We are live on ! Find out more

516 hedge funds and large institutions have $11.7B invested in CarMax in 2017 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 178 increasing their positions, 184 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 50

7% more funds holding

Funds holding: 484516 (+32)

8% more call options, than puts

Call options by funds: $142M | Put options by funds: $131M

3% less repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 184

6.77% less ownership

Funds ownership: 108.06%101.29% (-6.8%)

21% less capital invested

Capital invested by funds: $14.9B → $11.7B (-$3.17B)

36% less funds holding in top 10

Funds holding in top 10: 2516 (-9)

Holders
516
Holders Change
+32
Holders Change %
+6.61%
% of All Funds
11.7%
Holding in Top 10
16
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-36%
% of All Funds
0.36%
New
82
Increased
178
Reduced
184
Closed
50
Calls
$142M
Puts
$131M
Net Calls
+$10.8M
Net Calls Change
-$26.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$89.2M +$1.09M +15,329 +1%
Norges Bank
27
Norges Bank
Norway
$86.9M +$27.8M +389,177 +40%
Renaissance Technologies
28
Renaissance Technologies
New York
$86.6M +$14.3M +200,600 +17%
Goldman Sachs
29
Goldman Sachs
New York
$82.7M -$105M -1,465,632 -53%
Deutsche Bank
30
Deutsche Bank
Germany
$78M -$251M -3,516,706 -74%
SCM
31
Sirios Capital Management
Massachusetts
$78M +$39M +546,024 +81%
Dimensional Fund Advisors
32
Dimensional Fund Advisors
Texas
$76.7M +$858K +12,023 +1%
MIH
33
Madison Investment Holdings
Wisconsin
$71.5M +$15.2M +212,594 +24%
IC
34
Immersion Capital
United Kingdom
$69.7M +$9.35M +131,000 +14%
WF
35
Welch & Forbes
Massachusetts
$69.2M -$171K -2,393 -0.2%
GC
36
Giverny Capital
Quebec, Canada
$66.2M +$6.97M +97,703 +10%
Russell Investments Group
37
Russell Investments Group
United Kingdom
$64.9M -$20.4M -285,296 -22%
WM
38
WS Management
Florida
$63.4M -$5.05M -70,800 -7%
Wells Fargo
39
Wells Fargo
California
$61.3M -$1.19M -16,723 -2%
AC
40
Avenir Corporation
Virginia
$60.5M -$9.77M -136,960 -13%
Legal & General Group
41
Legal & General Group
United Kingdom
$59.1M -$756K -10,601 -1%
SP
42
Sarasin & Partners
United Kingdom
$58.1M +$1.64M +22,957 +3%
FAM
43
Fenimore Asset Management
New York
$57.5M +$1.29M +18,115 +2%
Morgan Stanley
44
Morgan Stanley
New York
$56.9M +$36.7M +514,245 +138%
OC
45
Oppenheimer & Co
New York
$55.4M -$1.49M -20,921 -2%
Bank of America
46
Bank of America
North Carolina
$54.2M -$24.3M -341,046 -29%
William Blair Investment Management
47
William Blair Investment Management
Illinois
$53M -$29.9M -419,671 -34%
MAMU
48
Marathon Asset Management (UK)
United Kingdom
$48.3M +$866K +12,139 +2%
William Blair & Company
49
William Blair & Company
Illinois
$48.1M -$105K -1,471 -0.2%
Mitsubishi UFJ Trust & Banking
50
Mitsubishi UFJ Trust & Banking
Japan
$44.6M -$21.4M -300,071 -30%

KMX Hedge Fund Activity: Q4 2017 in Review

516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2017, worth a combined $11.7B — down 21% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new KMX positions and 50 closed out — a net gain of 32 holders — while 178 added to existing stakes and 184 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $273M. The largest seller was Baillie Gifford & Co, cutting an estimated $361M.

  • 516 institutional investors held CarMax (KMX) as of Q4 2017, up from 484 in Q3 2017.
  • Funds reported $11.7B of CarMax stock for Q4 2017, down 21% quarter-over-quarter.
  • 82 funds opened new CarMax positions in Q4 2017 and 50 closed out, a net change of +32 holders.
  • The largest CarMax buyer in Q4 2017 was OppenheimerFunds, an estimated $273M added.
  • The largest CarMax seller in Q4 2017 was Baillie Gifford & Co, an estimated $361M sold.

Based on aggregated 13F filings for Q4 2017.