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468 hedge funds and large institutions have $11.9B invested in CarMax in 2017 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 140 increasing their positions, 201 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

309% more call options, than puts

Call options by funds: $473M | Put options by funds: $116M

13% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 46

1% less funds holding

Funds holding: 471468 (-3)

1.68% less ownership

Funds ownership: 108.76%107.07% (-1.7%)

9% less capital invested

Capital invested by funds: $13.1B → $11.9B (-$1.24B)

22% less funds holding in top 10

Funds holding in top 10: 2721 (-6)

30% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 201

Holders
468
Holders Change
-3
Holders Change %
-0.64%
% of All Funds
11.65%
Holding in Top 10
21
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-22.22%
% of All Funds
0.52%
New
52
Increased
140
Reduced
201
Closed
46
Calls
$473M
Puts
$116M
Net Calls
+$357M
Net Calls Change
+$357M
Name Holding Trade Value Shares
Change
Change in
Stake
FBT
401
First Bank & Trust
South Dakota
$123K +$8.96K +138 +7%
AOWM
402
Alpha Omega Wealth Management
Virginia
$104K
Fifth Third Bancorp
403
Fifth Third Bancorp
Ohio
$103K -$55.9K -860 -33%
FMT
404
First Mercantile Trust
Tennessee
$101K
GRP
405
Global Retirement Partners
California
$97K +$27.7K +427 +35%
NFG
406
Next Financial Group
Texas
$95K -$24.4K -375 -19%
ARMT
407
Amica Retiree Medical Trust
Rhode Island
$90K
CBOA
408
Commonwealth Bank of Australia
Australia
$90K +$1.56K +24 +2%
VIM
409
Veritas Investment Management
United Kingdom
$89K
ACS
410
Archford Capital Strategies
Illinois
$75K +$40.4K +622 +97%
Bessemer Group
411
Bessemer Group
New Jersey
$71K -$54.7K -842 -41%
NIPH
412
NN Investment Partners Holdings
Netherlands
$71K
AAP
413
Arax Advisory Partners
Colorado
$53K
Robeco Institutional Asset Management
414
Robeco Institutional Asset Management
Netherlands
$48K
FHA
415
First Horizon Advisors
Tennessee
$48K +$53.1K +817 New
Korea Investment Corp
416
Korea Investment Corp
South Korea
$44K +$33.1K +509 +225%
GLI
417
Guardian Life Insurance
New York
$43K
RIM
418
Rampart Investment Management
Connecticut
$32K +$34.9K +537 New
ARMC
419
American Research & Management Company
Massachusetts
$27K
FFC
420
First Financial Corp
Indiana
$27K
TWA
421
TCI Wealth Advisors
Arizona
$26K -$260 -4 -0.9%
SIC
422
Salem Investment Counselors
North Carolina
$24K
Carson Wealth (CWM LLC)
423
Carson Wealth (CWM LLC)
Nebraska
$23K -$7.86K -121 -23%
AC
424
Alexandria Capital
Virginia
$17K +$19K +293 New
WA
425
WFG Advisors
Texas
$15K

KMX Hedge Fund Activity: Q1 2017 in Review

468 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2017, worth a combined $11.9B — down 9.5% from $13.1B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new KMX positions and 46 closed out — a net gain of 6 holders — while 140 added to existing stakes and 201 trimmed.

The largest buyer was BlackRock, adding an estimated $699M. The largest seller was Primecap Management, cutting an estimated $127M.

  • 468 institutional investors held CarMax (KMX) as of Q1 2017, down from 471 in Q4 2016.
  • Funds reported $11.9B of CarMax stock for Q1 2017, down 9.5% quarter-over-quarter.
  • 52 funds opened new CarMax positions in Q1 2017 and 46 closed out, a net change of +6 holders.
  • The largest CarMax buyer in Q1 2017 was BlackRock, an estimated $699M added.
  • The largest CarMax seller in Q1 2017 was Primecap Management, an estimated $127M sold.

Based on aggregated 13F filings for Q1 2017.