CarMax
457 hedge funds and large institutions have $12.9B invested in CarMax in 2017 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 171 increasing their positions, 168 reducing their positions, and 53 closing their positions.
161% more call options, than puts
Call options by funds: $600M | Put options by funds: $230M
19% more funds holding in top 10
Funds holding in top 10: 21 → 25 (+4)
8% more capital invested
Capital invested by funds: $11.9B → $12.9B (+$1.01B)
2.46% more ownership
Funds ownership: 107.07% → 109.53% (+2.5%)
2% more repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 168
2% less funds holding
Funds holding: 468 → 457 (-11)
15% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
+$115M |
| 2 |
D.E. Shaw & Co
New York
|
+$90.4M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
+$49.7M |
| 4 |
LCM
Laurion Capital Management
New York
|
+$47M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$42.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$79.2M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$70.9M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$59.8M |
| 4 |
DCM
Dorsal Capital Management
Redwood City,
California
|
-$42.3M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$33.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DILIC
501
Dai-ichi Life Insurance Company
Tokyo,
Japan
| – | -$203K | -3,430 | Closed |
|
|
CIAN
502
Capstone Investment Advisors (Netherlands)
New York
| – | -$197K | -3,334 | Closed |
|
503
ClearBridge Investments
New York
| – | -$141K | -2,389 | Closed |
|
|
ACS
504
Archford Capital Strategies
Swansea,
Illinois
| – | -$75K | -1,264 | Closed |
|
|
FHA
505
First Horizon Advisors
Memphis,
Tennessee
| – | -$48K | -817 | Closed |
|
|
IR
506
Invictus RG
Hamilton,
Bermuda
| – | -$13K | -222 | Closed |
|
|
AF
507
Arrow Financial
Glens Falls,
New York
| – | -$12K | -200 | Closed |
|
|
WP
508
WealthPLAN Partners
Omaha,
Nebraska
| – | -$11.3K | -200 | Closed |
|
|
EFSCE
509
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$2K | -26 | Closed |
|
KMX Hedge Fund Activity: Q2 2017 in Review
457 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2017, worth a combined $12.9B — up 8.5% from $11.9B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of KMX and 45 opened new positions — a net loss of 8 holders — while 168 trimmed existing stakes and 171 added.
The largest buyer was Nordea Investment Management, adding an estimated $115M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $79.2M sold.
- 457 institutional investors held CarMax (KMX) as of Q2 2017, down from 468 in Q1 2017.
- Funds reported $12.9B of CarMax stock for Q2 2017, up 8.5% quarter-over-quarter.
- 45 funds opened new CarMax positions in Q2 2017 and 53 closed out, a net change of -8 holders.
- The largest CarMax buyer in Q2 2017 was Nordea Investment Management, an estimated $115M added.
- The largest CarMax seller in Q2 2017 was Alyeska Investment Group, an estimated $79.2M sold.
Based on aggregated 13F filings for Q2 2017.