CarMax
381 hedge funds and large institutions have $10.2B invested in CarMax in 2013 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 121 increasing their positions, 150 reducing their positions, and 25 closing their positions.
140% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 25
9% more funds holding
Funds holding: 348 → 381 (+33)
4% more capital invested
Capital invested by funds: $9.8B → $10.2B (+$417M)
0.22% less ownership
Funds ownership: 94.72% → 94.51% (-0.22%)
19% less repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 150
21% less funds holding in top 10
Funds holding in top 10: 14 → 11 (-3)
32% less call options, than puts
Call options by funds: $57.3M | Put options by funds: $84.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$32.1M |
| 2 |
CIC
Chilton Investment Company
Stamford,
Connecticut
|
+$25.8M |
| 3 |
SP
Sarasin & Partners
London,
United Kingdom
|
+$23.3M |
| 4 |
Millennium Management
New York
|
+$21.8M |
| 5 |
Renaissance Technologies
New York
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$84.5M |
| 2 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$50.9M |
| 3 |
KCM
Karsch Capital Management
New York
|
-$32M |
| 4 |
WM
WS Management
Jacksonville,
Florida
|
-$29.4M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$24.6M |
KMX Hedge Fund Activity: Q3 2013 in Review
381 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2013, worth a combined $10.2B — up 4.3% from $9.8B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new KMX positions and 25 closed out — a net gain of 35 holders — while 121 added to existing stakes and 150 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $32.1M. The largest seller was Harris Associates, cutting an estimated $84.5M.
- 381 institutional investors held CarMax (KMX) as of Q3 2013, up from 348 in Q2 2013.
- Funds reported $10.2B of CarMax stock for Q3 2013, up 4.3% quarter-over-quarter.
- 60 funds opened new CarMax positions in Q3 2013 and 25 closed out, a net change of +35 holders.
- The largest CarMax buyer in Q3 2013 was Baillie Gifford & Co, an estimated $32.1M added.
- The largest CarMax seller in Q3 2013 was Harris Associates, an estimated $84.5M sold.
Based on aggregated 13F filings for Q3 2013.