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423 hedge funds and large institutions have $14.6B invested in CarMax in 2015 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 130 increasing their positions, 180 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 34

5% more funds holding

Funds holding: 404423 (+19)

2% more capital invested

Capital invested by funds: $14.3B → $14.6B (+$320M)

0% less call options, than puts

Call options by funds: $78.4M | Put options by funds: $78.8M

0.98% less ownership

Funds ownership: 103.08%102.1% (-0.98%)

10% less funds holding in top 10

Funds holding in top 10: 2119 (-2)

28% less repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 180

Holders
423
Holders Change
+19
Holders Change %
+4.7%
% of All Funds
11.27%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.51%
New
59
Increased
130
Reduced
180
Closed
34
Calls
$78.4M
Puts
$78.8M
Net Calls
-$308K
Net Calls Change
+$48M
Name Holding Trade Value Shares
Change
Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$124M +$601K +9,216 +0.5%
Norges Bank
27
Norges Bank
Norway
$120M +$1.36M +20,837 +1%
ACM
28
AKRE Capital Management
Virginia
$117M
Geode Capital Management
29
Geode Capital Management
Massachusetts
$112M +$1.75M +26,784 +2%
BG
30
BlackRock Group
United Kingdom
$108M -$3.09M -47,435 -3%
Brown Advisory
31
Brown Advisory
Maryland
$102M +$1.88M +28,843 +2%
WM
32
WS Management
Florida
$90.5M -$16.5M -253,500 -16%
AC
33
Avenir Corporation
Virginia
$87.9M -$1.71M -26,253 -2%
DDC
34
DF Dent & Co
Maryland
$87.8M -$21.4M -327,973 -20%
Mitsubishi UFJ Trust & Banking
35
Mitsubishi UFJ Trust & Banking
Japan
$82.3M -$2.18M -33,494 -3%
FPA
36
First Pacific Advisors
California
$81.1M -$1.9M -29,100 -2%
WF
37
Welch & Forbes
Massachusetts
$75.6M -$1.92M -29,376 -3%
Point72 Asset Management
38
Point72 Asset Management
Connecticut
$71.4M +$67.5M +1,034,600 New
SAM
39
Scopus Asset Management
New York
$65.6M -$34.3M -526,200 -36%
Legal & General Group
40
Legal & General Group
United Kingdom
$62.8M -$2.56M -39,251 -4%
Goldman Sachs
41
Goldman Sachs
New York
$59.5M +$21.4M +328,289 +61%
JWBC
42
John W. Bristol & Co
New York
$57.9M -$5.23M -80,211 -9%
William Blair & Company
43
William Blair & Company
Illinois
$55.1M +$179K +2,739 +0.3%
CC
44
Cannell & Co
New York
$51.8M +$1.09M +16,783 +2%
FAM
45
Fenimore Asset Management
New York
$51.5M -$6.48M -99,452 -12%
UBS AM
46
UBS AM
Illinois
$48.8M -$3.91M -59,970 -8%
Dimensional Fund Advisors
47
Dimensional Fund Advisors
Texas
$46.4M +$1.33M +20,458 +3%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$45.9M -$936K -14,356 -2%
Invesco
49
Invesco
Georgia
$45.7M +$3.57M +54,816 +9%
First Trust Advisors
50
First Trust Advisors
Illinois
$44.7M +$33.3M +510,353 +372%

KMX Hedge Fund Activity: Q1 2015 in Review

423 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2015, worth a combined $14.6B — up 2.2% from $14.3B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new KMX positions and 34 closed out — a net gain of 25 holders — while 130 added to existing stakes and 180 trimmed.

The largest buyer was Point72 Asset Management, opening a new position worth an estimated $67.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $114M.

  • 423 institutional investors held CarMax (KMX) as of Q1 2015, up from 404 in Q4 2014.
  • Funds reported $14.6B of CarMax stock for Q1 2015, up 2.2% quarter-over-quarter.
  • 59 funds opened new CarMax positions in Q1 2015 and 34 closed out, a net change of +25 holders.
  • The largest CarMax buyer in Q1 2015 was Point72 Asset Management, an estimated $67.5M added.
  • The largest CarMax seller in Q1 2015 was T. Rowe Price Associates, an estimated $114M sold.

Based on aggregated 13F filings for Q1 2015.