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516 hedge funds and large institutions have $11.7B invested in CarMax in 2017 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 178 increasing their positions, 184 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 50

7% more funds holding

Funds holding: 484516 (+32)

8% more call options, than puts

Call options by funds: $142M | Put options by funds: $131M

3% less repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 184

6.77% less ownership

Funds ownership: 108.06%101.29% (-6.8%)

21% less capital invested

Capital invested by funds: $14.9B → $11.7B (-$3.17B)

36% less funds holding in top 10

Funds holding in top 10: 2516 (-9)

Holders
516
Holders Change
+32
Holders Change %
+6.61%
% of All Funds
11.7%
Holding in Top 10
16
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-36%
% of All Funds
0.36%
New
82
Increased
178
Reduced
184
Closed
50
Calls
$142M
Puts
$131M
Net Calls
+$10.8M
Net Calls Change
-$26.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Charles Schwab
51
Charles Schwab
California
$44.5M +$2.32M +32,556 +5%
Swiss National Bank
52
Swiss National Bank
Switzerland
$43.5M -$421K -5,900 -0.9%
GC
53
Guggenheim Capital
Illinois
$39.1M +$7.98M +111,912 +23%
MVIP
54
Mar Vista Investment Partners
California
$38.8M +$43.2M +605,071 New
DnB Asset Management
55
DnB Asset Management
Norway
$37.1M -$8.66M -121,400 -17%
Citadel Advisors
56
Citadel Advisors
Florida
$36.4M +$24.7M +345,914 +156%
UBS AM
57
UBS AM
Illinois
$35.2M +$933K +13,079 +2%
TA
58
Teachers Advisors
New York
$35.2M +$19.5M +272,669 +99%
ESCM
59
Echo Street Capital Management
New York
$34.9M +$32M +448,716 +470%
Sumitomo Mitsui Trust Group
60
Sumitomo Mitsui Trust Group
Japan
$34.8M +$529K +7,411 +1%
Calamos Advisors
61
Calamos Advisors
Illinois
$33.2M +$33.1M +463,268 +852%
Holocene Advisors
62
Holocene Advisors
New York
$33M +$36.7M +513,814 New
UOC
63
UBS O'Connor
Illinois
$32.1M -$16.7M -233,637 -32%
MWNA
64
Marshall Wace North America
New York
$30.2M +$28.4M +398,765 +558%
New York State Common Retirement Fund
65
New York State Common Retirement Fund
New York
$29.6M -$3.92M -54,967 -11%
California Public Employees Retirement System
66
California Public Employees Retirement System
California
$28.8M +$957K +13,420 +3%
BAMCO Inc
67
BAMCO Inc
New York
$27.7M -$1.29M -18,086 -4%
HAM
68
HHR Asset Management
New Jersey
$26.5M +$1.7M +23,840 +6%
PPA
69
Parametric Portfolio Associates
Washington
$26.1M -$363K -5,087 -1%
WCM
70
Wedge Capital Management
North Carolina
$24.8M +$27.6M +386,575 New
Fidelity Investments
71
Fidelity Investments
Massachusetts
$23.2M -$3.87M -54,192 -13%
RhumbLine Advisers
72
RhumbLine Advisers
Massachusetts
$23M +$215K +3,012 +0.8%
RCM
73
Riverpark Capital Management
New York
$21.9M -$1.15M -16,140 -5%
MCM
74
Melvin Capital Management
New York
$20.8M -$76.7M -1,075,000 -77%
NIM
75
Nexus Investment Management
Ontario, Canada
$20.6M -$89.2K -1,250 -0.4%

KMX Hedge Fund Activity: Q4 2017 in Review

516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2017, worth a combined $11.7B — down 21% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new KMX positions and 50 closed out — a net gain of 32 holders — while 178 added to existing stakes and 184 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $273M. The largest seller was Baillie Gifford & Co, cutting an estimated $361M.

  • 516 institutional investors held CarMax (KMX) as of Q4 2017, up from 484 in Q3 2017.
  • Funds reported $11.7B of CarMax stock for Q4 2017, down 21% quarter-over-quarter.
  • 82 funds opened new CarMax positions in Q4 2017 and 50 closed out, a net change of +32 holders.
  • The largest CarMax buyer in Q4 2017 was OppenheimerFunds, an estimated $273M added.
  • The largest CarMax seller in Q4 2017 was Baillie Gifford & Co, an estimated $361M sold.

Based on aggregated 13F filings for Q4 2017.