CarMax
KMX
695 hedge funds and large institutions have $16B invested in CarMax in 2022 Q1 according to their latest regulatory filings, with 80 funds opening new positions, 301 increasing their positions, 203 reducing their positions, and 112 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 301 | Existing positions reduced: 203
5.87% more ownership
Funds ownership: 96.33% → 102.2% (+5.9%)
5% less funds holding
Funds holding: 735 → 695 (-40)
18% less call options, than puts
Call options by funds: $232M | Put options by funds: $282M
18% less funds holding in top 10
Funds holding in top 10: 22 → 18 (-4)
19% less capital invested
Capital invested by funds: $19.7B → $16B (-$3.78B)
29% less first-time investments, than exits
New positions opened: 80 | Existing positions closed: 112
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$193M |
| 2 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$164M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$151M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$98.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$86.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
-$61.4M |
| 2 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$51M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$46.6M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$37.1M |
| 5 |
Holocene Advisors
New York
|
-$32.6M |
KMX Hedge Fund Activity: Q1 2022 in Review
695 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2022, worth a combined $16B — down 19% from $19.7B a quarter earlier.
Sellers outnumbered buyers: 112 funds closed out of KMX and 80 opened new positions — a net loss of 32 holders — while 203 trimmed existing stakes and 301 added.
The largest buyer was Fiduciary Management Inc, opening a new position worth an estimated $193M. The largest seller was William Blair & Company, cutting an estimated $61.4M.
- 695 institutional investors held CarMax (KMX) as of Q1 2022, down from 735 in Q4 2021.
- Funds reported $16B of CarMax stock for Q1 2022, down 19% quarter-over-quarter.
- 80 funds opened new CarMax positions in Q1 2022 and 112 closed out, a net change of -32 holders.
- The largest CarMax buyer in Q1 2022 was Fiduciary Management Inc, an estimated $193M added.
- The largest CarMax seller in Q1 2022 was William Blair & Company, an estimated $61.4M sold.
Based on aggregated 13F filings for Q1 2022.