CarMax
593 hedge funds and large institutions have $14.9B invested in CarMax in 2020 Q2 according to their latest regulatory filings, with 103 funds opening new positions, 176 increasing their positions, 241 reducing their positions, and 68 closing their positions.
67% more capital invested
Capital invested by funds: $8.92B → $14.9B (+$5.96B)
59% more funds holding in top 10
Funds holding in top 10: 22 → 35 (+13)
51% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 68
6% more funds holding
Funds holding: 560 → 593 (+33)
0.76% more ownership
Funds ownership: 101.41% → 102.17% (+0.76%)
23% less call options, than puts
Call options by funds: $107M | Put options by funds: $139M
27% less repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 241
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$562M |
| 2 |
JP Morgan Chase
New York
|
+$171M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$126M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$121M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$89.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Markel Group
Glen Allen,
Virginia
|
-$264M |
| 2 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$191M |
| 3 |
Primecap Management
Pasadena,
California
|
-$62.1M |
| 4 |
DWA
Douglass Winthrop Advisors
New York
|
-$57.9M |
| 5 |
BRIM
Broad Run Investment Management
Arlington,
Virginia
|
-$54.9M |
KMX Hedge Fund Activity: Q2 2020 in Review
593 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2020, worth a combined $14.9B — up 67% from $8.92B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new KMX positions and 68 closed out — a net gain of 35 holders — while 176 added to existing stakes and 241 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $562M. The largest seller was Markel Group, exiting entirely with an estimated $264M sold.
- 593 institutional investors held CarMax (KMX) as of Q2 2020, up from 560 in Q1 2020.
- Funds reported $14.9B of CarMax stock for Q2 2020, up 67% quarter-over-quarter.
- 103 funds opened new CarMax positions in Q2 2020 and 68 closed out, a net change of +35 holders.
- The largest CarMax buyer in Q2 2020 was T. Rowe Price Associates, an estimated $562M added.
- The largest CarMax seller in Q2 2020 was Markel Group, an estimated $264M sold.
Based on aggregated 13F filings for Q2 2020.