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534 hedge funds and large institutions have $13.6B invested in CarMax in 2018 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 161 increasing their positions, 210 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 44

1% more capital invested

Capital invested by funds: $13.4B → $13.6B (+$176M)

0% less funds holding

Funds holding: 536534 (-2)

0.73% less ownership

Funds ownership: 104.36%103.62% (-0.73%)

21% less funds holding in top 10

Funds holding in top 10: 2822 (-6)

23% less repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 210

51% less call options, than puts

Call options by funds: $60.6M | Put options by funds: $123M

Holders
534
Holders Change
-2
Holders Change %
-0.37%
% of All Funds
12.21%
Holding in Top 10
22
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-21.43%
% of All Funds
0.5%
New
46
Increased
161
Reduced
210
Closed
44
Calls
$60.6M
Puts
$123M
Net Calls
-$62.8M
Net Calls Change
-$184M
Name Holding Trade Value Shares
Change
Change in
Stake
Norges Bank
26
Norges Bank
Norway
$99.9M -$1.11M -14,500 -1%
MIH
27
Madison Investment Holdings
Wisconsin
$99.7M +$838K +10,993 +0.8%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$94.8M -$986K -12,923 -1%
Dimensional Fund Advisors
29
Dimensional Fund Advisors
Texas
$93M -$2.25M -29,452 -2%
GC
30
Giverny Capital
Quebec, Canada
$87.3M +$4.7M +61,604 +6%
SCM
31
Sterling Capital Management
North Carolina
$85.8M -$4.17M -54,681 -5%
Kovitz Investment Group Partners
32
Kovitz Investment Group Partners
Illinois
$81.6M -$4.41M -57,829 -5%
William Blair & Company
33
William Blair & Company
Illinois
$81.1M +$19.2M +251,554 +30%
WF
34
Welch & Forbes
Massachusetts
$79.3M -$471K -6,173 -0.6%
O
35
OppenheimerFunds
New York
$77.3M -$94.4M -1,237,833 -54%
HAM
36
HHR Asset Management
New Jersey
$74.7M +$33.9M +444,887 +80%
Wells Fargo
37
Wells Fargo
California
$71.9M +$2.82M +36,934 +4%
MAMU
38
Marathon Asset Management (UK)
United Kingdom
$71.4M -$1.62M -21,198 -2%
FAM
39
Fenimore Asset Management
New York
$70.1M -$59.5K -780 -0.1%
EIP
40
Epoch Investment Partners
New York
$68.1M +$15.4M +202,366 +29%
Deutsche Bank
41
Deutsche Bank
Germany
$63.9M +$35.3M +462,789 +118%
Calamos Advisors
42
Calamos Advisors
Illinois
$61.2M +$6.87M +90,107 +12%
Legal & General Group
43
Legal & General Group
United Kingdom
$60.9M +$218K +2,864 +0.4%
SP
44
Sarasin & Partners
United Kingdom
$59.4M -$1.19M -15,571 -2%
Millennium Management
45
Millennium Management
New York
$59.2M +$23.2M +303,581 +62%
MVIP
46
Mar Vista Investment Partners
California
$58M +$15.9M +208,998 +37%
CCM
47
Check Capital Management
California
$56.2M -$3.7M -48,497 -6%
WM
48
WS Management
Florida
$55.8M
Charles Schwab
49
Charles Schwab
California
$55.5M +$1.42M +18,682 +3%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$53.2M +$5.56M +72,883 +11%

KMX Hedge Fund Activity: Q3 2018 in Review

534 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2018, worth a combined $13.6B — up 1.3% from $13.4B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new KMX positions and 44 closed out — a net gain of 2 holders — while 161 added to existing stakes and 210 trimmed.

The largest buyer was Bank of America, adding an estimated $91M. The largest seller was Harris Associates, cutting an estimated $137M.

  • 534 institutional investors held CarMax (KMX) as of Q3 2018, down from 536 in Q2 2018.
  • Funds reported $13.6B of CarMax stock for Q3 2018, up 1.3% quarter-over-quarter.
  • 46 funds opened new CarMax positions in Q3 2018 and 44 closed out, a net change of +2 holders.
  • The largest CarMax buyer in Q3 2018 was Bank of America, an estimated $91M added.
  • The largest CarMax seller in Q3 2018 was Harris Associates, an estimated $137M sold.

Based on aggregated 13F filings for Q3 2018.