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390 hedge funds and large institutions have $9.94B invested in CarMax in 2013 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 126 increasing their positions, 159 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 39

2% more funds holding

Funds holding: 381390 (+9)

5% more call options, than puts

Call options by funds: $51.3M | Put options by funds: $48.9M

0.34% more ownership

Funds ownership: 94.51%94.85% (+0.34%)

3% less capital invested

Capital invested by funds: $10.2B → $9.94B (-$278M)

18% less funds holding in top 10

Funds holding in top 10: 119 (-2)

21% less repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 159

Holders
390
Holders Change
+9
Holders Change %
+2.36%
% of All Funds
11.32%
Holding in Top 10
9
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-18.18%
% of All Funds
0.26%
New
51
Increased
126
Reduced
159
Closed
39
Calls
$51.3M
Puts
$48.9M
Net Calls
+$2.44M
Net Calls Change
+$29.4M
Name Holding Trade Value Shares
Change
Change in
Stake
DC
26
Davenport & Co
Virginia
$102M +$2.45M +50,011 +2%
ACM
27
Atlanta Capital Management
Georgia
$98.4M +$4.03M +82,249 +4%
BRIM
28
Broad Run Investment Management
Virginia
$97.6M +$10.9M +222,314 +12%
Norges Bank
29
Norges Bank
Norway
$77.3M -$8.22M -167,738 -9%
Geode Capital Management
30
Geode Capital Management
Massachusetts
$75.3M +$2.29M +46,680 +3%
BG
31
BlackRock Group
United Kingdom
$74.5M -$1.96M -39,982 -2%
AllianceBernstein
32
AllianceBernstein
Tennessee
$71.1M -$22.3M -454,282 -23%
Mitsubishi UFJ Trust & Banking
33
Mitsubishi UFJ Trust & Banking
Japan
$68M +$1.81M +36,841 +3%
BA
34
BlackRock Advisors
Delaware
$64.2M -$1.04M -21,130 -2%
AC
35
Avenir Corporation
Virginia
$62.3M +$746K +15,207 +1%
FPA
36
First Pacific Advisors
California
$57.6M -$593K -12,100 -1%
Brown Advisory
37
Brown Advisory
Maryland
$54.9M +$919K +18,745 +2%
Goldman Sachs
38
Goldman Sachs
New York
$54.8M +$26.2M +534,676 +85%
WF
39
Welch & Forbes
Massachusetts
$52.2M +$59.2K +1,208 +0.1%
BIM
40
BlackRock Investment Management
Delaware
$52M +$8.45M +172,429 +18%
KIG
41
Kovitz Investment Group
Illinois
$49.2M -$8.56M -174,541 -14%
KI
42
Kalmar Investments
Delaware
$49M +$600K +12,245 +1%
Legal & General Group
43
Legal & General Group
United Kingdom
$44.2M -$1.24M -25,334 -3%
TA
44
Teachers Advisors
New York
$42.8M +$3.98M +81,286 +10%
SAM
45
Scopus Asset Management
New York
$40.4M +$42.1M +858,700 New
FAM
46
Fenimore Asset Management
New York
$40.2M -$217K -4,425 -0.5%
MIH
47
Madison Investment Holdings
Wisconsin
$39.3M -$2.15M -43,955 -5%
UBS AM
48
UBS AM
Illinois
$32.4M +$1.17M +23,845 +4%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$29.9M -$1.01M -20,600 -3%
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$27.7M +$1.04M +21,300 +4%

KMX Hedge Fund Activity: Q4 2013 in Review

390 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2013, worth a combined $9.94B — down 2.7% from $10.2B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new KMX positions and 39 closed out — a net gain of 12 holders — while 126 added to existing stakes and 159 trimmed.

The largest buyer was Wells Fargo, adding an estimated $67M. The largest seller was SAC Capital Advisors, cutting an estimated $33.1M.

  • 390 institutional investors held CarMax (KMX) as of Q4 2013, up from 381 in Q3 2013.
  • Funds reported $9.94B of CarMax stock for Q4 2013, down 2.7% quarter-over-quarter.
  • 51 funds opened new CarMax positions in Q4 2013 and 39 closed out, a net change of +12 holders.
  • The largest CarMax buyer in Q4 2013 was Wells Fargo, an estimated $67M added.
  • The largest CarMax seller in Q4 2013 was SAC Capital Advisors, an estimated $33.1M sold.

Based on aggregated 13F filings for Q4 2013.