CarMax
471 hedge funds and large institutions have $13.1B invested in CarMax in 2016 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 131 increasing their positions, 187 reducing their positions, and 49 closing their positions.
80% more funds holding in top 10
Funds holding in top 10: 15 → 27 (+12)
80% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 49
21% more capital invested
Capital invested by funds: $10.8B → $13.1B (+$2.27B)
7% more funds holding
Funds holding: 440 → 471 (+31)
1.15% more ownership
Funds ownership: 107.61% → 108.76% (+1.2%)
0% less call options, than puts
Call options by funds: $169M | Put options by funds: $170M
30% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 187
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$226M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$51.5M |
| 3 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$44.9M |
| 4 |
IC
Immersion Capital
London,
United Kingdom
|
+$42.2M |
| 5 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
+$28.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$187M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$56.9M |
| 3 |
O
OppenheimerFunds
New York
|
-$45.8M |
| 4 |
MCL
MIK Capital LLC
New York
|
-$42.8M |
| 5 |
SP
Sarasin & Partners
London,
United Kingdom
|
-$40M |
KMX Hedge Fund Activity: Q4 2016 in Review
471 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2016, worth a combined $13.1B — up 21% from $10.8B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new KMX positions and 49 closed out — a net gain of 39 holders — while 131 added to existing stakes and 187 trimmed.
The largest buyer was Ruane, Cunniff & Goldfarb, adding an estimated $226M. The largest seller was Davis Selected Advisers, cutting an estimated $187M.
- 471 institutional investors held CarMax (KMX) as of Q4 2016, up from 440 in Q3 2016.
- Funds reported $13.1B of CarMax stock for Q4 2016, up 21% quarter-over-quarter.
- 88 funds opened new CarMax positions in Q4 2016 and 49 closed out, a net change of +39 holders.
- The largest CarMax buyer in Q4 2016 was Ruane, Cunniff & Goldfarb, an estimated $226M added.
- The largest CarMax seller in Q4 2016 was Davis Selected Advisers, an estimated $187M sold.
Based on aggregated 13F filings for Q4 2016.