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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
CT
276
Clearstead Trust
Maine
$1.59M +$941K +10,035 +132%
KCM
277
Kanawha Capital Management
Virginia
$1.57M +$52.4K +559 +3%
Walleye Trading
278
Walleye Trading
New York
$1.56M +$1.55M +16,559 New
DekaBank Deutsche Girozentrale
279
DekaBank Deutsche Girozentrale
Germany
$1.56M +$51.8K +552 +3%
CIC
280
Carnegie Investment Counsel
Ohio
$1.54M -$111K -1,180 -7%
SFFS
281
Stonehage Fleming Financial Services
Jersey
$1.52M +$116K +1,234 +8%
GP
282
Greenline Partners
New York
$1.52M -$109K -1,166 -7%
HPCM
283
Hunter Perkins Capital Management
Illinois
$1.51M +$1.5M +16,000 New
GHAM
284
Gilman Hill Asset Management
Connecticut
$1.49M +$175K +1,865 +13%
WG
285
Winton Group
United Kingdom
$1.48M -$4.75M -50,655 -76%
II
286
IFM Investors
Australia
$1.47M +$182K +1,942 +14%
HCCM
287
Hudson Canyon Capital Management
New York
$1.46M +$1.45M +15,458 New
AFA
288
Abacus FCF Advisors
Florida
$1.45M -$138K -1,470 -9%
Rockefeller Capital Management
289
Rockefeller Capital Management
New York
$1.45M +$864K +9,215 +150%
CSPAM
290
Cary Street Partners Asset Management
Virginia
$1.44M +$5.55M +59,203 New
JAM
291
Jupiter Asset Management
United Kingdom
$1.41M +$1.4M +14,969 New
FWM
292
Fairhaven Wealth Management
Illinois
$1.41M +$339K +3,619 +32%
Teacher Retirement System of Texas
293
Teacher Retirement System of Texas
Texas
$1.41M +$522K +5,563 +60%
TPCM
294
Three Peaks Capital Management
Colorado
$1.4M +$1.39M +14,799 New
HWA
295
Heritage Wealth Advisors
Virginia
$1.39M +$220K +2,346 +19%
CIBC Asset Management
296
CIBC Asset Management
Ontario, Canada
$1.38M -$2.25K -24 -0.2%
HIM
297
Hotaling Investment Management
Pennsylvania
$1.37M +$12.3K +131 +0.9%
Bank Julius Baer & Co
298
Bank Julius Baer & Co
Switzerland
$1.35M +$987K +10,525 +276%
SAM
299
Securian Asset Management
Minnesota
$1.35M -$58.5K -624 -4%
PAM
300
Panagora Asset Management
Massachusetts
$1.35M -$7.58M -80,851 -85%
10 11
12
13 14

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.