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516 hedge funds and large institutions have $11.7B invested in CarMax in 2017 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 178 increasing their positions, 184 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 50

7% more funds holding

Funds holding: 484516 (+32)

8% more call options, than puts

Call options by funds: $142M | Put options by funds: $131M

3% less repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 184

6.77% less ownership

Funds ownership: 108.06%101.29% (-6.8%)

21% less capital invested

Capital invested by funds: $14.9B → $11.7B (-$3.17B)

36% less funds holding in top 10

Funds holding in top 10: 2516 (-9)

Holders
516
Holders Change
+32
Holders Change %
+6.61%
% of All Funds
11.7%
Holding in Top 10
16
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-36%
% of All Funds
0.36%
New
82
Increased
178
Reduced
184
Closed
50
Calls
$142M
Puts
$131M
Net Calls
+$10.8M
Net Calls Change
-$26.3M
Name Holding Trade Value Shares
Change
Change in
Stake
SHCM
76
Silver Heights Capital Management
Ontario, Canada
$19.9M -$103K -1,445 -0.5%
AllianceBernstein
77
AllianceBernstein
Tennessee
$19.9M -$1.68M -23,589 -7%
HCM
78
Howland Capital Management
Massachusetts
$19.8M +$69.9K +980 +0.3%
California State Teachers Retirement System (CalSTRS)
79
California State Teachers Retirement System (CalSTRS)
California
$19.6M -$280K -3,924 -1%
Neuberger Berman Group
80
Neuberger Berman Group
New York
$19.5M +$495K +6,934 +2%
Royal Bank of Canada
81
Royal Bank of Canada
Ontario, Canada
$19.4M +$3.92M +54,947 +22%
HCM
82
Highbridge Capital Management
New York
$19.3M +$14.5M +203,706 +211%
New York State Teachers Retirement System (NYSTRS)
83
New York State Teachers Retirement System (NYSTRS)
New York
$19.2M -$289K -4,057 -1%
JP Morgan Chase
84
JP Morgan Chase
New York
$19.1M +$10.3M +143,954 +94%
Barclays
85
Barclays
United Kingdom
$19.1M -$26.5M -371,293 -56%
SEI Investments
86
SEI Investments
Pennsylvania
$18.6M -$1.7M -23,855 -8%
Asset Management One
87
Asset Management One
Japan
$18.6M -$74.1K -1,038 -0.4%
ESBC
88
E.S. Barr & Co
Kentucky
$17.6M -$124K -1,736 -0.6%
State Board of Administration of Florida Retirement System
89
State Board of Administration of Florida Retirement System
Florida
$17.5M -$1.32M -18,535 -6%
Prudential Financial
90
Prudential Financial
New Jersey
$17.4M -$106K -1,480 -0.5%
Adage Capital Partners
91
Adage Capital Partners
Massachusetts
$16.4M +$18.3M +256,200 New
Nordea Investment Management
92
Nordea Investment Management
Sweden
$16.1M +$225K +3,153 +1%
MIS
93
Morningstar Investment Services
Illinois
$16M +$1.88M +26,298 +12%
N
94
Nuveen
North Carolina
$15.9M +$2.66M +37,252 +18%
CS
95
Credit Suisse
Switzerland
$15.5M +$489K +6,853 +3%
APG Asset Management
96
APG Asset Management
Netherlands
$15.4M +$99.9K +1,400 +0.5%
SAM
97
Sheffield Asset Management
Illinois
$14.4M +$16M +224,300 New
PAMP
98
Polar Asset Management Partners
Ontario, Canada
$14.1M +$15.7M +220,300 New
NM
99
Nokota Management
New York
$13.8M +$15.3M +214,615 New
National Pension Service
100
National Pension Service
South Korea
$13.6M -$646K -9,050 -4%

KMX Hedge Fund Activity: Q4 2017 in Review

516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2017, worth a combined $11.7B — down 21% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new KMX positions and 50 closed out — a net gain of 32 holders — while 178 added to existing stakes and 184 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $273M. The largest seller was Baillie Gifford & Co, cutting an estimated $361M.

  • 516 institutional investors held CarMax (KMX) as of Q4 2017, up from 484 in Q3 2017.
  • Funds reported $11.7B of CarMax stock for Q4 2017, down 21% quarter-over-quarter.
  • 82 funds opened new CarMax positions in Q4 2017 and 50 closed out, a net change of +32 holders.
  • The largest CarMax buyer in Q4 2017 was OppenheimerFunds, an estimated $273M added.
  • The largest CarMax seller in Q4 2017 was Baillie Gifford & Co, an estimated $361M sold.

Based on aggregated 13F filings for Q4 2017.