MIT Trims Stake in Carvana, Still Its 2nd Largest Holding

The university's investment fund reduced its position in the online used car retailer by 8.7% in Q3 2025.

Published on Mar. 10, 2026

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According to a recent 13F filing with the SEC, the Massachusetts Institute of Technology's investment fund trimmed its position in Carvana Co. (NYSE:CVNA) by 8.7% during the third quarter of 2025. However, Carvana remains MIT's second-largest holding, accounting for 23.7% of the fund's portfolio.

Why it matters

Carvana's performance is closely watched as it is a major player in the growing online used car sales market. MIT's sizable investment in the company suggests the university sees long-term potential, despite the recent reduction in its stake.

The details

MIT's investment fund sold 55,000 shares of Carvana during the third quarter, leaving it with 577,924 shares. The fund's total position in Carvana was worth $218,016,000 at the end of the quarter.

  • MIT filed its 13F report for the third quarter of 2025 on March 10, 2026.

The players

Massachusetts Institute of Technology

A prestigious private research university located in Cambridge, Massachusetts, with a large endowment that invests in a variety of public companies.

Carvana Co.

An online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars.

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The takeaway

MIT's continued sizable investment in Carvana suggests the university sees long-term growth potential in the online used car sales market, despite trimming its stake slightly in the most recent quarter.