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735 hedge funds and large institutions have $19.7B invested in CarMax in 2021 Q4 according to their latest regulatory filings, with 116 funds opening new positions, 236 increasing their positions, 256 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 116 | Existing positions closed: 55

8% more funds holding

Funds holding: 680735 (+55)

1.05% more ownership

Funds ownership: 95.28%96.33% (+1%)

1% less capital invested

Capital invested by funds: $19.9B → $19.7B (-$132M)

8% less repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 256

8% less funds holding in top 10

Funds holding in top 10: 2422 (-2)

13% less call options, than puts

Call options by funds: $168M | Put options by funds: $192M

Holders
735
Holders Change
+55
Holders Change %
+8.09%
% of All Funds
11.31%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.34%
New
116
Increased
236
Reduced
256
Closed
55
Calls
$168M
Puts
$192M
Net Calls
-$24.7M
Net Calls Change
+$46.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Envestnet Asset Management
51
Envestnet Asset Management
Illinois
$65.7M +$6.95M +49,640 +11%
TCAM
52
Turtle Creek Asset Management
Ontario, Canada
$63.2M +$644K +4,600 +1%
Goldman Sachs
53
Goldman Sachs
New York
$61.6M -$23M -164,453 -26%
MP
54
Makaira Partners
California
$59.7M +$2.94M +21,000 +5%
Sumitomo Mitsui Trust Group
55
Sumitomo Mitsui Trust Group
Japan
$57.8M -$2.69M -19,236 -4%
Kovitz Investment Group Partners
56
Kovitz Investment Group Partners
Illinois
$56.7M +$2.18M +15,553 +3%
AC
57
Avenir Corporation
Virginia
$55.6M +$1.68M +11,995 +3%
CC
58
Cannell & Co
New York
$52.1M +$3.83M +27,365 +7%
AL
59
Appaloosa LP
New Jersey
$51M
SBCM
60
Schwerin Boyle Capital Management
Massachusetts
$49.2M -$10.5K -75 -0%
KP
61
Kiltearn Partners
United Kingdom
$48.1M +$3.64M +25,973 +8%
SHCM
62
Silver Heights Capital Management
Ontario, Canada
$47.3M -$11.1M -79,355 -18%
California Public Employees Retirement System
63
California Public Employees Retirement System
California
$45.7M -$1.55M -11,038 -3%
OC
64
Oppenheimer & Co
New York
$45M -$401K -2,862 -0.8%
EIP
65
Epoch Investment Partners
New York
$43.8M -$2.66M -18,973 -5%
New York State Common Retirement Fund
66
New York State Common Retirement Fund
New York
$43.1M -$58.7K -419 -0.1%
HCM
67
Howland Capital Management
Massachusetts
$42.9M -$971K -6,933 -2%
Truist Financial
68
Truist Financial
North Carolina
$40.4M -$1.12M -8,012 -3%
MAMU
69
Marathon Asset Management (UK)
United Kingdom
$38.1M -$104M -744,832 -72%
HAM
70
HHR Asset Management
New Jersey
$37.6M -$2.36M -16,822 -6%
AI
71
Ariel Investments
Illinois
$37.6M -$4.18M -29,823 -9%
California State Teachers Retirement System (CalSTRS)
72
California State Teachers Retirement System (CalSTRS)
California
$37.4M +$658K +4,702 +2%
TCM
73
TimesSquare Capital Management
New York
$37.1M -$31.2M -223,100 -44%
ESBC
74
E.S. Barr & Co
Kentucky
$35.6M -$777K -5,550 -2%
NIM
75
Nexus Investment Management
Ontario, Canada
$34.6M -$6.36M -45,400 -15%

KMX Hedge Fund Activity: Q4 2021 in Review

735 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2021, worth a combined $19.7B — down 0.67% from $19.9B a quarter earlier.

Buyers outnumbered sellers: 116 funds opened new KMX positions and 55 closed out — a net gain of 61 holders — while 236 added to existing stakes and 256 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $589M. The largest seller was Wellington Management Group, cutting an estimated $134M.

  • 735 institutional investors held CarMax (KMX) as of Q4 2021, up from 680 in Q3 2021.
  • Funds reported $19.7B of CarMax stock for Q4 2021, down 0.67% quarter-over-quarter.
  • 116 funds opened new CarMax positions in Q4 2021 and 55 closed out, a net change of +61 holders.
  • The largest CarMax buyer in Q4 2021 was Capital Research Global Investors, an estimated $589M added.
  • The largest CarMax seller in Q4 2021 was Wellington Management Group, an estimated $134M sold.

Based on aggregated 13F filings for Q4 2021.