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468 hedge funds and large institutions have $11.9B invested in CarMax in 2017 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 140 increasing their positions, 201 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

309% more call options, than puts

Call options by funds: $473M | Put options by funds: $116M

13% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 46

1% less funds holding

Funds holding: 471468 (-3)

1.68% less ownership

Funds ownership: 108.76%107.07% (-1.7%)

9% less capital invested

Capital invested by funds: $13.1B → $11.9B (-$1.24B)

22% less funds holding in top 10

Funds holding in top 10: 2721 (-6)

30% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 201

Holders
468
Holders Change
-3
Holders Change %
-0.64%
% of All Funds
11.65%
Holding in Top 10
21
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-22.22%
% of All Funds
0.52%
New
52
Increased
140
Reduced
201
Closed
46
Calls
$473M
Puts
$116M
Net Calls
+$357M
Net Calls Change
+$357M
Name Holding Trade Value Shares
Change
Change in
Stake
William Blair & Company
51
William Blair & Company
Illinois
$40.5M +$373K +5,747 +0.9%
DnB Asset Management
52
DnB Asset Management
Norway
$40M
Swiss National Bank
53
Swiss National Bank
Switzerland
$39.9M +$9.23M +142,000 +27%
Fidelity Investments
54
Fidelity Investments
Massachusetts
$39.5M -$1.81M -27,798 -4%
Charles Schwab
55
Charles Schwab
California
$36.6M +$894K +13,754 +2%
Sumitomo Mitsui Trust Group
56
Sumitomo Mitsui Trust Group
Japan
$32.1M -$25.5K -392 -0.1%
BAMCO Inc
57
BAMCO Inc
New York
$31.7M -$34.5M -531,802 -50%
SCM
58
Sirios Capital Management
Massachusetts
$30.2M +$661K +10,172 +2%
UBS AM
59
UBS AM
Illinois
$30M +$2.21M +34,033 +7%
New York State Common Retirement Fund
60
New York State Common Retirement Fund
New York
$29.6M -$310K -4,769 -0.9%
GC
61
Guggenheim Capital
Illinois
$29M +$1.33M +20,428 +4%
ESCM
62
Echo Street Capital Management
New York
$27.5M +$6.02M +92,641 +25%
Morgan Stanley
63
Morgan Stanley
New York
$27M +$18.1M +278,328 +156%
HAM
64
HHR Asset Management
New Jersey
$26.8M -$63.2M -972,249 -68%
MAMU
65
Marathon Asset Management (UK)
United Kingdom
$26.5M -$941K -14,492 -3%
California Public Employees Retirement System
66
California Public Employees Retirement System
California
$24.8M -$1.15M -17,700 -4%
Voloridge Investment Management
67
Voloridge Investment Management
Florida
$24.7M +$11.1M +171,260 +70%
QF
68
QVT Financial
New York
$24.3M +$5.38M +82,800 +25%
California State Teachers Retirement System (CalSTRS)
69
California State Teachers Retirement System (CalSTRS)
California
$22.8M -$1.12M -17,300 -4%
PPA
70
Parametric Portfolio Associates
Washington
$22.4M +$923K +14,215 +4%
RhumbLine Advisers
71
RhumbLine Advisers
Massachusetts
$21.4M +$498K +7,659 +2%
IIM
72
Ivory Investment Management
New York
$21.4M -$317K -4,882 -1%
New York State Teachers Retirement System (NYSTRS)
73
New York State Teachers Retirement System (NYSTRS)
New York
$19.5M -$845K -12,999 -4%
NIM
74
Nexus Investment Management
Ontario, Canada
$19.4M -$14.6K -225 -0.1%
RCM
75
Riverpark Capital Management
New York
$19.4M +$18.1M +278,663 +578%

KMX Hedge Fund Activity: Q1 2017 in Review

468 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2017, worth a combined $11.9B — down 9.5% from $13.1B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new KMX positions and 46 closed out — a net gain of 6 holders — while 140 added to existing stakes and 201 trimmed.

The largest buyer was BlackRock, adding an estimated $699M. The largest seller was Primecap Management, cutting an estimated $127M.

  • 468 institutional investors held CarMax (KMX) as of Q1 2017, down from 471 in Q4 2016.
  • Funds reported $11.9B of CarMax stock for Q1 2017, down 9.5% quarter-over-quarter.
  • 52 funds opened new CarMax positions in Q1 2017 and 46 closed out, a net change of +6 holders.
  • The largest CarMax buyer in Q1 2017 was BlackRock, an estimated $699M added.
  • The largest CarMax seller in Q1 2017 was Primecap Management, an estimated $127M sold.

Based on aggregated 13F filings for Q1 2017.