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CarMax
KMX

484 hedge funds and large institutions have $14.9B invested in CarMax in 2017 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 145 increasing their positions, 195 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

97% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 34

18% more call options, than puts

Call options by funds: $247M | Put options by funds: $210M

16% more capital invested

Capital invested by funds: $12.9B → $14.9B (+$2.02B)

6% more funds holding

Funds holding: 457 → 484 (+27)

0% more funds holding in top 10

Funds holding in top 10: 25 → 25 (0)

1.47% less ownership

Funds ownership: 109.53% → 108.06% (-1.5%)

26% less repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 195

Holders
484
Holders Change
+27
Holders Change %
+5.91%
% of All Funds
12.07%
Holding in Top 10
25
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.62%
New
67
Increased
145
Reduced
195
Closed
34
Calls
$247M
Puts
$210M
Net Calls
+$37.1M
Net Calls Change
-$333M

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$281M
2
Renaissance Technologies
Renaissance Technologies
New York
+$68.4M
3
MCL
MIK Capital LLC
New York
+$34.7M
4
Goldman Sachs
Goldman Sachs
New York
+$32.8M
5
SAM
Scopus Asset Management
New York
+$28.4M

Top Sellers

Rank Fund Capital Flow
1
Nordea Investment Management
Nordea Investment Management
Sweden
-$127M
2
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$108M
3
MCM
Melvin Capital Management
New York
-$106M
4
Brown Advisory
Brown Advisory
Maryland
-$86M
5
Primecap Management
Primecap Management
California
-$71.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
GH
501
GAM Holding
Switzerland
– -$1.7M -27,026 Closed
PRS
502
Pinkerton Retirement Specialists
Idaho
– -$1.3M -20,610 Closed
PCC
503
Park Circle Company
Maryland
– -$1.2M -19,038 Closed
BLA
504
Balter Liquid Alternatives
Massachusetts
– -$1.01M -16,063 Closed
EMG
505
Ellington Management Group
Connecticut
– -$826K -13,100 Closed
BCM
506
BlueCrest Capital Management
Jersey
– -$548K -8,685 Closed
KCM
507
Karp Capital Management
California
– -$315K -5,000 Closed
HW
508
Hedeker Wealth
Illinois
– -$292K -4,644 Closed
GC
509
Gilbert & Cook
Iowa
– -$270K -4,283 Closed
TG
510
TLP Group
Illinois
– -$267K -4,000 Closed
SGCA
511
Steel Grove Capital Advisors
Tennessee
– -$221K -3,500 Closed
SG
512
StoneX Group
New York
– -$211K -3,347 Closed
NA
513
NewEdge Advisors
Louisiana
– -$94.8K -1,476 Closed
CAL
514
Capital Advisors Ltd
Ohio
– -$50K -800 Closed
PFO
515
Pathstone Family Office
New Jersey
– -$34K -536 Closed
CTC
516
Central Trust Company
Missouri
– -$8K -130 Closed
FC
517
Ferris Capital
Massachusetts
– -$7K -111 Closed
17 18 19 20
21

KMX Hedge Fund Activity: Q3 2017 in Review

484 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2017, worth a combined $14.9B — up 16% from $12.9B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new KMX positions and 34 closed out — a net gain of 33 holders — while 145 added to existing stakes and 195 trimmed.

The largest buyer was Deutsche Bank, adding an estimated $281M. The largest seller was Nordea Investment Management, cutting an estimated $127M.

  • 484 institutional investors held CarMax (KMX) as of Q3 2017, up from 457 in Q2 2017.
  • Funds reported $14.9B of CarMax stock for Q3 2017, up 16% quarter-over-quarter.
  • 67 funds opened new CarMax positions in Q3 2017 and 34 closed out, a net change of +33 holders.
  • The largest CarMax buyer in Q3 2017 was Deutsche Bank, an estimated $281M added.
  • The largest CarMax seller in Q3 2017 was Nordea Investment Management, an estimated $127M sold.

Based on aggregated 13F filings for Q3 2017.