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638 hedge funds and large institutions have $14.4B invested in CarMax in 2019 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 201 increasing their positions, 230 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 44

9% more funds holding

Funds holding: 585638 (+53)

2% less capital invested

Capital invested by funds: $14.8B → $14.4B (-$367M)

1.77% less ownership

Funds ownership: 102.13%100.37% (-1.8%)

8% less funds holding in top 10

Funds holding in top 10: 3734 (-3)

13% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 230

36% less call options, than puts

Call options by funds: $106M | Put options by funds: $166M

Holders
638
Holders Change
+53
Holders Change %
+9.06%
% of All Funds
12.57%
Holding in Top 10
34
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-8.11%
% of All Funds
0.67%
New
108
Increased
201
Reduced
230
Closed
44
Calls
$106M
Puts
$166M
Net Calls
-$60.2M
Net Calls Change
-$8.99M
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
26
Palestra Capital Management
New York
$126M +$14.4M +152,729 +12%
Norges Bank
27
Norges Bank
Norway
$119M +$4.91M +52,149 +4%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$113M +$2.06M +21,861 +2%
William Blair & Company
29
William Blair & Company
Illinois
$104M +$2.85M +30,289 +3%
GC
30
Giverny Capital
Quebec, Canada
$103M -$5M -53,130 -4%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$99.8M +$428K +4,547 +0.4%
Legal & General Group
32
Legal & General Group
United Kingdom
$93.5M +$1.26M +13,429 +1%
Goldman Sachs
33
Goldman Sachs
New York
$92.6M -$65.1M -692,084 -40%
WF
34
Welch & Forbes
Massachusetts
$90.3M -$931K -9,892 -1%
FAM
35
Fenimore Asset Management
New York
$88.7M -$336K -3,576 -0.4%
EIP
36
Epoch Investment Partners
New York
$84.7M +$18M +191,534 +25%
Kovitz Investment Group Partners
37
Kovitz Investment Group Partners
Illinois
$81.5M -$5.61M -59,632 -6%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$77.7M +$3.22M +34,251 +4%
MAMU
39
Marathon Asset Management (UK)
United Kingdom
$76.2M -$14.1M -150,096 -15%
Truist Financial
40
Truist Financial
North Carolina
$74.8M +$79.7M +847,356 +14,749%
Capital Research Global Investors
41
Capital Research Global Investors
California
$74.7M +$14.2M +151,002 +22%
Charles Schwab
42
Charles Schwab
California
$69.8M +$272K +2,890 +0.4%
CCM
43
Check Capital Management
California
$65.1M -$2.1M -22,305 -3%
DWA
44
Douglass Winthrop Advisors
New York
$63.7M -$1.9M -20,165 -3%
AC
45
Avenir Corporation
Virginia
$59.8M +$65.7K +698 +0.1%
WIM
46
Weitz Investment Management
Nebraska
$59.3M -$12.8M -136,200 -17%
CC
47
Cannell & Co
New York
$58.9M -$6.57M -69,887 -9%
Deutsche Bank
48
Deutsche Bank
Germany
$57.3M -$13.5M -143,286 -18%
PPA
49
Parametric Portfolio Associates
Washington
$55.6M +$3.42M +36,314 +6%
Sumitomo Mitsui Trust Group
50
Sumitomo Mitsui Trust Group
Japan
$55.2M +$350K +3,725 +0.6%

KMX Hedge Fund Activity: Q4 2019 in Review

638 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2019, worth a combined $14.4B — down 2.5% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new KMX positions and 44 closed out — a net gain of 64 holders — while 201 added to existing stakes and 230 trimmed.

The largest buyer was Truist Financial, adding an estimated $79.7M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $176M.

  • 638 institutional investors held CarMax (KMX) as of Q4 2019, up from 585 in Q3 2019.
  • Funds reported $14.4B of CarMax stock for Q4 2019, down 2.5% quarter-over-quarter.
  • 108 funds opened new CarMax positions in Q4 2019 and 44 closed out, a net change of +64 holders.
  • The largest CarMax buyer in Q4 2019 was Truist Financial, an estimated $79.7M added.
  • The largest CarMax seller in Q4 2019 was Ruane, Cunniff & Goldfarb, an estimated $176M sold.

Based on aggregated 13F filings for Q4 2019.