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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
SAM
426
Summit Asset Management
Tennessee
$375K -$18.5K -197 -4%
DS
427
DRW Securities
Illinois
$372K +$400K +4,247 New
BFA
428
Beacon Financial Advisory
Ohio
$371K +$398K +4,235 New
MHIC
429
Marble Harbor Investment Counsel
Massachusetts
$368K
ALAM
430
Asahi Life Asset Management
Japan
$362K +$389K +4,130 New
MWM
431
Marietta Wealth Management
Georgia
$359K
PLFAM
432
Pineno Levin & Ford Asset Management
Virginia
$353K
KA
433
Klingman & Associates
New York
$351K
MGWM
434
Marks Group Wealth Management
Minnesota
$351K +$376K +4,001 New
IRAG
435
Investment Research & Advisory Group
Georgia
$351K +$377K +4,008 New
FWM
436
Fairhaven Wealth Management
Illinois
$347K -$8.84K -94 -2%
AGM
437
Alpine Global Management
New York
$347K +$373K +3,962 New
SG Americas Securities
438
SG Americas Securities
New York
$345K -$2.57M -27,301 -87%
KRSITF
439
Kentucky Retirement Systems Insurance Trust Fund
Kentucky
$341K -$1.13K -12 -0.3%
WP
440
WMS Partners
Maryland
$339K -$1.98K -21 -0.5%
BP
441
Ballentine Partners
Massachusetts
$338K +$4.04K +43 +1%
HR
442
Hardy Reed
Mississippi
$336K
CAPTRUST Financial Advisors
443
CAPTRUST Financial Advisors
North Carolina
$334K +$231K +2,457 +193%
AP
444
Advisor Partners
California
$333K -$10.9K -116 -3%
GJIC
445
Gamble Jones Investment Counsel
California
$333K
BOM
446
Bank of Marin
California
$331K +$355K +3,770 New
DSA
447
Davis Selected Advisers
Arizona
$330K -$64K -680 -15%
TAM
448
Tocqueville Asset Management
New York
$329K
TCM
449
Teza Capital Management
Illinois
$327K +$351K +3,728 New
PAG
450
Private Advisory Group
Washington
$327K +$351K +3,731 New

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.