CarMax
390 hedge funds and large institutions have $9.94B invested in CarMax in 2013 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 126 increasing their positions, 159 reducing their positions, and 39 closing their positions.
31% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 39
2% more funds holding
Funds holding: 381 → 390 (+9)
5% more call options, than puts
Call options by funds: $51.3M | Put options by funds: $48.9M
0.34% more ownership
Funds ownership: 94.51% → 94.85% (+0.34%)
3% less capital invested
Capital invested by funds: $10.2B → $9.94B (-$278M)
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
21% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 159
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$67M |
| 2 |
SAM
Scopus Asset Management
New York
|
+$42.1M |
| 3 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$27M |
| 4 |
Goldman Sachs
New York
|
+$26.2M |
| 5 |
SP
Sarasin & Partners
London,
United Kingdom
|
+$24.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$33.1M |
| 2 |
SCM
Sigma Capital Management
Stamford,
Connecticut
|
-$25.7M |
| 3 |
CIC
Chilton Investment Company
Stamford,
Connecticut
|
-$25.6M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$22.3M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$19.8M |
KMX Hedge Fund Activity: Q4 2013 in Review
390 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2013, worth a combined $9.94B — down 2.7% from $10.2B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new KMX positions and 39 closed out — a net gain of 12 holders — while 126 added to existing stakes and 159 trimmed.
The largest buyer was Wells Fargo, adding an estimated $67M. The largest seller was SAC Capital Advisors, cutting an estimated $33.1M.
- 390 institutional investors held CarMax (KMX) as of Q4 2013, up from 381 in Q3 2013.
- Funds reported $9.94B of CarMax stock for Q4 2013, down 2.7% quarter-over-quarter.
- 51 funds opened new CarMax positions in Q4 2013 and 39 closed out, a net change of +12 holders.
- The largest CarMax buyer in Q4 2013 was Wells Fargo, an estimated $67M added.
- The largest CarMax seller in Q4 2013 was SAC Capital Advisors, an estimated $33.1M sold.
Based on aggregated 13F filings for Q4 2013.