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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
ST
426
Smithfield Trust
Pennsylvania
$122K -$90.9K -1,274 -40%
C
427
Cerebellum
California
$121K +$135K +1,886 New
CPA
428
Clear Perspective Advisors
Illinois
$115K
Korea Investment Corp
429
Korea Investment Corp
South Korea
$113K
AOWM
430
Alpha Omega Wealth Management
Virginia
$112K
Fifth Third Bancorp
431
Fifth Third Bancorp
Ohio
$111K +$8.85K +124 +8%
TA
432
Townsend & Associates
Colorado
$108K +$120K +1,678 New
FBT
433
First Bank & Trust
South Dakota
$103K -$14.9K -209 -12%
ARMT
434
Amica Retiree Medical Trust
Rhode Island
$98K
FMT
435
First Mercantile Trust
Tennessee
$96K
VIM
436
Veritas Investment Management
United Kingdom
$96K
SSB
437
Sandy Spring Bank
Maryland
$90K +$21.4K +300 +27%
BLA
438
Balter Liquid Alternatives
Massachusetts
$88K +$98.2K +1,376 New
Fuller & Thaler Asset Management
439
Fuller & Thaler Asset Management
California
$83K +$92.7K +1,300 New
MFW
440
Mosaic Family Wealth
Missouri
$82K -$42.8K -600 -32%
Bessemer Group
441
Bessemer Group
New Jersey
$79K
STA
442
Summit Trail Advisors
New York
$64K +$65K +911 New
FPFS
443
First Personal Financial Services
North Carolina
$63K +$70.3K +985 New
SWM
444
SeaCrest Wealth Management
New York
$61K +$67.4K +945 New
AAP
445
Arax Advisory Partners
Colorado
$58K
Kovitz Investment Group Partners
446
Kovitz Investment Group Partners
Illinois
$57.6K +$6.88M +96,365 +12%
IA
447
IFP Advisors
Florida
$55K -$33.4K -468 -35%
PHK
448
Point72 Hong Kong
Hong Kong
$49K -$29.1K -408 -35%
TL
449
TrueWealth LLC
Georgia
$40K +$44.2K +619 New
GFP
450
Gryphon Financial Partners
Ohio
$40K +$44.9K +630 New

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.