more than a quarter of the company’s shares, according to Bloomberg data.Ĭarvana’s tumbling fortunes represent just one among many growth investments that have gone awry for hedge funds this year, providing investors a rare glimpse into how the closely held firms have fared during the intense market selloff. The online used-car dealer, which has seen its shares fall 97% in the last 12 months, was considered a hedge-fund darling, and for good reason. (Bloomberg) - The spectacular plunge of Carvana Co (NYSE: CVNA).’s stock price is bringing pain to many investors, but one elite group on Wall Street is feeling it acutely - hedge funds. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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June 2023
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