CarMax
KMX
534 hedge funds and large institutions have $13.6B invested in CarMax in 2018 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 161 increasing their positions, 210 reducing their positions, and 44 closing their positions.
5% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 44
1% more capital invested
Capital invested by funds: $13.4B → $13.6B (+$176M)
0% less funds holding
Funds holding: 536 → 534 (-2)
0.73% less ownership
Funds ownership: 104.36% → 103.62% (-0.73%)
21% less funds holding in top 10
Funds holding in top 10: 28 → 22 (-6)
23% less repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 210
51% less call options, than puts
Call options by funds: $60.6M | Put options by funds: $123M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$91M |
| 2 |
State Street
Boston,
Massachusetts
|
+$46.3M |
| 3 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$37.4M |
| 4 |
D.E. Shaw & Co
New York
|
+$36.7M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$35.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$137M |
| 2 |
O
OppenheimerFunds
New York
|
-$94.4M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$69.2M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
-$25.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$21.4M |
KMX Hedge Fund Activity: Q3 2018 in Review
534 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2018, worth a combined $13.6B — up 1.3% from $13.4B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new KMX positions and 44 closed out — a net gain of 2 holders — while 161 added to existing stakes and 210 trimmed.
The largest buyer was Bank of America, adding an estimated $91M. The largest seller was Harris Associates, cutting an estimated $137M.
- 534 institutional investors held CarMax (KMX) as of Q3 2018, down from 536 in Q2 2018.
- Funds reported $13.6B of CarMax stock for Q3 2018, up 1.3% quarter-over-quarter.
- 46 funds opened new CarMax positions in Q3 2018 and 44 closed out, a net change of +2 holders.
- The largest CarMax buyer in Q3 2018 was Bank of America, an estimated $91M added.
- The largest CarMax seller in Q3 2018 was Harris Associates, an estimated $137M sold.
Based on aggregated 13F filings for Q3 2018.