We are live on ! Find out more
KMX icon

CarMax
KMX

381 hedge funds and large institutions have $10.2B invested in CarMax in 2013 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 121 increasing their positions, 150 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 25

9% more funds holding

Funds holding: 348 → 381 (+33)

4% more capital invested

Capital invested by funds: $9.8B → $10.2B (+$417M)

0.22% less ownership

Funds ownership: 94.72% → 94.51% (-0.22%)

19% less repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 150

21% less funds holding in top 10

Funds holding in top 10: 14 → 11 (-3)

32% less call options, than puts

Call options by funds: $57.3M | Put options by funds: $84.3M

Holders
381
Holders Change
+33
Holders Change %
+9.48%
% of All Funds
12.35%
Holding in Top 10
11
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-21.43%
% of All Funds
0.36%
New
60
Increased
121
Reduced
150
Closed
25
Calls
$57.3M
Puts
$84.3M
Net Calls
-$26.9M
Net Calls Change
-$33.2M

Top Buyers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$32.1M
2
CIC
Chilton Investment Company
Connecticut
+$25.8M
3
SP
Sarasin & Partners
United Kingdom
+$23.3M
4
Millennium Management
Millennium Management
New York
+$21.8M
5
Renaissance Technologies
Renaissance Technologies
New York
+$20.6M

Top Sellers

1
Harris Associates
Harris Associates
Illinois
-$84.5M
2
SCA
SAC Capital Advisors
Connecticut
-$50.9M
3
KCM
Karsch Capital Management
New York
-$32M
4
WM
WS Management
Florida
-$29.4M
5
JHIU
Janus Henderson Investors US
Colorado
-$24.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
26
Atlanta Capital Management
Georgia
$97.5M -$608K -12,439 -0.6%
AllianceBernstein
27
AllianceBernstein
Tennessee
$95.3M -$5.2M -106,372 -5%
LCOV
28
London Company of Virginia
Virginia
$94.5M +$11.7M +238,590 +14%
BRIM
29
Broad Run Investment Management
Virginia
$89.9M +$275K +5,631 +0.3%
Norges Bank
30
Norges Bank
Norway
$87.8M -$3.76M -76,893 -4%
BG
31
BlackRock Group
United Kingdom
$78.7M +$3.68M +75,142 +5%
Geode Capital Management
32
Geode Capital Management
Massachusetts
$75.4M +$2.34M +47,804 +3%
Mitsubishi UFJ Trust & Banking
33
Mitsubishi UFJ Trust & Banking
Japan
$68.3M -$1.29M -26,397 -2%
BA
34
BlackRock Advisors
Delaware
$67.2M -$4.74M -96,965 -7%
AC
35
Avenir Corporation
Virginia
$63.4M -$3.12M -63,839 -5%
FPA
36
First Pacific Advisors
California
$59.9M -$21.2M -432,700 -26%
KIG
37
Kovitz Investment Group
Illinois
$59.1M -$14.7M -300,268 -20%
Brown Advisory
38
Brown Advisory
Maryland
$55.7M -$1.56M -31,980 -3%
WF
39
Welch & Forbes
Massachusetts
$53.7M +$90.3K +1,845 +0.2%
KI
40
Kalmar Investments
Delaware
$49.9M -$165K -3,380 -0.3%
Legal & General Group
41
Legal & General Group
United Kingdom
$46.8M +$1.53M +31,237 +3%
BIM
42
BlackRock Investment Management
Delaware
$45.2M +$7.98M +163,055 +21%
MIH
43
Madison Investment Holdings
Wisconsin
$42.7M -$3.35M -68,413 -7%
FCM
44
Frontier Capital Management
Massachusetts
$42.3M -$1.43M -29,147 -3%
FAM
45
Fenimore Asset Management
New York
$41.7M -$426K -8,700 -1%
FAMT
46
Fenimore Asset Management Trust
New York
$41.7M +$42M +859,527 New
TA
47
Teachers Advisors
New York
$40.2M -$570K -11,658 -1%
SCA
48
SAC Capital Advisors
Connecticut
$38.4M -$50.9M -1,040,038 -57%
JHIU
49
Janus Henderson Investors US
Colorado
$36.9M -$24.6M -503,300 -40%
UBS AM
50
UBS AM
Illinois
$32.3M +$512K +10,465 +2%
1
2
3 4 5

KMX Hedge Fund Activity: Q3 2013 in Review

381 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2013, worth a combined $10.2B — up 4.3% from $9.8B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new KMX positions and 25 closed out — a net gain of 35 holders — while 121 added to existing stakes and 150 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $32.1M. The largest seller was Harris Associates, cutting an estimated $84.5M.

  • 381 institutional investors held CarMax (KMX) as of Q3 2013, up from 348 in Q2 2013.
  • Funds reported $10.2B of CarMax stock for Q3 2013, up 4.3% quarter-over-quarter.
  • 60 funds opened new CarMax positions in Q3 2013 and 25 closed out, a net change of +35 holders.
  • The largest CarMax buyer in Q3 2013 was Baillie Gifford & Co, an estimated $32.1M added.
  • The largest CarMax seller in Q3 2013 was Harris Associates, an estimated $84.5M sold.

Based on aggregated 13F filings for Q3 2013.