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CarMax
KMX

516 hedge funds and large institutions have $11.7B invested in CarMax in 2017 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 178 increasing their positions, 184 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 50

7% more funds holding

Funds holding: 484 → 516 (+32)

8% more call options, than puts

Call options by funds: $142M | Put options by funds: $131M

3% less repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 184

6.77% less ownership

Funds ownership: 108.06% → 101.29% (-6.8%)

21% less capital invested

Capital invested by funds: $14.9B → $11.7B (-$3.17B)

36% less funds holding in top 10

Funds holding in top 10: 25 → 16 (-9)

Holders
516
Holders Change
+32
Holders Change %
+6.61%
% of All Funds
11.7%
Holding in Top 10
16
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-36%
% of All Funds
0.36%
New
82
Increased
178
Reduced
184
Closed
50
Calls
$142M
Puts
$131M
Net Calls
+$10.8M
Net Calls Change
-$26.3M

Top Buyers

Rank Fund Capital Flow
1
O
OppenheimerFunds
New York
+$273M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$62.3M
3
MVIP
Mar Vista Investment Partners
California
+$43.2M
4
SCM
Sirios Capital Management
Massachusetts
+$39M
5
Morgan Stanley
Morgan Stanley
New York
+$36.7M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$361M
2
DSA
Davis Selected Advisers
Arizona
-$290M
3
Deutsche Bank
Deutsche Bank
Germany
-$251M
4
RCG
Ruane, Cunniff & Goldfarb
New York
-$214M
5
Goldman Sachs
Goldman Sachs
New York
-$105M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
551
Private Advisor Group
New Jersey
– -$324K -4,262 Closed
SBIA
552
Sheaff Brock Investment Advisors
Indiana
– -$235K -3,095 Closed
SAM
553
Silvercrest Asset Management
New York
– -$220K -2,905 Closed
IRF
554
IBM Retirement Fund
New York
– -$208K -2,740 Closed
GAG
555
GM Advisory Group
New York
– -$207K -2,733 Closed
AUB
556
Atlantic Union Bankshares
Virginia
– -$206K -2,720 Closed
CB
557
Commerce Bank
Missouri
– -$203K -2,675 Closed
LOAME
558
Lombard Odier Asset Management (Europe)
United Kingdom
– -$202K -2,662 Closed
AC
559
Alexandria Capital
Virginia
– -$22K -293 Closed
WIM
560
Westside Investment Management
California
– -$12.3K -162 Closed
CPIG
561
Chicago Partners Investment Group
Illinois
– -$6K -75 Closed
NIC
562
Northwest Investment Counselors
Oregon
– -$4K -50 Closed
RA
563
Rational Advisors
New York
– -$4K -50 Closed
NFG
564
Next Financial Group
Texas
– -$2K -25 Closed
TDC
565
Thompson Davis & Co
Virginia
– -$2K -22 Closed
LFA
566
Legacy Financial Advisors
Kentucky
– +$428 +6 New
19 20 21 22
23

KMX Hedge Fund Activity: Q4 2017 in Review

516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2017, worth a combined $11.7B — down 21% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new KMX positions and 50 closed out — a net gain of 32 holders — while 178 added to existing stakes and 184 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $273M. The largest seller was Baillie Gifford & Co, cutting an estimated $361M.

  • 516 institutional investors held CarMax (KMX) as of Q4 2017, up from 484 in Q3 2017.
  • Funds reported $11.7B of CarMax stock for Q4 2017, down 21% quarter-over-quarter.
  • 82 funds opened new CarMax positions in Q4 2017 and 50 closed out, a net change of +32 holders.
  • The largest CarMax buyer in Q4 2017 was OppenheimerFunds, an estimated $273M added.
  • The largest CarMax seller in Q4 2017 was Baillie Gifford & Co, an estimated $361M sold.

Based on aggregated 13F filings for Q4 2017.