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457 hedge funds and large institutions have $12.9B invested in CarMax in 2017 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 171 increasing their positions, 168 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

161% more call options, than puts

Call options by funds: $600M | Put options by funds: $230M

19% more funds holding in top 10

Funds holding in top 10: 2125 (+4)

8% more capital invested

Capital invested by funds: $11.9B → $12.9B (+$1.01B)

2.46% more ownership

Funds ownership: 107.07%109.53% (+2.5%)

2% more repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 168

2% less funds holding

Funds holding: 468457 (-11)

15% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 53

Holders
457
Holders Change
-11
Holders Change %
-2.35%
% of All Funds
11.39%
Holding in Top 10
25
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+19.05%
% of All Funds
0.62%
New
45
Increased
171
Reduced
168
Closed
53
Calls
$600M
Puts
$230M
Net Calls
+$370M
Net Calls Change
+$12.8M
Name Holding Trade Value Shares
Change
Change in
Stake
HWA
376
Heritage Wealth Advisors
Virginia
$204K +$195K +3,235 New
RFC
377
Regions Financial Corp
Alabama
$202K +$193K +3,199 New
MML Investors Services
378
MML Investors Services
Massachusetts
$201K +$192K +3,182 New
Northwestern Mutual Wealth Management
379
Northwestern Mutual Wealth Management
Wisconsin
$162K -$195K -3,222 -56%
CPA
380
Clear Perspective Advisors
Illinois
$160K -$35K -580 -19%
CAW
381
Cornerstone Advisors (Washington)
Washington
$157K
RIM
382
Rampart Investment Management
Connecticut
$151K +$112K +1,855 +345%
YWP
383
YorkBridge Wealth Partners
New York
$149K +$1.75K +29 +1%
GRP
384
Global Retirement Partners
California
$148K +$43K +711 +43%
QI
385
QS Investors
New York
$147K +$1.33K +22 +1%
MFW
386
Mosaic Family Wealth
Missouri
$145K
SEC
387
Seven Eight Capital
New York
$133K +$128K +2,113 New
FBT
388
First Bank & Trust
South Dakota
$131K
FIB
389
First Interstate Bank
Montana
$127K -$37.7K -624 -24%
SOADOR
390
State of Alaska Department of Revenue
Alaska
$112K +$108K +1,780 New
Fifth Third Bancorp
391
Fifth Third Bancorp
Ohio
$111K +$1.39K +23 +1%
Korea Investment Corp
392
Korea Investment Corp
South Korea
$111K +$62.4K +1,033 +141%
AOWM
393
Alpha Omega Wealth Management
Virginia
$110K
FMT
394
First Mercantile Trust
Tennessee
$107K
ARMT
395
Amica Retiree Medical Trust
Rhode Island
$96K
VIM
396
Veritas Investment Management
United Kingdom
$95K
NA
397
NewEdge Advisors
Louisiana
$94.8K +$89.2K +1,476 New
CBOA
398
Commonwealth Bank of Australia
Australia
$92K -$1.99K -33 -2%
SLF
399
Sun Life Financial
Ontario, Canada
$81K +$77.5K +1,283 +21,383%
Bessemer Group
400
Bessemer Group
New Jersey
$76K

KMX Hedge Fund Activity: Q2 2017 in Review

457 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2017, worth a combined $12.9B — up 8.5% from $11.9B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of KMX and 45 opened new positions — a net loss of 8 holders — while 168 trimmed existing stakes and 171 added.

The largest buyer was Nordea Investment Management, adding an estimated $115M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $79.2M sold.

  • 457 institutional investors held CarMax (KMX) as of Q2 2017, down from 468 in Q1 2017.
  • Funds reported $12.9B of CarMax stock for Q2 2017, up 8.5% quarter-over-quarter.
  • 45 funds opened new CarMax positions in Q2 2017 and 53 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q2 2017 was Nordea Investment Management, an estimated $115M added.
  • The largest CarMax seller in Q2 2017 was Alyeska Investment Group, an estimated $79.2M sold.

Based on aggregated 13F filings for Q2 2017.