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CarMax
KMX

423 hedge funds and large institutions have $12.4B invested in CarMax in 2015 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 160 increasing their positions, 158 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.4% more ownership

Funds ownership: 100.45% → 106.85% (+6.4%)

1% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 158

2% less funds holding

Funds holding: 433 → 423 (-10)

7% less capital invested

Capital invested by funds: $13.4B → $12.4B (-$998M)

15% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 52

19% less call options, than puts

Call options by funds: $115M | Put options by funds: $142M

23% less funds holding in top 10

Funds holding in top 10: 22 → 17 (-5)

Holders
423
Holders Change
-10
Holders Change %
-2.31%
% of All Funds
11.1%
Holding in Top 10
17
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-22.73%
% of All Funds
0.45%
New
44
Increased
160
Reduced
158
Closed
52
Calls
$115M
Puts
$142M
Net Calls
-$26.5M
Net Calls Change
-$6.94M

Top Buyers

1
Principal Financial Group
Principal Financial Group
Iowa
+$80.2M
2
Primecap Management
Primecap Management
California
+$79.4M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$79.2M
4
Citadel Advisors
Citadel Advisors
Florida
+$75.1M
5
Harris Associates
Harris Associates
Illinois
+$65.3M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$49.1M
2
TCIM
TIAA CREF Investment Management
New York
-$48M
3
FPA
First Pacific Advisors
California
-$45.1M
4
Wells Fargo
Wells Fargo
California
-$44.7M
5
ESCM
Echo Street Capital Management
New York
-$36.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
MP
426
Manikay Partners
New York
– -$11.1M -187,800 Closed
Capital Fund Management (CFM)
427
Capital Fund Management (CFM)
France
– -$9.61M -168,439 Closed
EAM
428
EverPoint Asset Management
Connecticut
– -$7.98M -134,550 Closed
Arrowstreet Capital
429
Arrowstreet Capital
Massachusetts
– -$6.21M -104,700 Closed
PCM
430
Portolan Capital Management
Massachusetts
– -$5.48M -92,342 Closed
SCM
431
Stevens Capital Management
Pennsylvania
– -$5.4M -91,022 Closed
Voloridge Investment Management
432
Voloridge Investment Management
Florida
– -$5.22M -88,087 Closed
Nomura Holdings
433
Nomura Holdings
Japan
– -$5.06M -87,019 Closed
PG
434
PEAK6 Group
Illinois
– -$4.5M -78,806 Closed
Point72 Asset Management
435
Point72 Asset Management
Connecticut
– -$4.02M -67,700 Closed
WF
436
WealthTrust Fairport
Ohio
– -$3.17M -53,429 Closed
BCM
437
Bridgeway Capital Management
Texas
– -$2.85M -48,100 Closed
SFP
438
Santa Fe Partners
New Mexico
– -$2.41M -40,576 Closed
CCM
439
Cobalt Capital Management
New Jersey
– -$2.37M -40,000 Closed
QIM
440
Quantitative Investment Management
Virginia
– -$1.51M -25,400 Closed
SI
441
Standard Investments
New York
– -$1.32M -22,217 Closed
D.E. Shaw & Co
442
D.E. Shaw & Co
New York
– -$844K -14,786 Closed
TCP
443
TAMRO Capital Partners
Virginia
– -$795K -13,398 Closed
DnB Asset Management
444
DnB Asset Management
Norway
– -$707K -11,915 Closed
PP
445
Paloma Partners
Connecticut
– -$666K -11,233 Closed
CP
446
Cinque Partners
California
– -$652K -10,991 Closed
Millennium Management
447
Millennium Management
New York
– -$542K -9,500 Closed
BCM
448
BlueCrest Capital Management
Jersey
– -$504K -8,492 Closed
HPCM
449
High Pointe Capital Management
Illinois
– -$469K -7,910 Closed
NG
450
NatWest Group
United Kingdom
– -$389K -6,550 Closed
16 17
18
19 20

KMX Hedge Fund Activity: Q4 2015 in Review

423 of the 3,811 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2015, worth a combined $12.4B — down 7.5% from $13.4B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of KMX and 44 opened new positions — a net loss of 8 holders — while 158 trimmed existing stakes and 160 added.

The largest buyer was Principal Financial Group, adding an estimated $80.2M. The largest seller was Deutsche Bank, cutting an estimated $49.1M.

  • 423 institutional investors held CarMax (KMX) as of Q4 2015, down from 433 in Q3 2015.
  • Funds reported $12.4B of CarMax stock for Q4 2015, down 7.5% quarter-over-quarter.
  • 44 funds opened new CarMax positions in Q4 2015 and 52 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q4 2015 was Principal Financial Group, an estimated $80.2M added.
  • The largest CarMax seller in Q4 2015 was Deutsche Bank, an estimated $49.1M sold.

Based on aggregated 13F filings for Q4 2015.