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680 hedge funds and large institutions have $19.9B invested in CarMax in 2021 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 236 increasing their positions, 231 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 50

2% more repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 231

0% more funds holding

Funds holding: 677680 (+3)

2% less capital invested

Capital invested by funds: $20.3B → $19.9B (-$416M)

1.21% less ownership

Funds ownership: 96.5%95.28% (-1.2%)

11% less funds holding in top 10

Funds holding in top 10: 2724 (-3)

26% less call options, than puts

Call options by funds: $198M | Put options by funds: $269M

Holders
680
Holders Change
+3
Holders Change %
+0.44%
% of All Funds
11.9%
Holding in Top 10
24
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-11.11%
% of All Funds
0.42%
New
63
Increased
236
Reduced
231
Closed
50
Calls
$198M
Puts
$269M
Net Calls
-$71M
Net Calls Change
-$89.6M
Name Holding Trade Value Shares
Change
Change in
Stake
DC
26
Davenport & Co
Virginia
$171M -$10.9M -81,775 -6%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$153M -$2.67M -20,082 -2%
GC
28
Giverny Capital
Quebec, Canada
$148M +$6.48M +48,715 +4%
BRIM
29
Broad Run Investment Management
Virginia
$145M -$661K -4,966 -0.4%
TPI
30
Tesco Pension Investment
United Kingdom
$144M +$49.8M +374,209 +50%
Legal & General Group
31
Legal & General Group
United Kingdom
$141M +$2.48M +18,649 +2%
MAMU
32
Marathon Asset Management (UK)
United Kingdom
$133M -$4.25M -31,968 -3%
WF
33
Welch & Forbes
Massachusetts
$131M -$288K -2,161 -0.2%
Wells Fargo
34
Wells Fargo
California
$129M +$24.3M +182,229 +22%
Morgan Stanley
35
Morgan Stanley
New York
$120M -$3.82M -28,696 -3%
FAM
36
Fenimore Asset Management
New York
$111M -$248K -1,863 -0.2%
Deutsche Bank
37
Deutsche Bank
Germany
$109M +$7.06M +53,067 +7%
MIS
38
Morningstar Investment Services
Illinois
$101M +$2.19M +16,431 +2%
Charles Schwab
39
Charles Schwab
California
$101M +$1.83M +13,734 +2%
TAM
40
Timucuan Asset Management
Florida
$91.5M +$4.78M +35,892 +5%
T. Rowe Price Associates
41
T. Rowe Price Associates
Maryland
$89M +$527K +3,959 +0.6%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$84.5M +$3.5M +26,288 +4%
Swiss National Bank
43
Swiss National Bank
Switzerland
$82.5M -$2.36M -17,700 -3%
Goldman Sachs
44
Goldman Sachs
New York
$81.6M +$26.1M +195,784 +44%
UBS AM
45
UBS AM
Illinois
$80.7M +$1.2M +9,009 +1%
Neuberger Berman Group
46
Neuberger Berman Group
New York
$79.9M +$178K +1,341 +0.2%
MAM
47
Madison Asset Management
Wisconsin
$77.4M -$16.5K -124 -0%
PPA
48
Parametric Portfolio Associates
Washington
$71.7M +$6.01M +45,197 +9%
Fiera Capital (Canada)
49
Fiera Capital (Canada)
Quebec, Canada
$71.5M -$777K -5,837 -1%
Kovitz Investment Group Partners
50
Kovitz Investment Group Partners
Illinois
$70.8M -$2M -15,040 -3%

KMX Hedge Fund Activity: Q3 2021 in Review

680 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2021, worth a combined $19.9B — down 2% from $20.3B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new KMX positions and 50 closed out — a net gain of 13 holders — while 236 added to existing stakes and 231 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $99.1M. The largest seller was JP Morgan Chase, cutting an estimated $109M.

  • 680 institutional investors held CarMax (KMX) as of Q3 2021, up from 677 in Q2 2021.
  • Funds reported $19.9B of CarMax stock for Q3 2021, down 2% quarter-over-quarter.
  • 63 funds opened new CarMax positions in Q3 2021 and 50 closed out, a net change of +13 holders.
  • The largest CarMax buyer in Q3 2021 was Manulife (Manufacturers Life Insurance), an estimated $99.1M added.
  • The largest CarMax seller in Q3 2021 was JP Morgan Chase, an estimated $109M sold.

Based on aggregated 13F filings for Q3 2021.