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735 hedge funds and large institutions have $19.7B invested in CarMax in 2021 Q4 according to their latest regulatory filings, with 116 funds opening new positions, 236 increasing their positions, 256 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 116 | Existing positions closed: 55

8% more funds holding

Funds holding: 680735 (+55)

1.05% more ownership

Funds ownership: 95.28%96.33% (+1%)

1% less capital invested

Capital invested by funds: $19.9B → $19.7B (-$132M)

8% less repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 256

8% less funds holding in top 10

Funds holding in top 10: 2422 (-2)

13% less call options, than puts

Call options by funds: $168M | Put options by funds: $192M

Holders
735
Holders Change
+55
Holders Change %
+8.09%
% of All Funds
11.31%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.34%
New
116
Increased
236
Reduced
256
Closed
55
Calls
$168M
Puts
$192M
Net Calls
-$24.7M
Net Calls Change
+$46.3M
Name Holding Trade Value Shares
Change
Change in
Stake
TPI
26
Tesco Pension Investment
United Kingdom
$150M +$4.14M +29,555 +3%
BRIM
27
Broad Run Investment Management
Virginia
$150M +$2.55M +18,196 +2%
GC
28
Giverny Capital
Quebec, Canada
$144M -$7.05M -50,340 -4%
Legal & General Group
29
Legal & General Group
United Kingdom
$136M -$8.18M -58,382 -5%
Morgan Stanley
30
Morgan Stanley
New York
$134M +$12.9M +92,118 +10%
WF
31
Welch & Forbes
Massachusetts
$132M -$1.35M -9,676 -0.9%
Wells Fargo
32
Wells Fargo
California
$131M -$347K -2,478 -0.2%
FAM
33
Fenimore Asset Management
New York
$112M -$1.61M -11,508 -1%
MIS
34
Morningstar Investment Services
Illinois
$109M +$19.9M +141,998 +21%
Charles Schwab
35
Charles Schwab
California
$105M +$2.04M +14,559 +2%
Norges Bank
36
Norges Bank
Norway
$100M -$98.2M -700,937 -48%
Deutsche Bank
37
Deutsche Bank
Germany
$97.7M -$14.5M -103,893 -12%
TAM
38
Timucuan Asset Management
Florida
$96.1M +$3.24M +23,119 +3%
T. Rowe Price Associates
39
T. Rowe Price Associates
Maryland
$84.6M -$6.47M -46,240 -7%
UBS AM
40
UBS AM
Illinois
$82.1M +$24.9K +178 +0%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$81.3M -$5.08M -36,269 -5%
Swiss National Bank
42
Swiss National Bank
Switzerland
$80.7M -$3.6M -25,700 -4%
MAM
43
Madison Asset Management
Wisconsin
$77.5M -$1.39M -9,901 -2%
Neuberger Berman Group
44
Neuberger Berman Group
New York
$76.3M -$5.32M -37,963 -6%
WIM
45
Weitz Investment Management
Nebraska
$74.9M +$4.24M +30,300 +6%
PPA
46
Parametric Portfolio Associates
Washington
$74.3M +$1.44M +10,266 +2%
Fiera Capital (Canada)
47
Fiera Capital (Canada)
Quebec, Canada
$70.3M -$2.74M -19,541 -3%
WCM
48
Wedge Capital Management
North Carolina
$69.8M +$6.35M +45,339 +9%
CCM
49
Check Capital Management
California
$67.2M -$455K -3,247 -0.6%
Marshall Wace
50
Marshall Wace
United Kingdom
$66.6M +$39.3M +280,673 +122%

KMX Hedge Fund Activity: Q4 2021 in Review

735 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2021, worth a combined $19.7B — down 0.67% from $19.9B a quarter earlier.

Buyers outnumbered sellers: 116 funds opened new KMX positions and 55 closed out — a net gain of 61 holders — while 236 added to existing stakes and 256 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $589M. The largest seller was Wellington Management Group, cutting an estimated $134M.

  • 735 institutional investors held CarMax (KMX) as of Q4 2021, up from 680 in Q3 2021.
  • Funds reported $19.7B of CarMax stock for Q4 2021, down 0.67% quarter-over-quarter.
  • 116 funds opened new CarMax positions in Q4 2021 and 55 closed out, a net change of +61 holders.
  • The largest CarMax buyer in Q4 2021 was Capital Research Global Investors, an estimated $589M added.
  • The largest CarMax seller in Q4 2021 was Wellington Management Group, an estimated $134M sold.

Based on aggregated 13F filings for Q4 2021.