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423 hedge funds and large institutions have $14.6B invested in CarMax in 2015 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 130 increasing their positions, 180 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 34

5% more funds holding

Funds holding: 404423 (+19)

2% more capital invested

Capital invested by funds: $14.3B → $14.6B (+$320M)

0% less call options, than puts

Call options by funds: $78.4M | Put options by funds: $78.8M

0.98% less ownership

Funds ownership: 103.08%102.1% (-0.98%)

10% less funds holding in top 10

Funds holding in top 10: 2119 (-2)

28% less repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 180

Holders
423
Holders Change
+19
Holders Change %
+4.7%
% of All Funds
11.27%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.51%
New
59
Increased
130
Reduced
180
Closed
34
Calls
$78.4M
Puts
$78.8M
Net Calls
-$308K
Net Calls Change
+$48M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
51
Bank of America
North Carolina
$40.9M -$13.1M -200,332 -25%
GC
52
Guggenheim Capital
Illinois
$40.7M +$11.4M +175,255 +42%
KI
53
Kalmar Investments
Delaware
$40.6M -$18.8M -288,530 -33%
Sumitomo Mitsui Trust Group
54
Sumitomo Mitsui Trust Group
Japan
$39.2M +$3.24M +49,725 +10%
SC
55
Salzman & Co
New York
$38M -$4.92M -75,481 -12%
MIH
56
Madison Investment Holdings
Wisconsin
$38M -$11.3M -174,061 -24%
BTS
57
BB&T Securities
Virginia
$36.8M +$385K +5,903 +12%
OC
58
Oppenheimer & Co
New York
$36.6M +$57.9K +888 +0.2%
Charles Schwab
59
Charles Schwab
California
$36.3M +$896K +13,743 +3%
GC
60
Giverny Capital
Quebec, Canada
$35M +$33M +506,751 New
BlackRock
61
BlackRock
New York
$32.4M +$374K +5,743 +1%
TA
62
Teachers Advisors
New York
$29.8M +$14.2M +217,893 +102%
MAA
63
Managed Account Advisors
New Jersey
$28.7M -$652K -10,002 -2%
BIM
64
BlackRock Investment Management
Delaware
$28.3M -$731K -11,209 -3%
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$28.2M -$441K -6,759 -2%
AllianceBernstein
66
AllianceBernstein
Tennessee
$27.5M -$563K -8,641 -2%
New York State Teachers Retirement System (NYSTRS)
67
New York State Teachers Retirement System (NYSTRS)
New York
$27.5M -$998K -15,306 -4%
APG Asset Management
68
APG Asset Management
Netherlands
$27.3M +$1.49M +22,870 +6%
KIG
69
Kovitz Investment Group
Illinois
$27M -$18M -276,341 -41%
FCM
70
Force Capital Management
New York
$26.9M +$16.2M +248,942 +176%
PIM
71
Provident Investment Management
Michigan
$26.4M +$803K +12,320 +3%
TD Asset Management
72
TD Asset Management
Ontario, Canada
$26.3M +$512K +7,856 +2%
IIM
73
Ivory Investment Management
New York
$26.3M +$24.8M +380,606 New
HIM
74
Hermes Investment Management
United Kingdom
$26M +$3.84M +58,876 +19%
California Public Employees Retirement System
75
California Public Employees Retirement System
California
$23.6M

KMX Hedge Fund Activity: Q1 2015 in Review

423 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2015, worth a combined $14.6B — up 2.2% from $14.3B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new KMX positions and 34 closed out — a net gain of 25 holders — while 130 added to existing stakes and 180 trimmed.

The largest buyer was Point72 Asset Management, opening a new position worth an estimated $67.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $114M.

  • 423 institutional investors held CarMax (KMX) as of Q1 2015, up from 404 in Q4 2014.
  • Funds reported $14.6B of CarMax stock for Q1 2015, up 2.2% quarter-over-quarter.
  • 59 funds opened new CarMax positions in Q1 2015 and 34 closed out, a net change of +25 holders.
  • The largest CarMax buyer in Q1 2015 was Point72 Asset Management, an estimated $67.5M added.
  • The largest CarMax seller in Q1 2015 was T. Rowe Price Associates, an estimated $114M sold.

Based on aggregated 13F filings for Q1 2015.