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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
CONA
376
Capital One National Association
New York
$310K -$180K -2,526 -34%
CC
377
ClearArc Capital
Ohio
$299K -$4.21K -59 -1%
Rafferty Asset Management
378
Rafferty Asset Management
New York
$296K +$330K +4,621 New
YP
379
Yellowstone Partners
Idaho
$294K -$73.3K -1,028 -18%
JT
380
Jump Trading
Illinois
$289K +$322K +4,507 New
AP
381
Advisor Partners
California
$287K -$2.14K -30 -0.7%
Truist Financial
382
Truist Financial
North Carolina
$284K +$4.42K +62 +1%
CI
383
Conning Inc
Connecticut
$283K -$20.7K -290 -6%
HighTower Advisors
384
HighTower Advisors
Illinois
$280K -$1.53M -21,507 -83%
P
385
Pitcairn
Pennsylvania
$279K -$5.99K -84 -2%
LWCFA
386
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$278K -$12.5K -175 -4%
MHIC
387
Marble Harbor Investment Counsel
Massachusetts
$277K
Robeco Institutional Asset Management
388
Robeco Institutional Asset Management
Netherlands
$269K +$242K +3,396 +423%
AIP
389
Ameritas Investment Partners
Nebraska
$259K -$18.5K -260 -6%
PLFAM
390
Pineno Levin & Ford Asset Management
Virginia
$258K
HNB
391
Huntington National Bank
Ohio
$257K -$27.4K -384 -9%
TRCT
392
Tower Research Capital (TRC)
New York
$256K +$240K +3,360 +532%
GCA
393
Gideon Capital Advisors
New York
$256K +$285K +3,992 New
Janney Montgomery Scott
394
Janney Montgomery Scott
Pennsylvania
$254K -$531K -7,446 -65%
DBRC
395
D.B. Root & Company
Pennsylvania
$253K +$281K +3,939 New
BP
396
Ballentine Partners
Massachusetts
$251K +$3.78K +53 +1%
CFG
397
Citizens Financial Group
Rhode Island
$244K
Federated Hermes
398
Federated Hermes
Pennsylvania
$233K +$217K +3,045 +515%
LNWWM
399
Laird Norton Wetherby Wealth Management
California
$230K +$4.57K +64 +2%
VIA
400
Virtus Investment Advisers
Connecticut
$226K -$19.8K -277 -7%

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.