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CarMax
KMX

662 hedge funds and large institutions have $15.2B invested in CarMax in 2020 Q4 according to their latest regulatory filings, with 107 funds opening new positions, 238 increasing their positions, 205 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 107 | Existing positions closed: 67

16% more repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 205

6% more funds holding

Funds holding: 626 → 662 (+36)

2% more capital invested

Capital invested by funds: $14.9B → $15.2B (+$296M)

0.15% less ownership

Funds ownership: 98.48% → 98.33% (-0.15%)

7% less funds holding in top 10

Funds holding in top 10: 30 → 28 (-2)

12% less call options, than puts

Call options by funds: $130M | Put options by funds: $149M

Holders
662
Holders Change
+36
Holders Change %
+5.75%
% of All Funds
11.71%
Holding in Top 10
28
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-6.67%
% of All Funds
0.5%
New
107
Increased
238
Reduced
205
Closed
67
Calls
$130M
Puts
$149M
Net Calls
-$18.1M
Net Calls Change
+$5.99M

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$120M
2
TP
Third Point
New York
+$120M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$102M
4
Viking Global Investors
Viking Global Investors
Connecticut
+$74.5M
5
AL
Appaloosa LP
New Jersey
+$70.3M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$261M
2
PCM
Palestra Capital Management
New York
-$184M
3
Wells Fargo
Wells Fargo
California
-$64.6M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$64.5M
5
JP Morgan Chase
JP Morgan Chase
New York
-$58.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
251
Centerstone Investors
New York
$2.08M – – –
MLICM
252
Metropolitan Life Insurance Company (MetLife)
New York
$2.07M -$49.1K -524 -2%
GC
253
Guggenheim Capital
Illinois
$2.02M -$67K -715 -3%
Public Employees Retirement Association of Colorado
254
Public Employees Retirement Association of Colorado
Colorado
$2.02M – – –
HHAA
255
Henry H. Armstrong Associates
Pennsylvania
$1.95M – – –
MOACM
256
Mutual of America Capital Management
New York
$1.94M -$63.2K -674 -3%
COPPSERS
257
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.94M +$506K +5,393 +36%
PRS
258
Pinkerton Retirement Specialists
Idaho
$1.93M +$47.8K +510 +3%
HCA
259
Hyperion Capital Advisors
New York
$1.85M +$104K +1,113 +6%
AIM
260
Allen Investment Management
New York
$1.84M – – –
Cambridge Investment Research Advisors
261
Cambridge Investment Research Advisors
Iowa
$1.8M -$22.3K -238 -1%
ACM
262
Atika Capital Management
New York
$1.79M +$1.78M +19,000 New
Ensign Peak Advisors
263
Ensign Peak Advisors
Utah
$1.79M -$2.95M -31,479 -62%
HIMCH
264
Hartford Investment Management Co (HIMCO)
Connecticut
$1.78M +$159K +1,694 +10%
PP
265
Patten & Patten
Tennessee
$1.77M -$85.3K -910 -5%
CIBC World Market
266
CIBC World Market
Ontario, Canada
$1.76M -$5.16K -55 -0.3%
OPCM
267
Osborne Partners Capital Management
California
$1.75M +$1.46M +15,600 +543%
CIBC Private Wealth Group
268
CIBC Private Wealth Group
Georgia
$1.73M +$1.72M +18,308 New
BCM
269
Bayesian Capital Management
New York
$1.71M +$1.7M +18,100 New
Mirae Asset Global Investments
270
Mirae Asset Global Investments
South Korea
$1.68M +$229K +2,446 +16%
AI
271
Atria Investments
North Carolina
$1.67M +$154K +1,642 +10%
AQR Capital Management
272
AQR Capital Management
Connecticut
$1.66M +$1.08M +11,553 +186%
NAM
273
Nissay Asset Management
Japan
$1.64M +$12K +128 +0.7%
UIM
274
USS Investment Management
United Kingdom
$1.61M – – –
EVM
275
Eaton Vance Management
Massachusetts
$1.6M +$383K +4,082 +32%
9 10
11
12 13

KMX Hedge Fund Activity: Q4 2020 in Review

662 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2020, worth a combined $15.2B — up 2% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 107 funds opened new KMX positions and 67 closed out — a net gain of 40 holders — while 238 added to existing stakes and 205 trimmed.

The largest buyer was Invesco, adding an estimated $120M. The largest seller was T. Rowe Price Associates, cutting an estimated $261M.

  • 662 institutional investors held CarMax (KMX) as of Q4 2020, up from 626 in Q3 2020.
  • Funds reported $15.2B of CarMax stock for Q4 2020, up 2% quarter-over-quarter.
  • 107 funds opened new CarMax positions in Q4 2020 and 67 closed out, a net change of +40 holders.
  • The largest CarMax buyer in Q4 2020 was Invesco, an estimated $120M added.
  • The largest CarMax seller in Q4 2020 was T. Rowe Price Associates, an estimated $261M sold.

Based on aggregated 13F filings for Q4 2020.