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CarMax
KMX

404 hedge funds and large institutions have $14.3B invested in CarMax in 2014 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 122 increasing their positions, 170 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more funds holding in top 10

Funds holding in top 10: 9 → 21 (+12)

115% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 27

41% more capital invested

Capital invested by funds: $10.2B → $14.3B (+$4.13B)

7% more funds holding

Funds holding: 377 → 404 (+27)

0.95% more ownership

Funds ownership: 102.13% → 103.08% (+0.95%)

28% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 170

34% less call options, than puts

Call options by funds: $95.5M | Put options by funds: $144M

Holders
404
Holders Change
+27
Holders Change %
+7.16%
% of All Funds
10.78%
Holding in Top 10
21
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+133.33%
% of All Funds
0.56%
New
58
Increased
122
Reduced
170
Closed
27
Calls
$95.5M
Puts
$144M
Net Calls
-$48.3M
Net Calls Change
+$12.9M

Top Buyers

1
BCPEM
Bain Capital Public Equity Management
Massachusetts
+$110M
2
Deutsche Bank
Deutsche Bank
Germany
+$91M
3
SAM
Scopus Asset Management
New York
+$66.3M
4
JWBC
John W. Bristol & Co
New York
+$51M
5
ABI
Abrams Bison Investments
Maryland
+$36M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$185M
2
Wells Fargo
Wells Fargo
California
-$173M
3
WM
WS Management
Florida
-$49M
4
Capital World Investors
Capital World Investors
California
-$41.8M
5
ACM
Atlanta Capital Management
Georgia
-$38.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$119M -$15.3M -275,955 -13%
Norges Bank
27
Norges Bank
Norway
$114M – – –
ACM
28
AKRE Capital Management
Virginia
$113M +$28M +505,000 +42%
BG
29
BlackRock Group
United Kingdom
$107M +$4.51M +81,260 +5%
Geode Capital Management
30
Geode Capital Management
Massachusetts
$107M +$2.07M +37,247 +2%
DDC
31
DF Dent & Co
Maryland
$107M -$3.89M -70,095 -4%
WM
32
WS Management
Florida
$104M -$49M -884,400 -36%
SAM
33
Scopus Asset Management
New York
$98.3M +$66.3M +1,196,200 +427%
Brown Advisory
34
Brown Advisory
Maryland
$96.8M +$1.73M +31,157 +2%
AC
35
Avenir Corporation
Virginia
$86.6M -$1.95M -35,120 -3%
Mitsubishi UFJ Trust & Banking
36
Mitsubishi UFJ Trust & Banking
Japan
$81.6M -$3.97M -71,530 -6%
FPA
37
First Pacific Advisors
California
$80.2M – – –
WF
38
Welch & Forbes
Massachusetts
$74.9M -$231K -4,174 -0.4%
TCM
39
Tiger Consumer Management
New York
$72.8M -$34.7M -625,118 -36%
Legal & General Group
40
Legal & General Group
United Kingdom
$63.2M -$1.64M -29,492 -3%
JWBC
41
John W. Bristol & Co
New York
$61.2M +$51M +919,090 New
KI
42
Kalmar Investments
Delaware
$58.4M -$12.7M -228,415 -21%
FAM
43
Fenimore Asset Management
New York
$56.3M -$210K -3,794 -0.4%
William Blair & Company
44
William Blair & Company
Illinois
$52.9M +$12.7M +228,556 +40%
Bank of America
45
Bank of America
North Carolina
$52.8M +$20.4M +368,256 +87%
UBS AM
46
UBS AM
Illinois
$51M -$282K -5,080 -0.7%
CC
47
Cannell & Co
New York
$48.9M -$29.8M -537,572 -42%
MIH
48
Madison Investment Holdings
Wisconsin
$48.2M -$22M -397,567 -35%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$45.3M +$3.29M +59,301 +10%
KIG
50
Kovitz Investment Group
Illinois
$44.5M -$12.5M -224,884 -25%
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KMX Hedge Fund Activity: Q4 2014 in Review

404 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2014, worth a combined $14.3B — up 41% from $10.2B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new KMX positions and 27 closed out — a net gain of 31 holders — while 122 added to existing stakes and 170 trimmed.

The largest buyer was Bain Capital Public Equity Management, opening a new position worth an estimated $110M. The largest seller was T. Rowe Price Associates, cutting an estimated $185M.

  • 404 institutional investors held CarMax (KMX) as of Q4 2014, up from 377 in Q3 2014.
  • Funds reported $14.3B of CarMax stock for Q4 2014, up 41% quarter-over-quarter.
  • 58 funds opened new CarMax positions in Q4 2014 and 27 closed out, a net change of +31 holders.
  • The largest CarMax buyer in Q4 2014 was Bain Capital Public Equity Management, an estimated $110M added.
  • The largest CarMax seller in Q4 2014 was T. Rowe Price Associates, an estimated $185M sold.

Based on aggregated 13F filings for Q4 2014.