America's Car Mart
CRMT
77 hedge funds and large institutions have $318M invested in America's Car Mart in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 30 increasing their positions, 28 reducing their positions, and 9 closing their positions.
12% more capital invested
Capital invested by funds: $284M → $318M (+$33.8M)
7% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 28
7% less funds holding
Funds holding: 83 → 77 (-6)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bares Capital Management
Austin,
Texas
|
+$26.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$12.3M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$2.71M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.07M |
| 5 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
+$533K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hirzel Capital Management
Dallas,
Texas
|
-$8.8M |
| 2 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$3.2M |
| 3 |
RA
Royce & Associates
New York
|
-$2.42M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$1.7M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CPS
76
Counsel Portfolio Services
Mississauga,
Ontario, Canada
| $1.8K | +$248K | +5,708 | +17% |
|
77
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $290 | -$12K | -277 | -4% |
|
|
HCM
78
Hirzel Capital Management
Dallas,
Texas
| – | -$8.8M | -203,534 | Closed |
|
79
Bessemer Group
Woodbridge,
New Jersey
| – | -$1.22M | -28,210 | Closed |
|
80
Lord, Abbett & Co
Jersey City,
New Jersey
| – | -$618K | -14,300 | Closed |
|
|
OAM
81
Oxford Asset Management
Oxford,
United Kingdom
| – | -$510K | -11,799 | Closed |
|
|
CS
82
Credit Suisse
Zurich,
Switzerland
| – | -$338K | -7,822 | Closed |
|
|
MAM
83
Martingale Asset Management
Boston,
Massachusetts
| – | -$269K | -6,203 | Closed |
|
|
TC
84
TFS Capital
West Chester,
Pennsylvania
| – | -$257K | -5,946 | Closed |
|
|
PAM
85
Panagora Asset Management
Boston,
Massachusetts
| – | -$17K | -386 | Closed |
|
CRMT Hedge Fund Activity: Q3 2013 in Review
77 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in America's Car Mart (CRMT) for Q3 2013, worth a combined $318M — up 12% from $284M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of CRMT and 4 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 30 added.
The largest buyer was Bares Capital Management, opening a new position worth an estimated $26.2M. The largest seller was Hirzel Capital Management, exiting entirely with an estimated $8.8M sold.
- 77 institutional investors held America's Car Mart (CRMT) as of Q3 2013, down from 83 in Q2 2013.
- Funds reported $318M of America's Car Mart stock for Q3 2013, up 12% quarter-over-quarter.
- 4 funds opened new America's Car Mart positions in Q3 2013 and 9 closed out, a net change of -5 holders.
- The largest America's Car Mart buyer in Q3 2013 was Bares Capital Management, an estimated $26.2M added.
- The largest America's Car Mart seller in Q3 2013 was Hirzel Capital Management, an estimated $8.8M sold.
Based on aggregated 13F filings for Q3 2013.