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638 hedge funds and large institutions have $14.4B invested in CarMax in 2019 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 201 increasing their positions, 230 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 44

9% more funds holding

Funds holding: 585638 (+53)

2% less capital invested

Capital invested by funds: $14.8B → $14.4B (-$367M)

1.77% less ownership

Funds ownership: 102.13%100.37% (-1.8%)

8% less funds holding in top 10

Funds holding in top 10: 3734 (-3)

13% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 230

36% less call options, than puts

Call options by funds: $106M | Put options by funds: $166M

Holders
638
Holders Change
+53
Holders Change %
+9.06%
% of All Funds
12.57%
Holding in Top 10
34
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-8.11%
% of All Funds
0.67%
New
108
Increased
201
Reduced
230
Closed
44
Calls
$106M
Puts
$166M
Net Calls
-$60.2M
Net Calls Change
-$8.99M
Name Holding Trade Value Shares
Change
Change in
Stake
NA
376
NewEdge Advisors
Louisiana
$575K -$34.3K -365 -5%
ASN
377
Advisory Services Network
Georgia
$568K -$82.3K -875 -12%
VCM
378
Virtue Capital Management
Tennessee
$565K +$113K +1,197 +23%
TCOO
379
Trust Company of Oklahoma
Oklahoma
$561K
NMIMC
380
Northwestern Mutual Investment Management Company
Wisconsin
$560K +$7.71K +82 +1%
PFA
381
Professional Financial Advisors
Nebraska
$560K +$600K +6,383 New
HighTower Advisors
382
HighTower Advisors
Illinois
$553K -$42.8K -455 -7%
MCM
383
Manchester Capital Management
Vermont
$552K
II
384
Inspire Investing
Idaho
$540K +$25.3K +269 +5%
SS
385
Simplicity Solutions
Minnesota
$539K +$579K +6,150 New
OTPPB
386
Ontario Teachers' Pension Plan Board
Ontario, Canada
$535K +$574K +6,102 New
WAM
387
Wealthspire Advisors (Maryland)
Maryland
$533K +$31.6K +336 +6%
WAS
388
Wealth Advisory Solutions
Indiana
$525K +$564K +5,993 New
LIA
389
LS Investment Advisors
Michigan
$522K +$43.1K +458 +8%
PRC
390
Pearl River Capital
Michigan
$508K +$545K +5,795 New
BWM
391
Biltmore Wealth Management
Arizona
$502K -$35K -372 -6%
CFA
392
Capstone Financial Advisors
Illinois
$500K
SS
393
Sunbelt Securities
Texas
$499K +$4.7K +50 +0.9%
WSTAM
394
Wilbanks Smith & Thomas Asset Management
Virginia
$497K
SW
395
SVB Wealth
Massachusetts
$492K -$28K -298 -5%
Northwestern Mutual Wealth Management
396
Northwestern Mutual Wealth Management
Wisconsin
$491K +$4.04K +43 +0.8%
AR
397
Advisory Research
Illinois
$491K +$10.6K +113 +2%
HWM
398
Hohimer Wealth Management
Washington
$488K +$524K +5,565 New
RA
399
Royce & Associates
New York
$482K -$151K -1,600 -23%
VIA
400
Vident Investment Advisory
Georgia
$477K -$84.9K -903 -14%

KMX Hedge Fund Activity: Q4 2019 in Review

638 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2019, worth a combined $14.4B — down 2.5% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new KMX positions and 44 closed out — a net gain of 64 holders — while 201 added to existing stakes and 230 trimmed.

The largest buyer was Truist Financial, adding an estimated $79.7M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $176M.

  • 638 institutional investors held CarMax (KMX) as of Q4 2019, up from 585 in Q3 2019.
  • Funds reported $14.4B of CarMax stock for Q4 2019, down 2.5% quarter-over-quarter.
  • 108 funds opened new CarMax positions in Q4 2019 and 44 closed out, a net change of +64 holders.
  • The largest CarMax buyer in Q4 2019 was Truist Financial, an estimated $79.7M added.
  • The largest CarMax seller in Q4 2019 was Ruane, Cunniff & Goldfarb, an estimated $176M sold.

Based on aggregated 13F filings for Q4 2019.