CarMax
509 hedge funds and large institutions have $11.6B invested in CarMax in 2018 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 169 increasing their positions, 195 reducing their positions, and 65 closing their positions.
55% more call options, than puts
Call options by funds: $105M | Put options by funds: $67.8M
19% more funds holding in top 10
Funds holding in top 10: 16 → 19 (+3)
2.29% more ownership
Funds ownership: 101.29% → 103.58% (+2.3%)
1% less capital invested
Capital invested by funds: $11.7B → $11.6B (-$143M)
2% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 65
1% less funds holding
Funds holding: 516 → 509 (-7)
13% less repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 195
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$348M |
| 2 |
SA
SQ Advisors
Naples,
Florida
|
+$323M |
| 3 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
+$78.1M |
| 4 |
CCM
Check Capital Management
Costa Mesa,
California
|
+$52.8M |
| 5 |
EIP
Epoch Investment Partners
New York
|
+$39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$106M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$103M |
| 3 |
Renaissance Technologies
New York
|
-$86.6M |
| 4 |
D.E. Shaw & Co
New York
|
-$75.6M |
| 5 |
IC
Immersion Capital
London,
United Kingdom
|
-$69.7M |
KMX Hedge Fund Activity: Q1 2018 in Review
509 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2018, worth a combined $11.6B — down 1.2% from $11.7B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of KMX and 64 opened new positions — a net loss of 1 holder — while 195 trimmed existing stakes and 169 added.
The largest buyer was Ruane, Cunniff & Goldfarb, adding an estimated $348M. The largest seller was Baillie Gifford & Co, cutting an estimated $106M.
- 509 institutional investors held CarMax (KMX) as of Q1 2018, down from 516 in Q4 2017.
- Funds reported $11.6B of CarMax stock for Q1 2018, down 1.2% quarter-over-quarter.
- 64 funds opened new CarMax positions in Q1 2018 and 65 closed out, a net change of -1 holder.
- The largest CarMax buyer in Q1 2018 was Ruane, Cunniff & Goldfarb, an estimated $348M added.
- The largest CarMax seller in Q1 2018 was Baillie Gifford & Co, an estimated $106M sold.
Based on aggregated 13F filings for Q1 2018.