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404 hedge funds and large institutions have $14.3B invested in CarMax in 2014 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 122 increasing their positions, 170 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more funds holding in top 10

Funds holding in top 10: 921 (+12)

115% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 27

41% more capital invested

Capital invested by funds: $10.2B → $14.3B (+$4.13B)

7% more funds holding

Funds holding: 377404 (+27)

0.95% more ownership

Funds ownership: 102.13%103.08% (+0.95%)

28% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 170

34% less call options, than puts

Call options by funds: $95.5M | Put options by funds: $144M

Holders
404
Holders Change
+27
Holders Change %
+7.16%
% of All Funds
10.78%
Holding in Top 10
21
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+133.33%
% of All Funds
0.56%
New
58
Increased
122
Reduced
170
Closed
27
Calls
$95.5M
Puts
$144M
Net Calls
-$48.3M
Net Calls Change
+$12.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Dimensional Fund Advisors
51
Dimensional Fund Advisors
Texas
$43.4M +$4.22M +76,124 +13%
SC
52
Salzman & Co
New York
$41.7M -$1.33M -24,002 -4%
Invesco
53
Invesco
Georgia
$40.4M -$4.12M -74,362 -11%
Goldman Sachs
54
Goldman Sachs
New York
$35.6M +$1.55M +28,004 +6%
OC
55
Oppenheimer & Co
New York
$35.3M +$3.21M +57,930 +12%
Sumitomo Mitsui Trust Group
56
Sumitomo Mitsui Trust Group
Japan
$34.8M -$860K -15,505 -3%
Charles Schwab
57
Charles Schwab
California
$34.1M +$1.2M +21,675 +4%
BTS
58
BB&T Securities
Virginia
$31.6M +$401K +7,238 +18%
BlackRock
59
BlackRock
New York
$30.9M +$461K +8,320 +2%
CS
60
Credit Suisse
Switzerland
$28.7M +$310K +5,597 +1%
MAA
61
Managed Account Advisors
New Jersey
$28.4M -$340K -6,135 -1%
BIM
62
BlackRock Investment Management
Delaware
$28M +$68.4K +1,233 +0.3%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$27.6M +$214K +3,857 +0.9%
GC
64
Guggenheim Capital
Illinois
$27.6M -$3.87M -69,798 -14%
New York State Teachers Retirement System (NYSTRS)
65
New York State Teachers Retirement System (NYSTRS)
New York
$27.5M -$619K -11,161 -3%
AllianceBernstein
66
AllianceBernstein
Tennessee
$27.1M -$532K -9,596 -2%
TD Asset Management
67
TD Asset Management
Ontario, Canada
$24.9M -$1.79M -32,334 -8%
APG Asset Management
68
APG Asset Management
Netherlands
$24.9M +$2.79M +50,354 +16%
PIM
69
Provident Investment Management
Michigan
$24.6M +$11.6K +210 +0.1%
California Public Employees Retirement System
70
California Public Employees Retirement System
California
$23.6M -$7.08M -127,700 -26%
Nordea Investment Management
71
Nordea Investment Management
Sweden
$21.6M -$630K -11,359 -3%
HIM
72
Hermes Investment Management
United Kingdom
$21.2M -$5.66M -102,141 -24%
State Board of Administration of Florida Retirement System
73
State Board of Administration of Florida Retirement System
Florida
$20.9M -$98.5K -1,777 -0.6%
CCP
74
Clough Capital Partners
Massachusetts
$20.5M +$17.1M +308,600 New
NIM
75
Nexus Investment Management
Ontario, Canada
$20.1M -$308K -5,550 -2%

KMX Hedge Fund Activity: Q4 2014 in Review

404 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2014, worth a combined $14.3B — up 41% from $10.2B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new KMX positions and 27 closed out — a net gain of 31 holders — while 122 added to existing stakes and 170 trimmed.

The largest buyer was Bain Capital Public Equity Management, opening a new position worth an estimated $110M. The largest seller was T. Rowe Price Associates, cutting an estimated $185M.

  • 404 institutional investors held CarMax (KMX) as of Q4 2014, up from 377 in Q3 2014.
  • Funds reported $14.3B of CarMax stock for Q4 2014, up 41% quarter-over-quarter.
  • 58 funds opened new CarMax positions in Q4 2014 and 27 closed out, a net change of +31 holders.
  • The largest CarMax buyer in Q4 2014 was Bain Capital Public Equity Management, an estimated $110M added.
  • The largest CarMax seller in Q4 2014 was T. Rowe Price Associates, an estimated $185M sold.

Based on aggregated 13F filings for Q4 2014.