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.
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)
Top Buyers
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$80.2M |
| 2 |
Primecap Management
Pasadena,
California
|
+$79.4M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$79.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$75.1M |
| 5 |
Harris Associates
Chicago,
Illinois
|
+$65.3M |
Top Sellers
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.