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378 hedge funds and large institutions have $10.3B invested in CarMax in 2014 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 140 increasing their positions, 142 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more funds holding in top 10

Funds holding in top 10: 910 (+1)

3.43% more ownership

Funds ownership: 94.85%98.28% (+3.4%)

3% more capital invested

Capital invested by funds: $9.94B → $10.3B (+$310M)

1% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 142

4% less call options, than puts

Call options by funds: $44.4M | Put options by funds: $46.2M

3% less funds holding

Funds holding: 390378 (-12)

14% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 50

Holders
378
Holders Change
-12
Holders Change %
-3.08%
% of All Funds
10.92%
Holding in Top 10
10
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+11.11%
% of All Funds
0.29%
New
43
Increased
140
Reduced
142
Closed
50
Calls
$44.4M
Puts
$46.2M
Net Calls
-$1.86M
Net Calls Change
-$4.3M
Name Holding Trade Value Shares
Change
Change in
Stake
NIM
76
Nexus Investment Management
Ontario, Canada
$14.4M +$236K +5,050 +2%
GPCM
77
Greenbrier Partners Capital Management
Texas
$14M
CBOA
78
Commonwealth Bank of Australia
Australia
$13M +$3.76M +80,528 +41%
PPA
79
Parametric Portfolio Associates
Washington
$12.8M -$274K -5,861 -2%
BJ
80
BlackRock Japan
Japan
$11.6M -$515K -11,035 -4%
HCM
81
Howland Capital Management
Massachusetts
$11.6M +$1.07M +22,826 +10%
SIMG
82
Stephens Investment Management Group
Texas
$11.3M +$2.82M +60,450 +33%
NC
83
Nicholas Company
Wisconsin
$11M
RG
84
Rathbones Group
United Kingdom
$11M
JP Morgan Chase
85
JP Morgan Chase
New York
$10.7M +$572K +12,240 +6%
Morgan Stanley
86
Morgan Stanley
New York
$10.6M +$2.45M +52,469 +30%
CII
87
CR Intrinsic Investors
Connecticut
$10.3M +$4.67M +100,000 +83%
Swiss National Bank
88
Swiss National Bank
Switzerland
$10.1M -$995K -21,300 -9%
AAMU
89
Amundi Asset Management US
Massachusetts
$10.1M -$276K -5,914 -3%
APG Asset Management
90
APG Asset Management
Netherlands
$9.59M
ACM
91
AKRE Capital Management
Virginia
$9.36M +$4.67M +100,000 +100%
GS
92
Gagnon Securities
New York
$8.97M +$1.07M +22,998 +14%
VOYA Investment Management
93
VOYA Investment Management
Georgia
$8.5M +$6.3K +135 +0.1%
Macquarie Group
94
Macquarie Group
Australia
$8.38M +$2.3M +49,220 +38%
NIM
95
Needham Investment Management
New York
$8.31M
IIA
96
IPG Investment Advisors
California
$7.85M +$2.31M +49,360 +42%
Barclays
97
Barclays
United Kingdom
$7.69M -$6.53M -139,798 -46%
State of Wisconsin Investment Board
98
State of Wisconsin Investment Board
Wisconsin
$7.51M +$8.87K +190 +0.1%
Chevy Chase Trust
99
Chevy Chase Trust
Maryland
$7.46M -$184K -3,934 -2%
TG
100
TCW Group
California
$7.41M -$6.86M -146,861 -48%

KMX Hedge Fund Activity: Q1 2014 in Review

378 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2014, worth a combined $10.3B — up 3.1% from $9.94B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of KMX and 43 opened new positions — a net loss of 7 holders — while 142 trimmed existing stakes and 140 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $455M. The largest seller was Gilder Gagnon Howe & Co, exiting entirely with an estimated $109M sold.

  • 378 institutional investors held CarMax (KMX) as of Q1 2014, down from 390 in Q4 2013.
  • Funds reported $10.3B of CarMax stock for Q1 2014, up 3.1% quarter-over-quarter.
  • 43 funds opened new CarMax positions in Q1 2014 and 50 closed out, a net change of -7 holders.
  • The largest CarMax buyer in Q1 2014 was T. Rowe Price Associates, an estimated $455M added.
  • The largest CarMax seller in Q1 2014 was Gilder Gagnon Howe & Co, an estimated $109M sold.

Based on aggregated 13F filings for Q1 2014.