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735 hedge funds and large institutions have $19.7B invested in CarMax in 2021 Q4 according to their latest regulatory filings, with 116 funds opening new positions, 236 increasing their positions, 256 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 116 | Existing positions closed: 55

8% more funds holding

Funds holding: 680735 (+55)

1.05% more ownership

Funds ownership: 95.28%96.33% (+1%)

1% less capital invested

Capital invested by funds: $19.9B → $19.7B (-$132M)

8% less repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 256

8% less funds holding in top 10

Funds holding in top 10: 2422 (-2)

13% less call options, than puts

Call options by funds: $168M | Put options by funds: $192M

Holders
735
Holders Change
+55
Holders Change %
+8.09%
% of All Funds
11.31%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.34%
New
116
Increased
236
Reduced
256
Closed
55
Calls
$168M
Puts
$192M
Net Calls
-$24.7M
Net Calls Change
+$46.3M
Name Holding Trade Value Shares
Change
Change in
Stake
FCMC
101
Founders Capital Management (Connecticut)
Connecticut
$18M +$49.6K +354 +0.3%
NC
102
Nicholas Company
Wisconsin
$17.7M +$1.29M +9,190 +7%
HCM
103
Hutchinson Capital Management
California
$17.2M -$174K -1,243 -0.9%
Bank of Montreal
104
Bank of Montreal
Ontario, Canada
$17.1M -$3.65M -26,096 -16%
BGIM
105
Brandywine Global Investment Management
Pennsylvania
$16.5M +$1.84M +13,143 +12%
CIM
106
Courant Investment Management
Tennessee
$16.4M
Natixis Advisors
107
Natixis Advisors
Massachusetts
$16.3M +$1.17M +8,361 +7%
GS
108
Gagnon Securities
New York
$16.1M +$65K +464 +0.4%
TCA
109
Teewinot Capital Advisers
New York
$15.7M
BAM
110
Blueshift Asset Management
New Jersey
$15.6M +$7.05M +50,336 +72%
HSBC Holdings
111
HSBC Holdings
United Kingdom
$15.2M -$2.04M -14,574 -11%
First Manhattan
112
First Manhattan
New York
$14.6M -$294K -2,100 -2%
RJFSA
113
Raymond James Financial Services Advisors
Florida
$14.1M +$2.58M +18,451 +21%
MML Investors Services
114
MML Investors Services
Massachusetts
$13.6M +$2.59M +18,504 +22%
PNC Financial Services Group
115
PNC Financial Services Group
Pennsylvania
$13.4M -$404K -2,886 -3%
BNP Paribas Financial Markets
116
BNP Paribas Financial Markets
France
$13M +$7.48M +53,432 +116%
Chevy Chase Trust
117
Chevy Chase Trust
Maryland
$12.8M -$395K -2,818 -3%
UBS Group
118
UBS Group
Switzerland
$12.7M -$12.3M -87,764 -47%
AT
119
AMF Tjänstepension
Sweden
$12.6M -$2.81M -20,088 -17%
2
120
2Xideas
Switzerland
$12.4M +$1.3M +9,256 +11%
State of New Jersey Common Pension Fund D
121
State of New Jersey Common Pension Fund D
New Jersey
$12.3M -$108K -774 -0.8%
LPL Financial
122
LPL Financial
California
$12.3M +$1.29M +9,228 +11%
Stifel Financial
123
Stifel Financial
Missouri
$12.2M +$276K +1,971 +2%
Man Group
124
Man Group
United Kingdom
$12M +$4.94M +35,244 +62%
NIM
125
Needham Investment Management
New York
$11.7M

KMX Hedge Fund Activity: Q4 2021 in Review

735 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2021, worth a combined $19.7B — down 0.67% from $19.9B a quarter earlier.

Buyers outnumbered sellers: 116 funds opened new KMX positions and 55 closed out — a net gain of 61 holders — while 236 added to existing stakes and 256 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $589M. The largest seller was Wellington Management Group, cutting an estimated $134M.

  • 735 institutional investors held CarMax (KMX) as of Q4 2021, up from 680 in Q3 2021.
  • Funds reported $19.7B of CarMax stock for Q4 2021, down 0.67% quarter-over-quarter.
  • 116 funds opened new CarMax positions in Q4 2021 and 55 closed out, a net change of +61 holders.
  • The largest CarMax buyer in Q4 2021 was Capital Research Global Investors, an estimated $589M added.
  • The largest CarMax seller in Q4 2021 was Wellington Management Group, an estimated $134M sold.

Based on aggregated 13F filings for Q4 2021.