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516 hedge funds and large institutions have $11.7B invested in CarMax in 2017 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 178 increasing their positions, 184 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 50

7% more funds holding

Funds holding: 484516 (+32)

8% more call options, than puts

Call options by funds: $142M | Put options by funds: $131M

3% less repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 184

6.77% less ownership

Funds ownership: 108.06%101.29% (-6.8%)

21% less capital invested

Capital invested by funds: $14.9B → $11.7B (-$3.17B)

36% less funds holding in top 10

Funds holding in top 10: 2516 (-9)

Holders
516
Holders Change
+32
Holders Change %
+6.61%
% of All Funds
11.7%
Holding in Top 10
16
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-36%
% of All Funds
0.36%
New
82
Increased
178
Reduced
184
Closed
50
Calls
$142M
Puts
$131M
Net Calls
+$10.8M
Net Calls Change
-$26.3M
Name Holding Trade Value Shares
Change
Change in
Stake
SAM
326
Shell Asset Management
Netherlands
$576K
GHCM
327
Glen Harbor Capital Management
California
$575K +$4K +56 +0.6%
KA
328
Klingman & Associates
New York
$553K +$615K +8,627 New
JMPWA
329
JP Morgan Private Wealth Advisors
California
$547K +$95.1K +1,333 +19%
FTI
330
Fiduciary Trust International
Massachusetts
$507K
SM
331
Sciencast Management
New Jersey
$507K +$205K +2,868 +67%
AIM
332
Assured Investment Management
New York
$499K +$555K +7,782 New
Thrivent Financial for Lutherans
333
Thrivent Financial for Lutherans
Minnesota
$473K +$11.3K +158 +2%
LMGAM
334
Liberty Mutual Group Asset Management
Massachusetts
$468K -$69.2K -970 -12%
AMI
335
Amica Mutual Insurance
Rhode Island
$467K -$514K -7,200 -50%
LIA
336
LS Investment Advisors
Michigan
$457K +$11.6K +162 +2%
Allianz Asset Management
337
Allianz Asset Management
Germany
$456K +$506K +7,099 New
MCIM
338
Meadow Creek Investment Management
Georgia
$452K +$3.14K +44 +0.6%
W
339
Wealthfront
California
$452K +$114K +1,599 +29%
BNP Paribas Asset Management
340
BNP Paribas Asset Management
France
$445K -$16.6K -233 -3%
CI
341
Cigna Investments
Connecticut
$431K -$25.6K -359 -5%
CCIA
342
Campbell & Co Investment Adviser
Maryland
$431K +$480K +6,723 New
TW
343
Transform Wealth
Colorado
$423K -$117K -1,635 -20%
CT
344
Clearstead Trust
Maine
$423K -$9.28K -130 -2%
WAM
345
Wealthspire Advisors (Maryland)
Maryland
$421K +$172K +2,407 +58%
FP
346
FDO Partners
Massachusetts
$419K +$466K +6,537 New
GCC
347
Game Creek Capital
Massachusetts
$417K +$464K +6,500 New
HS
348
HighVista Strategies
Massachusetts
$417K +$464K +6,500 New
Baird Financial Group
349
Baird Financial Group
Wisconsin
$415K +$169K +2,367 +58%
MCM
350
Manchester Capital Management
Vermont
$404K +$449K +6,300 New

KMX Hedge Fund Activity: Q4 2017 in Review

516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2017, worth a combined $11.7B — down 21% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new KMX positions and 50 closed out — a net gain of 32 holders — while 178 added to existing stakes and 184 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $273M. The largest seller was Baillie Gifford & Co, cutting an estimated $361M.

  • 516 institutional investors held CarMax (KMX) as of Q4 2017, up from 484 in Q3 2017.
  • Funds reported $11.7B of CarMax stock for Q4 2017, down 21% quarter-over-quarter.
  • 82 funds opened new CarMax positions in Q4 2017 and 50 closed out, a net change of +32 holders.
  • The largest CarMax buyer in Q4 2017 was OppenheimerFunds, an estimated $273M added.
  • The largest CarMax seller in Q4 2017 was Baillie Gifford & Co, an estimated $361M sold.

Based on aggregated 13F filings for Q4 2017.