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404 hedge funds and large institutions have $14.3B invested in CarMax in 2014 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 122 increasing their positions, 170 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more funds holding in top 10

Funds holding in top 10: 921 (+12)

115% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 27

41% more capital invested

Capital invested by funds: $10.2B → $14.3B (+$4.13B)

7% more funds holding

Funds holding: 377404 (+27)

0.95% more ownership

Funds ownership: 102.13%103.08% (+0.95%)

28% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 170

34% less call options, than puts

Call options by funds: $95.5M | Put options by funds: $144M

Holders
404
Holders Change
+27
Holders Change %
+7.16%
% of All Funds
10.78%
Holding in Top 10
21
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+133.33%
% of All Funds
0.56%
New
58
Increased
122
Reduced
170
Closed
27
Calls
$95.5M
Puts
$144M
Net Calls
-$48.3M
Net Calls Change
+$12.9M
Name Holding Trade Value Shares
Change
Change in
Stake
NIM
101
Needham Investment Management
New York
$8.99M -$1.52M -27,500 -17%
Retirement Systems of Alabama
102
Retirement Systems of Alabama
Alabama
$8.7M -$5.16K -93 -0.1%
Barclays
103
Barclays
United Kingdom
$8.68M +$1.01M +18,191 +16%
ACMM
104
Arbor Capital Management (Minnesota)
Minnesota
$8.65M -$11.1K -201 -0.2%
Canada Life
105
Canada Life
Manitoba, Canada
$8.64M -$385K -6,948 -5%
MLICM
106
Metropolitan Life Insurance Company (MetLife)
New York
$8.48M -$137K -2,467 -2%
PAMU
107
Pictet Asset Management (UK)
United Kingdom
$8.36M +$340K +6,132 +5%
TRSOTSOK
108
Teachers Retirement System of the State of Kentucky
Kentucky
$8.33M -$460K -8,290 -6%
BNP Paribas Financial Markets
109
BNP Paribas Financial Markets
France
$8.19M +$2.23M +40,207 +49%
PNC Financial Services Group
110
PNC Financial Services Group
Pennsylvania
$8.02M -$830K -14,961 -11%
Nisa Investment Advisors
111
Nisa Investment Advisors
Missouri
$7.93M +$44.4K +800 +0.7%
TG
112
TCW Group
California
$7.78M -$2.13M -38,460 -25%
Comerica Bank
113
Comerica Bank
Texas
$7.59M +$3.06M +55,237 +94%
PCC
114
Park Circle Company
Maryland
$7.55M -$1.94M -35,000 -24%
IIA
115
IPG Investment Advisors
California
$7.27M +$162K +2,915 +3%
Caisse de Depot et Placement du Quebec (CDPQ)
116
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$6.96M -$638K -11,500 -10%
ONB
117
Old National Bancorp
Indiana
$6.86M -$5.54K -100 -0.1%
LG
118
Leuthold Group
Minnesota
$6.82M -$1.23M -22,204 -18%
Royal Bank of Canada
119
Royal Bank of Canada
Ontario, Canada
$6.77M +$974K +17,573 +21%
First Manhattan
120
First Manhattan
New York
$6.73M +$49.9K +900 +0.9%
MA
121
Montag & Associates
Georgia
$6.5M -$1.35M -24,277 -20%
AIG
122
American International Group
New York
$6.42M -$82.9K -1,495 -2%
SG Americas Securities
123
SG Americas Securities
New York
$6.09M +$1.83M +33,063 +57%
Aviva
124
Aviva
United Kingdom
$6.08M -$28.3K -510 -0.6%
LRIC
125
Long Road Investment Counsel
Michigan
$6M +$5M +90,100 New

KMX Hedge Fund Activity: Q4 2014 in Review

404 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2014, worth a combined $14.3B — up 41% from $10.2B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new KMX positions and 27 closed out — a net gain of 31 holders — while 122 added to existing stakes and 170 trimmed.

The largest buyer was Bain Capital Public Equity Management, opening a new position worth an estimated $110M. The largest seller was T. Rowe Price Associates, cutting an estimated $185M.

  • 404 institutional investors held CarMax (KMX) as of Q4 2014, up from 377 in Q3 2014.
  • Funds reported $14.3B of CarMax stock for Q4 2014, up 41% quarter-over-quarter.
  • 58 funds opened new CarMax positions in Q4 2014 and 27 closed out, a net change of +31 holders.
  • The largest CarMax buyer in Q4 2014 was Bain Capital Public Equity Management, an estimated $110M added.
  • The largest CarMax seller in Q4 2014 was T. Rowe Price Associates, an estimated $185M sold.

Based on aggregated 13F filings for Q4 2014.