CarMax
626 hedge funds and large institutions have $14.9B invested in CarMax in 2020 Q3 according to their latest regulatory filings, with 86 funds opening new positions, 187 increasing their positions, 232 reducing their positions, and 47 closing their positions.
83% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 47
6% more funds holding
Funds holding: 593 → 626 (+33)
0% less capital invested
Capital invested by funds: $14.9B → $14.9B (-$31.1M)
3.69% less ownership
Funds ownership: 102.17% → 98.48% (-3.7%)
14% less funds holding in top 10
Funds holding in top 10: 35 → 30 (-5)
16% less call options, than puts
Call options by funds: $126M | Put options by funds: $150M
19% less repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 232
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
+$197M |
| 2 |
JP Morgan Chase
New York
|
+$71M |
| 3 |
BGI
BlueDrive Global Investors
London,
United Kingdom
|
+$52.3M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$50.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$43.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$299M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$102M |
| 3 |
Primecap Management
Pasadena,
California
|
-$67.8M |
| 4 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
-$67.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$58.9M |
KMX Hedge Fund Activity: Q3 2020 in Review
626 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2020, worth a combined $14.9B — down 0.21% from $14.9B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new KMX positions and 47 closed out — a net gain of 39 holders — while 187 added to existing stakes and 232 trimmed.
The largest buyer was Palestra Capital Management, opening a new position worth an estimated $197M. The largest seller was T. Rowe Price Associates, cutting an estimated $299M.
- 626 institutional investors held CarMax (KMX) as of Q3 2020, up from 593 in Q2 2020.
- Funds reported $14.9B of CarMax stock for Q3 2020, down 0.21% quarter-over-quarter.
- 86 funds opened new CarMax positions in Q3 2020 and 47 closed out, a net change of +39 holders.
- The largest CarMax buyer in Q3 2020 was Palestra Capital Management, an estimated $197M added.
- The largest CarMax seller in Q3 2020 was T. Rowe Price Associates, an estimated $299M sold.
Based on aggregated 13F filings for Q3 2020.