CarMax
468 hedge funds and large institutions have $11.9B invested in CarMax in 2017 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 140 increasing their positions, 201 reducing their positions, and 46 closing their positions.
309% more call options, than puts
Call options by funds: $473M | Put options by funds: $116M
13% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 46
1% less funds holding
Funds holding: 471 → 468 (-3)
1.68% less ownership
Funds ownership: 108.76% → 107.07% (-1.7%)
9% less capital invested
Capital invested by funds: $13.1B → $11.9B (-$1.24B)
22% less funds holding in top 10
Funds holding in top 10: 27 → 21 (-6)
30% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 201
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$699M |
| 2 |
MCM
Melvin Capital Management
New York
|
+$182M |
| 3 |
D.E. Shaw & Co
New York
|
+$99.6M |
| 4 |
SAM
Scopus Asset Management
New York
|
+$65.6M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$59.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
-$127M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$114M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$113M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$112M |
| 5 |
ClearBridge Investments
New York
|
-$71.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFM
501
North Forty Management
Seattle,
Washington
| – | -$40K | -622 | Closed |
|
|
PIA
502
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$34.7K | -539 | Closed |
|
|
CGT
503
Capital Guardian Trust
Los Angeles,
California
| – | -$19K | -300 | Closed |
|
|
PSUF
504
People's United Financial
Bridgeport,
Connecticut
| – | -$19K | -300 | Closed |
|
|
HR
505
Howe & Rusling
Rochester,
New York
| – | -$8K | -124 | Closed |
|
|
EF
506
Empirical Finance
Havertown,
Pennsylvania
| – | -$7K | -98 | Closed |
|
507
EARNEST Partners
Atlanta,
Georgia
| – | -$6K | -90 | Closed |
|
|
FAN
508
Financial Advisors Network
Tustin,
California
| – | -$3.91K | -58 | Closed |
|
|
EWM
509
Evercore Wealth Management
New York
| – | -$1K | -21 | Closed |
|
|
WTB
510
Washington Trust Bank
Spokane,
Washington
| – | -$1K | -15 | Closed |
|
|
PMFA
511
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$1K | -13 | Closed |
|
|
MC
512
Maplelane Capital
New York
| – | +$65 | +1 | New |
|
|
PFO
513
Pathstone Family Office
Englewood,
New Jersey
| – | +$455 | +7 | New |
|
KMX Hedge Fund Activity: Q1 2017 in Review
468 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2017, worth a combined $11.9B — down 9.5% from $13.1B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new KMX positions and 46 closed out — a net gain of 6 holders — while 140 added to existing stakes and 201 trimmed.
The largest buyer was BlackRock, adding an estimated $699M. The largest seller was Primecap Management, cutting an estimated $127M.
- 468 institutional investors held CarMax (KMX) as of Q1 2017, down from 471 in Q4 2016.
- Funds reported $11.9B of CarMax stock for Q1 2017, down 9.5% quarter-over-quarter.
- 52 funds opened new CarMax positions in Q1 2017 and 46 closed out, a net change of +6 holders.
- The largest CarMax buyer in Q1 2017 was BlackRock, an estimated $699M added.
- The largest CarMax seller in Q1 2017 was Primecap Management, an estimated $127M sold.
Based on aggregated 13F filings for Q1 2017.