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378 hedge funds and large institutions have $10.3B invested in CarMax in 2014 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 140 increasing their positions, 142 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more funds holding in top 10

Funds holding in top 10: 910 (+1)

3.43% more ownership

Funds ownership: 94.85%98.28% (+3.4%)

3% more capital invested

Capital invested by funds: $9.94B → $10.3B (+$310M)

1% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 142

4% less call options, than puts

Call options by funds: $44.4M | Put options by funds: $46.2M

3% less funds holding

Funds holding: 390378 (-12)

14% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 50

Holders
378
Holders Change
-12
Holders Change %
-3.08%
% of All Funds
10.92%
Holding in Top 10
10
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+11.11%
% of All Funds
0.29%
New
43
Increased
140
Reduced
142
Closed
50
Calls
$44.4M
Puts
$46.2M
Net Calls
-$1.86M
Net Calls Change
-$4.3M
Name Holding Trade Value Shares
Change
Change in
Stake
TPSF
126
Texas Permanent School Fund
Texas
$4.59M -$253K -5,423 -5%
AIG
127
American International Group
New York
$4.39M +$40.5K +867 +0.9%
Aviva
128
Aviva
United Kingdom
$4.36M +$195K +4,170 +5%
First Manhattan
129
First Manhattan
New York
$4.32M -$9.34K -200 -0.2%
SL
130
SIB LLC
New York
$4.28M +$126K +2,700 +3%
SOMRS
131
State of Michigan Retirement System
Michigan
$4.26M +$14K +300 +0.3%
Ameriprise
132
Ameriprise
Minnesota
$4.13M -$4.81K -103 -0.1%
GIA
133
Gateway Investment Advisers
Ohio
$3.91M -$13.3K -285 -0.3%
Public Sector Pension Investment Board (PSP Investments)
134
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$3.82M -$74.7K -1,600 -2%
Comerica Bank
135
Comerica Bank
Texas
$3.78M -$92.2K -1,974 -2%
Natixis Advisors
136
Natixis Advisors
Massachusetts
$3.54M +$592K +12,685 +20%
NFA
137
Nationwide Fund Advisors
Ohio
$3.53M -$23.5K -504 -0.7%
VFP
138
Verus Financial Partners
Virginia
$3.52M +$31.1K +665 +0.9%
Credit Agricole
139
Credit Agricole
France
$3.49M +$260K +5,569 +8%
TSU
140
TD Securities (USA)
New York
$3.43M -$259K -5,546 -7%
AMAL
141
Asset Management Advisors LLC
Oklahoma
$3.38M +$119K +2,555 +4%
BNP Paribas Financial Markets
142
BNP Paribas Financial Markets
France
$3.29M -$1.67M -35,774 -32%
FAF
143
Fjarde Ap-fonden
Sweden
$3.02M +$107K +2,286 +4%
Neuberger Berman Group
144
Neuberger Berman Group
New York
$3.02M -$16.1K -344 -0.5%
Public Employees Retirement Association of Colorado
145
Public Employees Retirement Association of Colorado
Colorado
$3.01M -$25K -536 -0.8%
MSA
146
Mason Street Advisors
Wisconsin
$2.93M -$39.7K -850 -1%
Royal Bank of Canada
147
Royal Bank of Canada
Ontario, Canada
$2.93M -$1.18M -25,337 -29%
GIBU
148
Gulf International Bank (UK)
United Kingdom
$2.92M
ASRS
149
Arizona State Retirement System
Arizona
$2.92M -$74.7K -1,600 -3%
Citigroup
150
Citigroup
New York
$2.9M -$3.29M -70,424 -53%

KMX Hedge Fund Activity: Q1 2014 in Review

378 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2014, worth a combined $10.3B — up 3.1% from $9.94B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of KMX and 43 opened new positions — a net loss of 7 holders — while 142 trimmed existing stakes and 140 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $455M. The largest seller was Gilder Gagnon Howe & Co, exiting entirely with an estimated $109M sold.

  • 378 institutional investors held CarMax (KMX) as of Q1 2014, down from 390 in Q4 2013.
  • Funds reported $10.3B of CarMax stock for Q1 2014, up 3.1% quarter-over-quarter.
  • 43 funds opened new CarMax positions in Q1 2014 and 50 closed out, a net change of -7 holders.
  • The largest CarMax buyer in Q1 2014 was T. Rowe Price Associates, an estimated $455M added.
  • The largest CarMax seller in Q1 2014 was Gilder Gagnon Howe & Co, an estimated $109M sold.

Based on aggregated 13F filings for Q1 2014.