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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
Ameriprise
126
Ameriprise
Minnesota
$5.98M +$49.4K +891 +1%
SOMRS
127
State of Michigan Retirement System
Michigan
$5.91M -$61K -1,100 -1%
UCFA
128
United Capital Financial Advisors
Texas
$5.91M +$1.82M +32,761 +59%
SL
129
SIB LLC
New York
$5.74M -$293K -5,280 -6%
TPSF
130
Texas Permanent School Fund
Texas
$5.45M -$180K -3,242 -4%
TSU
131
TD Securities (USA)
New York
$5.45M +$283K +5,107 +7%
Citadel Advisors
132
Citadel Advisors
Florida
$5.42M +$2.12M +38,178 +88%
AIM
133
Arcadia Investment Management
Michigan
$5.26M -$549K -9,900 -11%
AMAL
134
Asset Management Advisors LLC
Oklahoma
$5.22M -$201K -3,620 -4%
National Pension Service
135
National Pension Service
South Korea
$5.11M -$756K -13,631 -15%
GIA
136
Gateway Investment Advisers
Ohio
$4.88M -$728K -13,134 -15%
Public Sector Pension Investment Board (PSP Investments)
137
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$4.85M -$460K -8,300 -10%
Ohio Public Employees Retirement System (OPERS)
138
Ohio Public Employees Retirement System (OPERS)
Ohio
$4.83M +$925K +16,689 +30%
AIMCA
139
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$4.73M +$3.94M +71,000 New
M&T Bank
140
M&T Bank
New York
$4.71M +$118K +2,135 +3%
VFP
141
Verus Financial Partners
Virginia
$4.64M -$265K -4,779 -6%
NFA
142
Nationwide Fund Advisors
Ohio
$4.5M +$11.4K +206 +0.3%
Neuberger Berman Group
143
Neuberger Berman Group
New York
$4.41M
Susquehanna International Group
144
Susquehanna International Group
Pennsylvania
$4.33M +$2.14M +38,626 +147%
MIS
145
Morningstar Investment Services
Illinois
$4.24M +$459K +8,272 +15%
RAM
146
Redmond Asset Management
Virginia
$4.22M -$78.9K -1,423 -2%
GIBU
147
Gulf International Bank (UK)
United Kingdom
$4.22M +$49.9K +900 +1%
Bank of Montreal
148
Bank of Montreal
Ontario, Canada
$4.09M -$1.57M -28,316 -32%
ASRS
149
Arizona State Retirement System
Arizona
$4.01M -$38.8K -700 -1%
USAA
150
United Services Automobile Association
Texas
$3.91M -$84.1K -1,516 -3%

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.