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457 hedge funds and large institutions have $12.9B invested in CarMax in 2017 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 171 increasing their positions, 168 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

161% more call options, than puts

Call options by funds: $600M | Put options by funds: $230M

19% more funds holding in top 10

Funds holding in top 10: 2125 (+4)

8% more capital invested

Capital invested by funds: $11.9B → $12.9B (+$1.01B)

2.46% more ownership

Funds ownership: 107.07%109.53% (+2.5%)

2% more repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 168

2% less funds holding

Funds holding: 468457 (-11)

15% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 53

Holders
457
Holders Change
-11
Holders Change %
-2.35%
% of All Funds
11.39%
Holding in Top 10
25
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+19.05%
% of All Funds
0.62%
New
45
Increased
171
Reduced
168
Closed
53
Calls
$600M
Puts
$230M
Net Calls
+$370M
Net Calls Change
+$12.8M
Name Holding Trade Value Shares
Change
Change in
Stake
AllianceBernstein
76
AllianceBernstein
Tennessee
$22.2M +$1.91M +31,659 +10%
Calamos Advisors
77
Calamos Advisors
Illinois
$21.5M +$3.48M +57,657 +20%
California State Teachers Retirement System (CalSTRS)
78
California State Teachers Retirement System (CalSTRS)
California
$21.5M -$2.67M -44,255 -12%
LOAMU
79
Lombard Odier Asset Management (USA)
New York
$21.3M +$5.32M +87,994 +35%
Royal Bank of Canada
80
Royal Bank of Canada
Ontario, Canada
$21.2M +$6.12M +101,352 +43%
NIM
81
Nexus Investment Management
Ontario, Canada
$20M -$600K -9,925 -3%
SEI Investments
82
SEI Investments
Pennsylvania
$19.9M -$415K -6,869 -2%
New York State Teachers Retirement System (NYSTRS)
83
New York State Teachers Retirement System (NYSTRS)
New York
$19.8M -$913K -15,118 -5%
HCM
84
Howland Capital Management
Massachusetts
$19.5M +$826K +13,674 +5%
Neuberger Berman Group
85
Neuberger Berman Group
New York
$19.5M +$5.29M +87,590 +39%
SHCM
86
Silver Heights Capital Management
Ontario, Canada
$19.4M +$1.95M +32,350 +12%
PG
87
PEAK6 Group
Illinois
$19.1M +$15.5M +255,945 +540%
State Board of Administration of Florida Retirement System
88
State Board of Administration of Florida Retirement System
Florida
$18.5M +$43.7K +723 +0.2%
Asset Management One
89
Asset Management One
Japan
$18.3M -$992K -16,416 -5%
ESBC
90
E.S. Barr & Co
Kentucky
$17.5M +$530K +8,768 +3%
TA
91
Teachers Advisors
New York
$17.1M +$344K +5,695 +2%
APG Asset Management
92
APG Asset Management
Netherlands
$17M
SCM
93
SG Capital Management
Illinois
$16.8M +$16M +265,652 New
Adage Capital Partners
94
Adage Capital Partners
Massachusetts
$16.6M +$5.53M +91,472 +53%
Prudential Financial
95
Prudential Financial
New Jersey
$16.2M -$394K -6,515 -2%
CS
96
Credit Suisse
Switzerland
$15M -$2.76M -45,692 -16%
SC
97
Shellback Capital
Massachusetts
$13.9M +$13.3M +220,000 New
JCM
98
Junto Capital Management
New York
$13.6M +$13.1M +216,272 New
TD Asset Management
99
TD Asset Management
Ontario, Canada
$13.3M -$287K -4,749 -2%
National Pension Service
100
National Pension Service
South Korea
$13.3M +$1.17M +19,429 +10%

KMX Hedge Fund Activity: Q2 2017 in Review

457 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2017, worth a combined $12.9B — up 8.5% from $11.9B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of KMX and 45 opened new positions — a net loss of 8 holders — while 168 trimmed existing stakes and 171 added.

The largest buyer was Nordea Investment Management, adding an estimated $115M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $79.2M sold.

  • 457 institutional investors held CarMax (KMX) as of Q2 2017, down from 468 in Q1 2017.
  • Funds reported $12.9B of CarMax stock for Q2 2017, up 8.5% quarter-over-quarter.
  • 45 funds opened new CarMax positions in Q2 2017 and 53 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q2 2017 was Nordea Investment Management, an estimated $115M added.
  • The largest CarMax seller in Q2 2017 was Alyeska Investment Group, an estimated $79.2M sold.

Based on aggregated 13F filings for Q2 2017.