Mister Car Wash

MCW • NYSE

Mister Car Wash is a personal products & services company in the consumer cyclical sector on NYSE, led by John Lai, with a market cap of $1.8B. As of Q3 2025, 102% of shares are held by 212 institutional investors, with LEONARD GREEN PARTNERS LP as the largest holder at 66.98%.

President, Chief Executive Officer and DirectorJohn Lai

Market Cap$1.8B

Personal Products & Services

Consumer Cyclical

Employees6.6K

Websitemistercarwash.com

Country

United States of America

Overview

Overview of institutional ownership in MCW as of Q3 2025 with a market cap of $1.7B

All Institutions

Institutions: 212
Value Held: $1.8B
Shares Held: 334.2M
Avg Position: $8.4M
Median Position: $157.0K

Hedge Funds

Hedge Funds: 37
Value Held: $146.0M
Shares Held: 27.4M
Avg Position: $3.9M
Median Position: $737.7K

Ownership Breakdown

Institutional (non-HF)

93.75%

$1.6B

Hedge Funds

8.37%

$146.0M

Retail & Other

Based on market cap of $1.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in MCW as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
LEONARD GREEN PARTNERS LP Private Equity	John Glenn Danhakl Managing Partner	$1.2B 44.48% of portfolio	66.98% 219.2M shares	Q2 2021 Held for 4y 5m	$2.6B
G Greenhouse Funds LLLP Hedge Fund•Long/Short	Joseph Michael Milano CIO	$89.9M 3.49% of portfolio	5.15% 16.9M shares	Q1 2022 Held for 3y 8m	$2.6B
B BlackRock, Inc. Institution	-	$75.9M 0.00% of portfolio	4.35% 14.2M shares	Q2 2021 Held for 4y 5m	$5.67T
B BROWN ADVISORY INC RIA/Wealth	David Alan Miller Founder	$69.4M 0.09% of portfolio	3.98% 13.0M shares	Q3 2022 Held for 3y 2m	$74.0B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$56.3M 0.00% of portfolio	3.23% 10.6M shares	Q2 2021 Held for 4y 5m	$6.69T
F FIL Ltd Institution	-	$43.7M 0.03% of portfolio	2.51% 8.2M shares	Q2 2021 Held for 4y 5m	$127.75B
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$35.1M 0.03% of portfolio	2.01% 6.6M shares	Q3 2023 Held for 2y 2m	$120.17B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$32.2M 0.01% of portfolio	1.85% 6.0M shares	Q3 2023 Held for 2y 2m	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$18.9M 0.00% of portfolio	1.08% 3.5M shares	Q3 2021 Held for 4y 2m	$2.88T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$14.1M 0.01% of portfolio	0.81% 2.6M shares	Q2 2022 Held for 3y 5m	$121.98B

Net Capital Flow

Institutional buying and selling activity for MCW in Q3 2025

Traded: +$8.9M
Buyers: 115
Sellers: 102
Total Bought: +$59.5M
Total Sold: −$50.5M
Avg Position: $7.2M

Biggest Buyers

Institution	Net Bought	Current Position
G Greenhouse Funds LLLP Hedge Fund•Long/Short	+$7.7M +1.4M shares	$89.9M 16.9M shares
BANK OF AMERICA CORP /DE/ Institution	+$7.3M +1.4M shares	$9.7M 1.8M shares
Western Standard, LLC Hedge Fund•Long/Short	+$4.1M +777.5K shares	$4.1M 777.5K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$3.8M +716.8K shares	$32.2M 6.0M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.1M +579.2K shares	$14.1M 2.6M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$2.3M +427.7K shares	$35.1M 6.6M shares
C CastleKnight Management LP Hedge Fund•Event Driven	+$2.0M +373.1K shares	$2.0M 373.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$1.6M +303.2K shares	$1.6M 303.2K shares
N NOMURA HOLDINGS INC Institution	+$1.5M +290.2K shares	$1.5M 290.2K shares
GOLDMAN SACHS GROUP INC Institution	+$1.5M +279.4K shares	$6.7M 1.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
R ROYAL BANK OF CANADA Institution	−$6.8M −1.3M shares	$998.7K 187.4K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$6.3M −1.1M shares	Sold Off 0 shares
Nicholas Investment Partners, LP Long Only Manager	−$4.2M −796.6K shares	$1.1M 213.3K shares
MORGAN STANLEY RIA/Wealth	−$3.4M −643.2K shares	$5.7M 1.1M shares
F FIL Ltd Institution	−$3.4M −632.2K shares	$43.7M 8.2M shares
FIRST TRUST ADVISORS LP ETF Provider	−$3.3M −543.7K shares	Sold Off 0 shares
Trexquant Investment LP Hedge Fund•Quant	−$3.1M −578.1K shares	$737.7K 138.4K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	−$1.3M −217.2K shares	Sold Off 0 shares
ARP AMERICAS LLC Hedge Fund•Multi-Strategy	−$1.2M −194.0K shares	Sold Off 0 shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	−$1.0M −166.7K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited MCW in Q3 2025

New Positions: 16
New Value: $9.0M
Exited Positions: 33
Exited Value: $21.9M

New Positions

Institution	Position Value
Western Standard, LLC Hedge Fund•Long/Short	$4.1M 777.5K shares
C CastleKnight Management LP Hedge Fund•Event Driven	$2.0M 373.1K shares
N NOMURA HOLDINGS INC Institution	$1.5M 290.2K shares
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$559.7K 105.0K shares
P Point72 Asia Pte. Ltd. Institution	$214.6K 40.3K shares
D DRW Securities, LLC Institution	$165.3K 30.7K shares
Point72 Ltd RIA/Wealth	$122.1K 22.9K shares
O OMERS ADMINISTRATION Corp Institution	$111.4K 20.9K shares
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	$90.9K 17.1K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$67.7K 12.7K shares

Exited Positions

Institution	Previous Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$6.3M 1.1M shares
FIRST TRUST ADVISORS LP ETF Provider	$3.3M 543.7K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$1.3M 217.2K shares
ARP AMERICAS LLC Hedge Fund•Multi-Strategy	$1.2M 194.0K shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	$1.0M 166.7K shares
Legato Capital Management LLC Fund of Funds	$975.3K 162.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$821.9K 136.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$811.4K 135.0K shares
Integrated Quantitative Investments LLC Long Only Manager	$761.3K 126.7K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$619.3K 103.0K shares

Options Activity

Institutions with the largest Call and Put options positions in MCW as of Q3 2025

Call Positions: 3
Call Value: $759.9K
Put Positions: 3
Put Value: $601.8K

Call Positions

Institution	Position Value
W WOLVERINE TRADING, LLC Institution	$759.9K 1.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts
E Eisler Capital Management Ltd. Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$388.0K 728.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$213.7K 401.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Most Committed Institutions

Institutions with MCW as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LEONARD GREEN PARTNERS LP Private Equity	John Glenn Danhakl Managing Partner	44.48% $1.2B	66.98% 219.2M shares	Q2 2021 Held for 4y 5m	$2.6B
G Greenhouse Funds LLLP Hedge Fund•Long/Short	Joseph Michael Milano CIO	3.49% $89.9M	5.15% 16.9M shares	Q1 2022 Held for 3y 8m	$2.6B
Avory & Company, LLC RIA/Wealth	Sean Nmn Emory Managing Partner	2.65% $4.4M	0.25% 824.8K shares	Q2 2023 Held for 2y 5m	$166.0M
A Aryeh Capital Management Ltd. Institution	-	2.64% $3.2M	0.18% 592.6K shares	Q2 2025 Held for 5 months	$119.5M
Western Standard, LLC Hedge Fund•Long/Short	Eric David Andersen Managing Partner	2.22% $4.1M	0.24% 777.5K shares	Q3 2025 Held for 2 months	$187.0M
S Summit Creek Advisors LLC Long Only Manager	Adam Nathan Benson Managing Partner	0.41% $2.8M	0.16% 531.7K shares	Q3 2021 Held for 4y 2m	$686.1M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.14% $242.1K	0.01% 45.4K shares	Q4 2024 Held for 11 months	$176.9M
D Dynamic Technology Lab Private Ltd Institution	-	0.13% $733.3K	0.04% 137.6K shares	Q1 2023 Held for 2y 8m	$576.8M
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	John Peter Hussman President	0.12% $559.7K	0.03% 105.0K shares	Q3 2025 Held for 2 months	$458.6M
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.12% $1.3M	0.08% 252.9K shares	Q2 2023 Held for 2y 5m	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in MCW

AXQ CAPITAL, LP

Hedge Fund • Market Neutral

Portfolio ManagerTaro Hsu Kuriyama

Portfolio Value: $261.9M
Positions: 552
Last Reported: Q3 2025

Sector Allocation

Position in Mister Car Wash

Market Value: $90.9K
Shares Held: 17.1K
Portfolio Weight: 0.03%
Owned Since: 2025-Q3

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3 Vistra VST	Independent Power Producers Utilities	$1.9M	0.71%