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CarMax
KMX

423 hedge funds and large institutions have $12.4B invested in CarMax in 2015 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 160 increasing their positions, 158 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.4% more ownership

Funds ownership: 100.45% → 106.85% (+6.4%)

1% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 158

2% less funds holding

Funds holding: 433 → 423 (-10)

7% less capital invested

Capital invested by funds: $13.4B → $12.4B (-$998M)

15% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 52

19% less call options, than puts

Call options by funds: $115M | Put options by funds: $142M

23% less funds holding in top 10

Funds holding in top 10: 22 → 17 (-5)

Holders
423
Holders Change
-10
Holders Change %
-2.31%
% of All Funds
11.1%
Holding in Top 10
17
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-22.73%
% of All Funds
0.45%
New
44
Increased
160
Reduced
158
Closed
52
Calls
$115M
Puts
$142M
Net Calls
-$26.5M
Net Calls Change
-$6.94M

Top Buyers

1
Principal Financial Group
Principal Financial Group
Iowa
+$80.2M
2
Primecap Management
Primecap Management
California
+$79.4M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$79.2M
4
Citadel Advisors
Citadel Advisors
Florida
+$75.1M
5
Harris Associates
Harris Associates
Illinois
+$65.3M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$49.1M
2
TCIM
TIAA CREF Investment Management
New York
-$48M
3
FPA
First Pacific Advisors
California
-$45.1M
4
Wells Fargo
Wells Fargo
California
-$44.7M
5
ESCM
Echo Street Capital Management
New York
-$36.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
ARMC
376
American Research & Management Company
Massachusetts
$43K – – –
FCCM
377
First City Capital Management
Georgia
$42.4K – – –
IWMPD
378
Integrated Wealth Management (Palm Desert)
California
$41K +$57 +1 +0.1%
SAMC
379
Shinko Asset Management Company
Japan
$32K – – –
GWM
380
Gupta Wealth Management
California
$31K +$32K +560 +2,435%
MA
381
MCF Advisors
Kentucky
$27K – – –
FFC
382
First Financial Corp
Indiana
$25K – – –
UFA
383
US Financial Advisors
Massachusetts
$21K +$22.5K +394 New
1832 Asset Management
384
1832 Asset Management
Ontario, Canada
$20K – – –
ASN
385
Advisory Services Network
Georgia
$18K +$9.47K +166 +104%
TWA
386
TCI Wealth Advisors
Arizona
$17K +$3.88K +68 +28%
WTB
387
Washington Trust Bank
Washington
$16K – – –
N
388
Nuveen
North Carolina
$15.3K -$9.97M -174,642 -38%
WA
389
WFG Advisors
Texas
$14K +$5.71K +100 +63%
EWM
390
Evercore Wealth Management
New York
$12K +$12.9K +226 New
SI
391
Sentry Investments
Ontario, Canada
$10.8K +$11.4M +199,600 New
WAM
392
Wealthspire Advisors (Maryland)
Maryland
$10K +$10.6K +186 New
FHA
393
First Horizon Advisors
Tennessee
$8K – – –
MSFP
394
Mark Sheptoff Financial Planning
Connecticut
$8K – – –
AC
395
Alexandria Capital
Virginia
$8K +$400 +7 +5%
CFA
396
Carroll Financial Associates
North Carolina
$8K +$1.54K +27 +20%
HR
397
Howe & Rusling
New York
$7K +$7.19K +126 New
TF
398
Tompkins Financial
New York
$7K +$7.48K +131 New
BGIM
399
Brandywine Global Investment Management
Pennsylvania
$6K – – –
PSC
400
Prentiss Smith & Co
Vermont
$6K – – –
14 15
16
17 18

KMX Hedge Fund Activity: Q4 2015 in Review

423 of the 3,811 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2015, worth a combined $12.4B — down 7.5% from $13.4B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of KMX and 44 opened new positions — a net loss of 8 holders — while 158 trimmed existing stakes and 160 added.

The largest buyer was Principal Financial Group, adding an estimated $80.2M. The largest seller was Deutsche Bank, cutting an estimated $49.1M.

  • 423 institutional investors held CarMax (KMX) as of Q4 2015, down from 433 in Q3 2015.
  • Funds reported $12.4B of CarMax stock for Q4 2015, down 7.5% quarter-over-quarter.
  • 44 funds opened new CarMax positions in Q4 2015 and 52 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q4 2015 was Principal Financial Group, an estimated $80.2M added.
  • The largest CarMax seller in Q4 2015 was Deutsche Bank, an estimated $49.1M sold.

Based on aggregated 13F filings for Q4 2015.