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638 hedge funds and large institutions have $14.4B invested in CarMax in 2019 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 201 increasing their positions, 230 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 44

9% more funds holding

Funds holding: 585638 (+53)

2% less capital invested

Capital invested by funds: $14.8B → $14.4B (-$367M)

1.77% less ownership

Funds ownership: 102.13%100.37% (-1.8%)

8% less funds holding in top 10

Funds holding in top 10: 3734 (-3)

13% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 230

36% less call options, than puts

Call options by funds: $106M | Put options by funds: $166M

Holders
638
Holders Change
+53
Holders Change %
+9.06%
% of All Funds
12.57%
Holding in Top 10
34
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-8.11%
% of All Funds
0.67%
New
108
Increased
201
Reduced
230
Closed
44
Calls
$106M
Puts
$166M
Net Calls
-$60.2M
Net Calls Change
-$8.99M
Name Holding Trade Value Shares
Change
Change in
Stake
PA
551
Parallel Advisors
California
$59K +$33.9K +360 +115%
HDIM
552
Hanson & Doremus Investment Management
Vermont
$51K
CIA
553
CSat Investment Advisory
Michigan
$51K +$4.89K +52 +10%
SWM
554
Sugarloaf Wealth Management
Georgia
$49K +$52.3K +556 New
GLI
555
Guardian Life Insurance
New York
$43K
FDCDDQ
556
Federation des caisses Desjardins du Quebec
Quebec, Canada
$40.3K -$1.38M -14,693 -97%
FFC
557
First Financial Corp
Indiana
$40K
GDP
558
Great Diamond Partners
Maine
$40K +$43.8K +466 New
TRCT
559
Tower Research Capital (TRC)
New York
$36K -$255K -2,707 -87%
LWM
560
Liberty Wealth Management
California
$35K -$1.6K -17 -4%
BCWM
561
Bartlett & Co Wealth Management
Ohio
$32.9K -$21.7K -231 -38%
IA
562
IFP Advisors
Florida
$32K +$2.82K +30 +9%
WAP
563
Wealthcare Advisory Partners
Pennsylvania
$29K
EP
564
Eudaimonia Partners
Tennessee
$27K +$28.5K +303 New
CT
565
Caldwell Trust
Florida
$26.3K +$28.2K +300 New
LWM
566
Lenox Wealth Management
Ohio
$26K +$28K +298 New
EWP
567
Engrave Wealth Partners
Texas
$24K +$26.3K +280 New
AIM
568
AIA Investment Management
Singapore
$23K +$24.3K +258 New
NIM
569
NuWave Investment Management
New Jersey
$22K -$16.3K -173 -41%
ARMC
570
American Research & Management Company
Massachusetts
$22K
MA
571
MCF Advisors
Kentucky
$22K
RA
572
Rational Advisors
New York
$22K +$941 +10 +4%
SFSIG
573
San Francisco Sentry Investment Group
California
$21K
JFGIW
574
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$20K
SC
575
Solstein Capital
California
$20K +$21K +223 New

KMX Hedge Fund Activity: Q4 2019 in Review

638 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2019, worth a combined $14.4B — down 2.5% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new KMX positions and 44 closed out — a net gain of 64 holders — while 201 added to existing stakes and 230 trimmed.

The largest buyer was Truist Financial, adding an estimated $79.7M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $176M.

  • 638 institutional investors held CarMax (KMX) as of Q4 2019, up from 585 in Q3 2019.
  • Funds reported $14.4B of CarMax stock for Q4 2019, down 2.5% quarter-over-quarter.
  • 108 funds opened new CarMax positions in Q4 2019 and 44 closed out, a net change of +64 holders.
  • The largest CarMax buyer in Q4 2019 was Truist Financial, an estimated $79.7M added.
  • The largest CarMax seller in Q4 2019 was Ruane, Cunniff & Goldfarb, an estimated $176M sold.

Based on aggregated 13F filings for Q4 2019.