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638 hedge funds and large institutions have $14.4B invested in CarMax in 2019 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 201 increasing their positions, 230 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 44

9% more funds holding

Funds holding: 585638 (+53)

2% less capital invested

Capital invested by funds: $14.8B → $14.4B (-$367M)

1.77% less ownership

Funds ownership: 102.13%100.37% (-1.8%)

8% less funds holding in top 10

Funds holding in top 10: 3734 (-3)

13% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 230

36% less call options, than puts

Call options by funds: $106M | Put options by funds: $166M

Holders
638
Holders Change
+53
Holders Change %
+9.06%
% of All Funds
12.57%
Holding in Top 10
34
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-8.11%
% of All Funds
0.67%
New
108
Increased
201
Reduced
230
Closed
44
Calls
$106M
Puts
$166M
Net Calls
-$60.2M
Net Calls Change
-$8.99M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
51
Morgan Stanley
New York
$54.7M -$6.47M -68,733 -10%
UBS AM
52
UBS AM
Illinois
$49.1M +$1.2M +12,710 +2%
Swiss National Bank
53
Swiss National Bank
Switzerland
$45.8M -$2.51M -26,700 -5%
HAM
54
HHR Asset Management
New Jersey
$45.7M -$6.7M -71,273 -12%
OC
55
Oppenheimer & Co
New York
$44.7M +$24.9K +265 +0.1%
Neuberger Berman Group
56
Neuberger Berman Group
New York
$42.6M -$1.75M -18,613 -4%
AI
57
Ariel Investments
Illinois
$41.9M +$5.51M +58,588 +14%
PFO
58
Pathstone Family Office
New Jersey
$41.4M -$5M -53,151 -53%
Manulife (Manufacturers Life Insurance)
59
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$38.2M -$3.28M -34,916 -7%
SBCM
60
Schwerin Boyle Capital Management
Massachusetts
$36.8M +$63.5K +675 +0.2%
TCAM
61
Turtle Creek Asset Management
Ontario, Canada
$36.3M -$4.43M -47,100 -10%
Baillie Gifford & Co
62
Baillie Gifford & Co
United Kingdom
$35.8M -$4.4M -46,805 -10%
California Public Employees Retirement System
63
California Public Employees Retirement System
California
$34.9M +$453K +4,818 +1%
MVIP
64
Mar Vista Investment Partners
California
$34.8M -$2.38M -25,337 -6%
TIM
65
Thornburg Investment Management
New Mexico
$34.4M -$393K -4,182 -1%
MIS
66
Morningstar Investment Services
Illinois
$33.7M +$768K +8,159 +2%
Mitsubishi UFJ Trust & Banking
67
Mitsubishi UFJ Trust & Banking
Japan
$33.2M -$1.21M -12,913 -3%
UBS Group
68
UBS Group
Switzerland
$33M +$10.4M +110,998 +42%
Envestnet Asset Management
69
Envestnet Asset Management
Illinois
$32.8M +$5.1M +54,211 +17%
MP
70
Makaira Partners
California
$32.7M -$15.2M -161,173 -30%
SHCM
71
Silver Heights Capital Management
Ontario, Canada
$31.8M +$64K +680 +0.2%
JCM
72
Junto Capital Management
New York
$31.2M -$33.9M -360,233 -50%
LA
73
LFL Advisers
Illinois
$31.1M -$2.3M -24,409 -6%
HCM
74
Howland Capital Management
Massachusetts
$30.3M -$146K -1,554 -0.4%
PI
75
Putnam Investments
Massachusetts
$29M +$24.4M +258,977 +360%

KMX Hedge Fund Activity: Q4 2019 in Review

638 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2019, worth a combined $14.4B — down 2.5% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new KMX positions and 44 closed out — a net gain of 64 holders — while 201 added to existing stakes and 230 trimmed.

The largest buyer was Truist Financial, adding an estimated $79.7M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $176M.

  • 638 institutional investors held CarMax (KMX) as of Q4 2019, up from 585 in Q3 2019.
  • Funds reported $14.4B of CarMax stock for Q4 2019, down 2.5% quarter-over-quarter.
  • 108 funds opened new CarMax positions in Q4 2019 and 44 closed out, a net change of +64 holders.
  • The largest CarMax buyer in Q4 2019 was Truist Financial, an estimated $79.7M added.
  • The largest CarMax seller in Q4 2019 was Ruane, Cunniff & Goldfarb, an estimated $176M sold.

Based on aggregated 13F filings for Q4 2019.