CarMax
662 hedge funds and large institutions have $15.2B invested in CarMax in 2020 Q4 according to their latest regulatory filings, with 107 funds opening new positions, 238 increasing their positions, 205 reducing their positions, and 67 closing their positions.
60% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 67
16% more repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 205
6% more funds holding
Funds holding: 626 → 662 (+36)
2% more capital invested
Capital invested by funds: $14.9B → $15.2B (+$296M)
0.15% less ownership
Funds ownership: 98.48% → 98.33% (-0.15%)
7% less funds holding in top 10
Funds holding in top 10: 30 → 28 (-2)
12% less call options, than puts
Call options by funds: $130M | Put options by funds: $149M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$120M |
| 2 |
TP
Third Point
New York
|
+$120M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$102M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
+$74.5M |
| 5 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$70.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$261M |
| 2 |
PCM
Palestra Capital Management
New York
|
-$184M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$64.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$64.5M |
| 5 |
JP Morgan Chase
New York
|
-$58.8M |
KMX Hedge Fund Activity: Q4 2020 in Review
662 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2020, worth a combined $15.2B — up 2% from $14.9B a quarter earlier.
Buyers outnumbered sellers: 107 funds opened new KMX positions and 67 closed out — a net gain of 40 holders — while 238 added to existing stakes and 205 trimmed.
The largest buyer was Invesco, adding an estimated $120M. The largest seller was T. Rowe Price Associates, cutting an estimated $261M.
- 662 institutional investors held CarMax (KMX) as of Q4 2020, up from 626 in Q3 2020.
- Funds reported $15.2B of CarMax stock for Q4 2020, up 2% quarter-over-quarter.
- 107 funds opened new CarMax positions in Q4 2020 and 67 closed out, a net change of +40 holders.
- The largest CarMax buyer in Q4 2020 was Invesco, an estimated $120M added.
- The largest CarMax seller in Q4 2020 was T. Rowe Price Associates, an estimated $261M sold.
Based on aggregated 13F filings for Q4 2020.