CarMax
KMX
373 hedge funds and large institutions have $11.5B invested in CarMax in 2014 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 125 increasing their positions, 141 reducing their positions, and 44 closing their positions.
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
12% more capital invested
Capital invested by funds: $10.3B → $11.5B (+$1.22B)
2.53% more ownership
Funds ownership: 98.28% → 100.81% (+2.5%)
5% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 44
1% less funds holding
Funds holding: 378 → 373 (-5)
11% less repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 141
34% less call options, than puts
Call options by funds: $41.8M | Put options by funds: $63.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$108M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$92.9M |
| 3 |
Harris Associates
Chicago,
Illinois
|
+$81.6M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$79.8M |
| 5 |
CC
Cannell & Co
New York
|
+$73.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$144M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
-$108M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$65.2M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$43.1M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$39.7M |
KMX Hedge Fund Activity: Q2 2014 in Review
373 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2014, worth a combined $11.5B — up 12% from $10.3B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of KMX and 42 opened new positions — a net loss of 2 holders — while 141 trimmed existing stakes and 125 added.
The largest buyer was Davis Selected Advisers, adding an estimated $108M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $144M sold.
- 373 institutional investors held CarMax (KMX) as of Q2 2014, down from 378 in Q1 2014.
- Funds reported $11.5B of CarMax stock for Q2 2014, up 12% quarter-over-quarter.
- 42 funds opened new CarMax positions in Q2 2014 and 44 closed out, a net change of -2 holders.
- The largest CarMax buyer in Q2 2014 was Davis Selected Advisers, an estimated $108M added.
- The largest CarMax seller in Q2 2014 was Waddell & Reed Financial, an estimated $144M sold.
Based on aggregated 13F filings for Q2 2014.