CarMax
484 hedge funds and large institutions have $14.9B invested in CarMax in 2017 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 145 increasing their positions, 195 reducing their positions, and 34 closing their positions.
97% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 34
18% more call options, than puts
Call options by funds: $247M | Put options by funds: $210M
16% more capital invested
Capital invested by funds: $12.9B → $14.9B (+$2.02B)
6% more funds holding
Funds holding: 457 → 484 (+27)
0% more funds holding in top 10
Funds holding in top 10: 25 → 25 (0)
1.47% less ownership
Funds ownership: 109.53% → 108.06% (-1.5%)
26% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 195
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$281M |
| 2 |
Renaissance Technologies
New York
|
+$68.4M |
| 3 |
MCL
MIK Capital LLC
New York
|
+$34.7M |
| 4 |
Goldman Sachs
New York
|
+$32.8M |
| 5 |
SAM
Scopus Asset Management
New York
|
+$28.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
-$127M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$108M |
| 3 |
MCM
Melvin Capital Management
New York
|
-$106M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
-$86M |
| 5 |
Primecap Management
Pasadena,
California
|
-$71.2M |
KMX Hedge Fund Activity: Q3 2017 in Review
484 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2017, worth a combined $14.9B — up 16% from $12.9B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new KMX positions and 34 closed out — a net gain of 33 holders — while 145 added to existing stakes and 195 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $281M. The largest seller was Nordea Investment Management, cutting an estimated $127M.
- 484 institutional investors held CarMax (KMX) as of Q3 2017, up from 457 in Q2 2017.
- Funds reported $14.9B of CarMax stock for Q3 2017, up 16% quarter-over-quarter.
- 67 funds opened new CarMax positions in Q3 2017 and 34 closed out, a net change of +33 holders.
- The largest CarMax buyer in Q3 2017 was Deutsche Bank, an estimated $281M added.
- The largest CarMax seller in Q3 2017 was Nordea Investment Management, an estimated $127M sold.
Based on aggregated 13F filings for Q3 2017.