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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
CA
401
Commerzbank Aktiengesellschaft
Germany
$225K +$22.7K +318 +10%
KIA
402
KCM Investment Advisors
California
$224K
CEP
403
Chicago Equity Partners
Illinois
$223K
AI
404
Atria Investments
North Carolina
$219K +$243K +3,408 New
Northwestern Mutual Wealth Management
405
Northwestern Mutual Wealth Management
Wisconsin
$217K +$52.5K +736 +28%
HWA
406
Heritage Wealth Advisors
Virginia
$207K
RFC
407
Regions Financial Corp
Alabama
$206K +$927 +13 +0.4%
Franklin Resources
408
Franklin Resources
California
$205K +$228K +3,192 New
WP
409
WMS Partners
Maryland
$200K +$223K +3,125 New
SWP
410
Strategic Wealth Partners
Ohio
$193K +$190K +2,665 New
SQA
411
Simon Quick Advisors
New Jersey
$185K -$43.2K -605 -19%
LS
412
Livforsakringsbolaget Skandia
Sweden
$176K -$64.2K -900 -25%
GRP
413
Global Retirement Partners
California
$171K +$10.3K +144 +6%
II
414
Inspire Investing
Idaho
$169K +$187K +2,628 New
VCM
415
Virtue Capital Management
Tennessee
$169K +$187K +2,628 New
CIBC Private Wealth Group
416
CIBC Private Wealth Group
Georgia
$161K -$71.3K -1,000 -29%
CAW
417
Cornerstone Advisors (Washington)
Washington
$160K
RIM
418
Rampart Investment Management
Connecticut
$159K +$9.85K +138 +6%
PCIA
419
Prime Capital Investment Advisors
Kansas
$156K +$174K +2,440 New
QI
420
QS Investors
New York
$150K
YWP
421
YorkBridge Wealth Partners
New York
$138K -$14.6K -205 -9%
CAPTRUST Financial Advisors
422
CAPTRUST Financial Advisors
North Carolina
$134K +$149K +2,089 New
FIB
423
First Interstate Bank
Montana
$129K
FA
424
Fortis Advisors
Pennsylvania
$128K
CCM
425
Covington Capital Management
California
$123K +$30K +421 +28%

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.