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CarMax
KMX

423 hedge funds and large institutions have $12.4B invested in CarMax in 2015 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 160 increasing their positions, 158 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.4% more ownership

Funds ownership: 100.45% → 106.85% (+6.4%)

1% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 158

2% less funds holding

Funds holding: 433 → 423 (-10)

7% less capital invested

Capital invested by funds: $13.4B → $12.4B (-$998M)

15% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 52

19% less call options, than puts

Call options by funds: $115M | Put options by funds: $142M

23% less funds holding in top 10

Funds holding in top 10: 22 → 17 (-5)

Holders
423
Holders Change
-10
Holders Change %
-2.31%
% of All Funds
11.1%
Holding in Top 10
17
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-22.73%
% of All Funds
0.45%
New
44
Increased
160
Reduced
158
Closed
52
Calls
$115M
Puts
$142M
Net Calls
-$26.5M
Net Calls Change
-$6.94M

Top Buyers

1
Principal Financial Group
Principal Financial Group
Iowa
+$80.2M
2
Primecap Management
Primecap Management
California
+$79.4M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$79.2M
4
Citadel Advisors
Citadel Advisors
Florida
+$75.1M
5
Harris Associates
Harris Associates
Illinois
+$65.3M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$49.1M
2
TCIM
TIAA CREF Investment Management
New York
-$48M
3
FPA
First Pacific Advisors
California
-$45.1M
4
Wells Fargo
Wells Fargo
California
-$44.7M
5
ESCM
Echo Street Capital Management
New York
-$36.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Sumitomo Mitsui Trust Group
51
Sumitomo Mitsui Trust Group
Japan
$31M -$411K -7,200 -1%
SC
52
Sculptor Capital
New York
$30.2M +$32M +560,289 New
New York State Common Retirement Fund
53
New York State Common Retirement Fund
New York
$30.1M +$472K +8,272 +2%
Invesco
54
Invesco
Georgia
$30M +$1.68M +29,356 +6%
California Public Employees Retirement System
55
California Public Employees Retirement System
California
$29.8M -$337K -5,900 -1%
Charles Schwab
56
Charles Schwab
California
$29.6M +$441K +7,719 +1%
RFC
57
Russell Frank Company
Washington
$28M +$26.5M +465,034 +959%
UBS AM
58
UBS AM
Illinois
$26.3M -$6.04M -105,731 -18%
First Trust Advisors
59
First Trust Advisors
Illinois
$25.4M -$1.07M -18,798 -4%
Royal Bank of Canada
60
Royal Bank of Canada
Ontario, Canada
$23.4M +$6.61M +115,853 +36%
BlackRock
61
BlackRock
New York
$23.4M -$467K -8,186 -2%
BIM
62
BlackRock Investment Management
Delaware
$22.7M -$580K -10,165 -2%
KIG
63
Kovitz Investment Group
Illinois
$22.4M +$1.53M +26,775 +7%
PIM
64
Provident Investment Management
Michigan
$21.7M +$746K +13,075 +3%
HIM
65
Hermes Investment Management
United Kingdom
$21.5M +$1.09M +19,134 +5%
CS
66
Credit Suisse
Switzerland
$21.4M -$1.73M -30,257 -7%
TA
67
Teachers Advisors
New York
$21.1M -$33.6M -588,843 -60%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$20.9M +$352K +6,173 +2%
GC
69
Guggenheim Capital
Illinois
$20.9M +$803K +14,059 +4%
IIM
70
Ivory Investment Management
New York
$20.9M -$468K -8,197 -2%
New York State Teachers Retirement System (NYSTRS)
71
New York State Teachers Retirement System (NYSTRS)
New York
$20.8M -$29K -508 -0.1%
Swiss National Bank
72
Swiss National Bank
Switzerland
$20.3M +$211K +3,700 +1%
TD Asset Management
73
TD Asset Management
Ontario, Canada
$20M -$942K -16,500 -4%
AllianceBernstein
74
AllianceBernstein
Tennessee
$19.6M -$249K -4,369 -1%
MTB
75
Mizuho Trust & Banking
Japan
$18.1M +$487K +8,539 +3%
1 2
3
4 5

KMX Hedge Fund Activity: Q4 2015 in Review

423 of the 3,811 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2015, worth a combined $12.4B — down 7.5% from $13.4B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of KMX and 44 opened new positions — a net loss of 8 holders — while 158 trimmed existing stakes and 160 added.

The largest buyer was Principal Financial Group, adding an estimated $80.2M. The largest seller was Deutsche Bank, cutting an estimated $49.1M.

  • 423 institutional investors held CarMax (KMX) as of Q4 2015, down from 433 in Q3 2015.
  • Funds reported $12.4B of CarMax stock for Q4 2015, down 7.5% quarter-over-quarter.
  • 44 funds opened new CarMax positions in Q4 2015 and 52 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q4 2015 was Principal Financial Group, an estimated $80.2M added.
  • The largest CarMax seller in Q4 2015 was Deutsche Bank, an estimated $49.1M sold.

Based on aggregated 13F filings for Q4 2015.