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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
AIM
451
Ada Investment Management
New York
– -$386K -6,422 Closed
RCM
452
Reynolds Capital Management
Nevada
– -$332K -5,600 Closed
Rafferty Asset Management
453
Rafferty Asset Management
New York
– -$332K -5,597 Closed
Squarepoint
454
Squarepoint
New York
– -$325K -5,484 Closed
VKH
455
Virtu KCG Holdings
New York
– -$269K -4,717 Closed
Balyasny Asset Management
456
Balyasny Asset Management
Illinois
– -$257K -4,500 Closed
YMRC
457
Yorktown Management & Research Company
Virginia
– -$261K -4,400 Closed
EMG
458
Ellington Management Group
Connecticut
– -$255K -4,300 Closed
TCOO
459
Trust Company of Oklahoma
Oklahoma
– -$253K -4,260 Closed
SWP
460
Stratos Wealth Partners
Ohio
– -$252K -4,255 Closed
PTC
461
Private Trust Company
Ohio
– -$246K -4,158 Closed
DG
462
Davidson & Garrard
Virginia
– -$246K -4,140 Closed
GT
463
Greenleaf Trust
Michigan
– -$237K -4,000 Closed
IC
464
IKOS CIF
Cyprus
– -$229K -3,870 Closed
MHIC
465
Marble Harbor Investment Counsel
Massachusetts
– -$222K -3,743 Closed
Baird Financial Group
466
Baird Financial Group
Wisconsin
– -$209K -3,531 Closed
SGH
467
Schonfeld Group Holdings
New York
– -$205K -3,456 Closed
TIA
468
Tiemann Investment Advisors
California
– -$205K -3,450 Closed
W
469
Wealthfront
California
– -$160K -2,690 Closed
BCM
470
Brookstone Capital Management
Illinois
– -$136K -2,298 Closed
PHK
471
Point72 Hong Kong
Hong Kong
– -$134K -2,253 Closed
Group One Trading
472
Group One Trading
Illinois
– -$79.9K -1,400 Closed
CCS
473
Crosspoint Capital Strategies
California
– -$12K -208 Closed
CTB
474
Country Trust Bank
Illinois
– -$9K -154 Closed
SIM
475
Sonora Investment Management
Arizona
– -$4K -73 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.