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585 hedge funds and large institutions have $14.7B invested in CarMax in 2019 Q2 according to their latest regulatory filings, with 90 funds opening new positions, 160 increasing their positions, 240 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 58

36% more funds holding in top 10

Funds holding in top 10: 2838 (+10)

19% more capital invested

Capital invested by funds: $12.3B → $14.7B (+$2.36B)

4% more funds holding

Funds holding: 561585 (+24)

1.5% less ownership

Funds ownership: 103.78%102.28% (-1.5%)

33% less repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 240

50% less call options, than puts

Call options by funds: $97.2M | Put options by funds: $195M

Holders
585
Holders Change
+24
Holders Change %
+4.28%
% of All Funds
12.71%
Holding in Top 10
38
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+35.71%
% of All Funds
0.83%
New
90
Increased
160
Reduced
240
Closed
58
Calls
$97.2M
Puts
$195M
Net Calls
-$97.7M
Net Calls Change
+$16.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Millennium Management
51
Millennium Management
New York
$58.7M +$36.5M +467,264 +223%
Sumitomo Mitsui Trust Group
52
Sumitomo Mitsui Trust Group
Japan
$54.7M -$1.59M -20,348 -3%
PPA
53
Parametric Portfolio Associates
Washington
$50.7M +$4.43M +56,665 +11%
UBS AM
54
UBS AM
Illinois
$50M -$697K -8,912 -2%
Swiss National Bank
55
Swiss National Bank
Switzerland
$48.1M -$2.25M -28,800 -5%
Neuberger Berman Group
56
Neuberger Berman Group
New York
$46.7M -$589K -7,534 -1%
MP
57
Makaira Partners
California
$46.4M -$14.4M -184,423 -26%
OC
58
Oppenheimer & Co
New York
$44.7M -$1.09M -13,917 -3%
Morgan Stanley
59
Morgan Stanley
New York
$44.1M +$3.11M +39,728 +8%
Citadel Advisors
60
Citadel Advisors
Florida
$43M +$3.63M +46,437 +10%
TCAM
61
Turtle Creek Asset Management
Ontario, Canada
$41.5M -$13.6M -173,350 -27%
WG
62
Winton Group
United Kingdom
$40.2M +$36.2M +463,147 New
Baillie Gifford & Co
63
Baillie Gifford & Co
United Kingdom
$38.4M -$1.13M -14,438 -3%
TIM
64
Thornburg Investment Management
New Mexico
$38.1M -$894K -11,426 -3%
Prudential Financial
65
Prudential Financial
New Jersey
$37M +$14.3M +182,583 +75%
DnB Asset Management
66
DnB Asset Management
Norway
$36.8M -$17.5M -224,213 -35%
SBCM
67
Schwerin Boyle Capital Management
Massachusetts
$36.5M -$117K -1,500 -0.4%
AI
68
Ariel Investments
Illinois
$36.2M +$5.82M +74,420 +22%
MVIP
69
Mar Vista Investment Partners
California
$34.4M -$40.4M -516,033 -57%
Mitsubishi UFJ Trust & Banking
70
Mitsubishi UFJ Trust & Banking
Japan
$34.1M -$1.26M -16,135 -4%
CGM
71
Capital Growth Management
Massachusetts
$33.4M +$30.1M +385,000 New
LA
72
LFL Advisers
Illinois
$33M -$162K -2,077 -0.5%
Balyasny Asset Management
73
Balyasny Asset Management
Illinois
$32.3M -$24.9M -317,818 -46%
MIS
74
Morningstar Investment Services
Illinois
$31.4M +$1.44M +18,427 +5%
SHCM
75
Silver Heights Capital Management
Ontario, Canada
$31M -$239K -3,050 -0.8%

KMX Hedge Fund Activity: Q2 2019 in Review

585 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2019, worth a combined $14.7B — up 19% from $12.3B a quarter earlier.

Buyers outnumbered sellers: 90 funds opened new KMX positions and 58 closed out — a net gain of 32 holders — while 160 added to existing stakes and 240 trimmed.

The largest buyer was Nuveen, adding an estimated $233M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $121M.

  • 585 institutional investors held CarMax (KMX) as of Q2 2019, up from 561 in Q1 2019.
  • Funds reported $14.7B of CarMax stock for Q2 2019, up 19% quarter-over-quarter.
  • 90 funds opened new CarMax positions in Q2 2019 and 58 closed out, a net change of +32 holders.
  • The largest CarMax buyer in Q2 2019 was Nuveen, an estimated $233M added.
  • The largest CarMax seller in Q2 2019 was Ruane, Cunniff & Goldfarb, an estimated $121M sold.

Based on aggregated 13F filings for Q2 2019.