CarMax
560 hedge funds and large institutions have $8.92B invested in CarMax in 2020 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 183 increasing their positions, 239 reducing their positions, and 129 closing their positions.
26% more call options, than puts
Call options by funds: $90.2M | Put options by funds: $71.7M
1.04% more ownership
Funds ownership: 100.37% → 101.41% (+1%)
12% less funds holding
Funds holding: 638 → 560 (-78)
23% less repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 239
35% less funds holding in top 10
Funds holding in top 10: 34 → 22 (-12)
38% less capital invested
Capital invested by funds: $14.4B → $8.92B (-$5.52B)
57% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 129
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$208M |
| 2 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
+$171M |
| 3 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
+$122M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$103M |
| 5 |
SCA
Southpoint Capital Advisors
New York
|
+$72.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
-$126M |
| 2 |
D.E. Shaw & Co
New York
|
-$118M |
| 3 |
MAM
Madison Asset Management
Madison,
Wisconsin
|
-$64.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$62.3M |
| 5 |
Primecap Management
Pasadena,
California
|
-$52.7M |
KMX Hedge Fund Activity: Q1 2020 in Review
560 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2020, worth a combined $8.92B — down 38% from $14.4B a quarter earlier.
Sellers outnumbered buyers: 129 funds closed out of KMX and 56 opened new positions — a net loss of 73 holders — while 239 trimmed existing stakes and 183 added.
The largest buyer was Janus Henderson Group, adding an estimated $208M. The largest seller was Palestra Capital Management, exiting entirely with an estimated $126M sold.
- 560 institutional investors held CarMax (KMX) as of Q1 2020, down from 638 in Q4 2019.
- Funds reported $8.92B of CarMax stock for Q1 2020, down 38% quarter-over-quarter.
- 56 funds opened new CarMax positions in Q1 2020 and 129 closed out, a net change of -73 holders.
- The largest CarMax buyer in Q1 2020 was Janus Henderson Group, an estimated $208M added.
- The largest CarMax seller in Q1 2020 was Palestra Capital Management, an estimated $126M sold.
Based on aggregated 13F filings for Q1 2020.