CarMax
677 hedge funds and large institutions have $20.3B invested in CarMax in 2021 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 247 increasing their positions, 217 reducing their positions, and 79 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 247 | Existing positions reduced: 217
13% more call options, than puts
Call options by funds: $165M | Put options by funds: $147M
1.9% more ownership
Funds ownership: 94.59% → 96.5% (+1.9%)
0% less capital invested
Capital invested by funds: $20.4B → $20.3B (-$76M)
3% less funds holding
Funds holding: 697 → 677 (-20)
16% less funds holding in top 10
Funds holding in top 10: 32 → 27 (-5)
20% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 79
Top Buyers
Top Sellers
| 1 |
TP
Third Point
New York
|
-$146M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$79.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$77.6M |
| 4 |
Primecap Management
Pasadena,
California
|
-$62.3M |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
-$36.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ADIM
751
Alpha DNA Investment Management
Columbia,
Maryland
| – | -$3K | -27 | Closed |
|
|
WCM
752
Wealthcare Capital Management
Richmond,
Virginia
| – | -$3K | -25 | Closed |
|
|
SSB
753
Sandy Spring Bank
Olney,
Maryland
| – | -$3K | -23 | Closed |
|
|
MLFP
754
MPS Loria Financial Planners
Burr Ridge,
Illinois
| – | -$2K | -16 | Closed |
|
|
MWP
755
Meridian Wealth Partners
Exton,
Pennsylvania
| – | -$2K | -14 | Closed |
|
756
Fidelity International
Hamilton,
Bermuda
| – | -$1K | -8 | Closed |
|
|
AWM
757
Avior Wealth Management
Omaha,
Nebraska
| – | +$742 | +6 | New |
|
KMX Hedge Fund Activity: Q2 2021 in Review
677 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2021, worth a combined $20.3B — down 0.37% from $20.4B a quarter earlier.
Sellers outnumbered buyers: 79 funds closed out of KMX and 63 opened new positions — a net loss of 16 holders — while 217 trimmed existing stakes and 247 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $222M. The largest seller was Third Point, exiting entirely with an estimated $146M sold.
- 677 institutional investors held CarMax (KMX) as of Q2 2021, down from 697 in Q1 2021.
- Funds reported $20.3B of CarMax stock for Q2 2021, down 0.37% quarter-over-quarter.
- 63 funds opened new CarMax positions in Q2 2021 and 79 closed out, a net change of -16 holders.
- The largest CarMax buyer in Q2 2021 was Manulife (Manufacturers Life Insurance), an estimated $222M added.
- The largest CarMax seller in Q2 2021 was Third Point, an estimated $146M sold.
Based on aggregated 13F filings for Q2 2021.