CarMax
KMX
417 hedge funds and large institutions have $11.2B invested in CarMax in 2016 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 154 increasing their positions, 166 reducing their positions, and 43 closing their positions.
7.64% more ownership
Funds ownership: 106.85% → 114.49% (+7.6%)
5% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 43
7% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 166
1% less funds holding
Funds holding: 423 → 417 (-6)
9% less capital invested
Capital invested by funds: $12.4B → $11.2B (-$1.16B)
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
54% less call options, than puts
Call options by funds: $91.1M | Put options by funds: $196M
Top Buyers
| 1 |
Primecap Management
Pasadena,
California
|
+$258M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$130M |
| 3 |
Royal London Asset Management
United Kingdom
|
+$115M |
| 4 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$99.2M |
| 5 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
+$81.4M |
Top Sellers
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$150M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$52.1M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$41.1M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$34M |
| 5 |
BAMCO Inc
New York
|
-$33.8M |
KMX Hedge Fund Activity: Q1 2016 in Review
417 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2016, worth a combined $11.2B — down 9.4% from $12.4B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of KMX and 41 opened new positions — a net loss of 2 holders — while 166 trimmed existing stakes and 154 added.
The largest buyer was Primecap Management, adding an estimated $258M. The largest seller was T. Rowe Price Associates, cutting an estimated $150M.
- 417 institutional investors held CarMax (KMX) as of Q1 2016, down from 423 in Q4 2015.
- Funds reported $11.2B of CarMax stock for Q1 2016, down 9.4% quarter-over-quarter.
- 41 funds opened new CarMax positions in Q1 2016 and 43 closed out, a net change of -2 holders.
- The largest CarMax buyer in Q1 2016 was Primecap Management, an estimated $258M added.
- The largest CarMax seller in Q1 2016 was T. Rowe Price Associates, an estimated $150M sold.
Based on aggregated 13F filings for Q1 2016.