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638 hedge funds and large institutions have $14.4B invested in CarMax in 2019 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 201 increasing their positions, 230 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 44

9% more funds holding

Funds holding: 585638 (+53)

2% less capital invested

Capital invested by funds: $14.8B → $14.4B (-$367M)

1.77% less ownership

Funds ownership: 102.13%100.37% (-1.8%)

8% less funds holding in top 10

Funds holding in top 10: 3734 (-3)

13% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 230

36% less call options, than puts

Call options by funds: $106M | Put options by funds: $166M

Holders
638
Holders Change
+53
Holders Change %
+9.06%
% of All Funds
12.57%
Holding in Top 10
34
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-8.11%
% of All Funds
0.67%
New
108
Increased
201
Reduced
230
Closed
44
Calls
$106M
Puts
$166M
Net Calls
-$60.2M
Net Calls Change
-$8.99M
Name Holding Trade Value Shares
Change
Change in
Stake
S
301
Seeyond
France
$1.3M
PP
302
Paloma Partners
Connecticut
$1.28M +$1.07M +11,325 +345%
WAM
303
Wakefield Asset Management
Colorado
$1.22M -$178K -1,896 -12%
RIM
304
Rampart Investment Management
Connecticut
$1.22M -$34.1K -363 -3%
TAF
305
Tredje AP-fonden
Sweden
$1.2M +$1.28M +13,653 New
Dodge & Cox
306
Dodge & Cox
California
$1.18M
Creative Planning
307
Creative Planning
Kansas
$1.17M -$29.5K -314 -2%
Mercer Global Advisors
308
Mercer Global Advisors
Colorado
$1.17M +$46.5K +494 +4%
AI
309
Atria Investments
North Carolina
$1.16M +$116K +1,235 +10%
WAM
310
World Asset Management
Michigan
$1.14M -$11.7K -124 -0.9%
Boston Partners
311
Boston Partners
Massachusetts
$1.13M -$766K -8,142 -39%
NMERB
312
New Mexico Educational Retirement Board
New Mexico
$1.13M
DekaBank Deutsche Girozentrale
313
DekaBank Deutsche Girozentrale
Germany
$1.12M -$731K -7,772 -38%
ZIM
314
Zacks Investment Management
Illinois
$1.1M +$1.18M +12,574 New
CG
315
Colony Group
Massachusetts
$1.1M
AIM
316
Achmea Investment Management
Netherlands
$1.09M
SAM
317
Shell Asset Management
Netherlands
$1.09M +$84.2K +895 +8%
Cambridge Investment Research Advisors
318
Cambridge Investment Research Advisors
Iowa
$1.09M +$236K +2,513 +25%
HWA
319
Heritage Wealth Advisors
Virginia
$1.08M +$5.08K +54 +0.4%
RCC
320
Red Cedar Capital
Nebraska
$1.07M -$11.6K -123 -1%
BAAM
321
Baker Avenue Asset Management
California
$1.07M -$622K -6,609 -35%
LA
322
LVW Advisors
New York
$1.06M
TTWM
323
TCV Trust & Wealth Management
Virginia
$1.04M
CS
324
Candriam SCA
Luxembourg
$1.03M -$99K -1,052 -8%
AP
325
Advisors Preferred
Maryland
$1.02M +$951K +10,113 +653%

KMX Hedge Fund Activity: Q4 2019 in Review

638 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2019, worth a combined $14.4B — down 2.5% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new KMX positions and 44 closed out — a net gain of 64 holders — while 201 added to existing stakes and 230 trimmed.

The largest buyer was Truist Financial, adding an estimated $79.7M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $176M.

  • 638 institutional investors held CarMax (KMX) as of Q4 2019, up from 585 in Q3 2019.
  • Funds reported $14.4B of CarMax stock for Q4 2019, down 2.5% quarter-over-quarter.
  • 108 funds opened new CarMax positions in Q4 2019 and 44 closed out, a net change of +64 holders.
  • The largest CarMax buyer in Q4 2019 was Truist Financial, an estimated $79.7M added.
  • The largest CarMax seller in Q4 2019 was Ruane, Cunniff & Goldfarb, an estimated $176M sold.

Based on aggregated 13F filings for Q4 2019.