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457 hedge funds and large institutions have $12.9B invested in CarMax in 2017 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 171 increasing their positions, 168 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

161% more call options, than puts

Call options by funds: $600M | Put options by funds: $230M

19% more funds holding in top 10

Funds holding in top 10: 2125 (+4)

8% more capital invested

Capital invested by funds: $11.9B → $12.9B (+$1.01B)

2.46% more ownership

Funds ownership: 107.07%109.53% (+2.5%)

2% more repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 168

2% less funds holding

Funds holding: 468457 (-11)

15% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 53

Holders
457
Holders Change
-11
Holders Change %
-2.35%
% of All Funds
11.39%
Holding in Top 10
25
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+19.05%
% of All Funds
0.62%
New
45
Increased
171
Reduced
168
Closed
53
Calls
$600M
Puts
$230M
Net Calls
+$370M
Net Calls Change
+$12.8M
Name Holding Trade Value Shares
Change
Change in
Stake
UOC
51
UBS O'Connor
Illinois
$44.1M +$42.3M +700,000 New
Swiss National Bank
52
Swiss National Bank
Switzerland
$43M +$495K +8,200 +1%
Point72 Asset Management
53
Point72 Asset Management
Connecticut
$43M -$70.9M -1,174,237 -63%
DnB Asset Management
54
DnB Asset Management
Norway
$42.4M -$187K -3,100 -0.5%
Millennium Management
55
Millennium Management
New York
$41.1M +$38.1M +630,683 +2,973%
Charles Schwab
56
Charles Schwab
California
$40.6M +$1.47M +24,390 +4%
Balyasny Asset Management
57
Balyasny Asset Management
Illinois
$40.3M +$32.6M +539,451 +544%
SCM
58
Sirios Capital Management
Massachusetts
$40.1M +$7.56M +125,176 +25%
GC
59
Guggenheim Capital
Illinois
$34.5M +$3.42M +56,580 +12%
Sumitomo Mitsui Trust Group
60
Sumitomo Mitsui Trust Group
Japan
$34.3M +$140K +2,322 +0.4%
UBS AM
61
UBS AM
Illinois
$33.6M +$1.57M +26,043 +5%
Deutsche Bank
62
Deutsche Bank
Germany
$32.6M -$14.7M -242,853 -32%
Barclays
63
Barclays
United Kingdom
$31.9M +$12.4M +205,338 +68%
New York State Common Retirement Fund
64
New York State Common Retirement Fund
New York
$29.4M -$2.01M -33,356 -7%
HAM
65
HHR Asset Management
New Jersey
$29.3M +$749K +12,399 +3%
BAMCO Inc
66
BAMCO Inc
New York
$29M -$4.52M -74,815 -14%
ESCM
67
Echo Street Capital Management
New York
$28.6M -$658K -10,887 -2%
RCM
68
Riverpark Capital Management
New York
$28.5M +$7.54M +124,893 +38%
California Public Employees Retirement System
69
California Public Employees Retirement System
California
$26.9M +$550K +9,100 +2%
Fidelity Investments
70
Fidelity Investments
Massachusetts
$26.5M -$14.9M -246,271 -37%
PPA
71
Parametric Portfolio Associates
Washington
$24.4M +$544K +8,998 +2%
DKCM
72
Davidson Kempner Capital Management
New York
$23.6M +$22.7M +375,000 New
QF
73
QVT Financial
New York
$23.4M -$2.4M -39,687 -10%
RhumbLine Advisers
74
RhumbLine Advisers
Massachusetts
$22.9M +$82.8K +1,371 +0.4%
IIM
75
Ivory Investment Management
New York
$22.7M -$74.3K -1,230 -0.3%

KMX Hedge Fund Activity: Q2 2017 in Review

457 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2017, worth a combined $12.9B — up 8.5% from $11.9B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of KMX and 45 opened new positions — a net loss of 8 holders — while 168 trimmed existing stakes and 171 added.

The largest buyer was Nordea Investment Management, adding an estimated $115M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $79.2M sold.

  • 457 institutional investors held CarMax (KMX) as of Q2 2017, down from 468 in Q1 2017.
  • Funds reported $12.9B of CarMax stock for Q2 2017, up 8.5% quarter-over-quarter.
  • 45 funds opened new CarMax positions in Q2 2017 and 53 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q2 2017 was Nordea Investment Management, an estimated $115M added.
  • The largest CarMax seller in Q2 2017 was Alyeska Investment Group, an estimated $79.2M sold.

Based on aggregated 13F filings for Q2 2017.