CarMax
697 hedge funds and large institutions have $20.4B invested in CarMax in 2021 Q1 according to their latest regulatory filings, with 107 funds opening new positions, 189 increasing their positions, 270 reducing their positions, and 67 closing their positions.
60% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 67
34% more capital invested
Capital invested by funds: $15.2B → $20.4B (+$5.21B)
14% more funds holding in top 10
Funds holding in top 10: 28 → 32 (+4)
5% more funds holding
Funds holding: 662 → 697 (+35)
3.73% less ownership
Funds ownership: 98.33% → 94.59% (-3.7%)
14% less call options, than puts
Call options by funds: $206M | Put options by funds: $238M
30% less repeat investments, than reductions
Existing positions increased: 189 | Existing positions reduced: 270
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$73M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
+$73M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$67.6M |
| 4 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
+$49.9M |
| 5 |
Millennium Management
New York
|
+$32.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$439M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$75M |
| 3 |
Primecap Management
Pasadena,
California
|
-$58.1M |
| 4 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
-$46.3M |
| 5 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
-$44.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
751
Childress Capital Advisors
Houston,
Texas
| – | -$20K | -214 | Closed |
|
|
ICP
752
Interchange Capital Partners
Pittsburgh,
Pennsylvania
| – | -$17K | -187 | Closed |
|
|
RPWA
753
Regent Peak Wealth Advisors
Atlanta,
Georgia
| – | -$17K | -181 | Closed |
|
|
PI
754
PineBridge Investments
New York
| – | -$17K | -175 | Closed |
|
|
AWM
755
Avior Wealth Management
Omaha,
Nebraska
| – | -$9K | -100 | Closed |
|
|
AWG
756
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$7K | -70 | Closed |
|
|
MA
757
MUFG Americas
New York
| – | -$4K | -39 | Closed |
|
|
ABC
758
Associated Banc-Corp
Green Bay,
Wisconsin
| – | -$3K | -33 | Closed |
|
|
OC
759
Oakworth Capital
Birmingham,
Alabama
| – | -$1K | -11 | Closed |
|
|
TI
760
tru Independence
Portland,
Oregon
| – | -$1 | -8 | Closed |
|
761
Simplex Trading
Chicago,
Illinois
| – | +$648K | +5,324 | +61% |
|
KMX Hedge Fund Activity: Q1 2021 in Review
697 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2021, worth a combined $20.4B — up 34% from $15.2B a quarter earlier.
Buyers outnumbered sellers: 107 funds opened new KMX positions and 67 closed out — a net gain of 40 holders — while 189 added to existing stakes and 270 trimmed.
The largest buyer was Scopus Asset Management, opening a new position worth an estimated $73M. The largest seller was T. Rowe Price Associates, cutting an estimated $439M.
- 697 institutional investors held CarMax (KMX) as of Q1 2021, up from 662 in Q4 2020.
- Funds reported $20.4B of CarMax stock for Q1 2021, up 34% quarter-over-quarter.
- 107 funds opened new CarMax positions in Q1 2021 and 67 closed out, a net change of +40 holders.
- The largest CarMax buyer in Q1 2021 was Scopus Asset Management, an estimated $73M added.
- The largest CarMax seller in Q1 2021 was T. Rowe Price Associates, an estimated $439M sold.
Based on aggregated 13F filings for Q1 2021.