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CarMax
KMX

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
662
Holders Change
+36
Holders Change %
+5.75%
% of All Funds
11.71%
Holding in Top 10
28
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-6.67%
% of All Funds
0.5%
New
107
Increased
238
Reduced
205
Closed
67
Calls
$130M
Puts
$149M
Net Calls
-$18.1M
Net Calls Change
+$5.99M

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$120M
2
TP
Third Point
New York
+$120M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$102M
4
Viking Global Investors
Viking Global Investors
Connecticut
+$74.5M
5
AL
Appaloosa LP
New Jersey
+$70.3M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$261M
2
PCM
Palestra Capital Management
New York
-$184M
3
Wells Fargo
Wells Fargo
California
-$64.6M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$64.5M
5
JP Morgan Chase
JP Morgan Chase
New York
-$58.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
676
Cipher Capital
New York
– -$2.79M -30,349 Closed
HCMT
677
Highland Capital Management (Tennessee)
Tennessee
– -$1.81M -19,687 Closed
MWNA
678
Marshall Wace North America
New York
– -$1.78M -19,339 Closed
SEC
679
Seven Eight Capital
New York
– -$1.77M -19,220 Closed
Point72 Asset Management
680
Point72 Asset Management
Connecticut
– -$1.45M -15,732 Closed
PHK
681
Point72 Hong Kong
Hong Kong
– -$1.32M -14,390 Closed
TC
682
TwinBeech Capital
New York
– -$1.12M -12,149 Closed
VF
683
Virtu Financial
New York
– -$1.11M -12,134 Closed
ECM
684
ExodusPoint Capital Management
New York
– -$1.09M -11,845 Closed
PIC
685
PCJ Investment Counsel
Ontario, Canada
– -$1.06M -11,500 Closed
QT
686
Quantbot Technologies
New York
– -$1.01M -11,018 Closed
IP
687
Interval Partners
New York
– -$919K -10,000 Closed
BRA
688
Blue Rock Advisors
Minnesota
– -$724K -7,876 Closed
TMC
689
Trellus Management Company
Florida
– -$689K -7,500 Closed
HF
690
HRT Financial
New York
– -$679K -7,398 Closed
BFM
691
Boothbay Fund Management
New York
– -$674K -7,336 Closed
TW
692
Transform Wealth
Colorado
– -$569K -6,190 Closed
GCP
693
GSA Capital Partners
United Kingdom
– -$506K -5,504 Closed
GAM
694
Gotham Asset Management
New York
– -$503K -5,473 Closed
SRAM
695
Spouting Rock Asset Management
Pennsylvania
– -$496K -5,399 Closed
WCA
696
Waratah Capital Advisors
Ontario, Canada
– -$450K -4,893 Closed
DTL
697
Dynamic Technology Lab
Singapore
– -$437K -4,758 Closed
PAMP
698
Polar Asset Management Partners
Ontario, Canada
– -$431K -4,691 Closed
Verition Fund Management
699
Verition Fund Management
Connecticut
– -$404K -4,399 Closed
AIP
700
Almanack Investment Partners
Pennsylvania
– -$414K -4,385 Closed
26 27
28
29 30

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.