CarMax
KMX
516 hedge funds and large institutions have $11.7B invested in CarMax in 2017 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 178 increasing their positions, 184 reducing their positions, and 50 closing their positions.
64% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 50
7% more funds holding
Funds holding: 484 → 516 (+32)
8% more call options, than puts
Call options by funds: $142M | Put options by funds: $131M
3% less repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 184
6.77% less ownership
Funds ownership: 108.06% → 101.29% (-6.8%)
21% less capital invested
Capital invested by funds: $14.9B → $11.7B (-$3.17B)
36% less funds holding in top 10
Funds holding in top 10: 25 → 16 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$273M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$62.3M |
| 3 |
MVIP
Mar Vista Investment Partners
Los Angeles,
California
|
+$43.2M |
| 4 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
+$39M |
| 5 |
Morgan Stanley
New York
|
+$36.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$361M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$290M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$251M |
| 4 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$214M |
| 5 |
Goldman Sachs
New York
|
-$105M |
KMX Hedge Fund Activity: Q4 2017 in Review
516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2017, worth a combined $11.7B — down 21% from $14.9B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new KMX positions and 50 closed out — a net gain of 32 holders — while 178 added to existing stakes and 184 trimmed.
The largest buyer was OppenheimerFunds, adding an estimated $273M. The largest seller was Baillie Gifford & Co, cutting an estimated $361M.
- 516 institutional investors held CarMax (KMX) as of Q4 2017, up from 484 in Q3 2017.
- Funds reported $11.7B of CarMax stock for Q4 2017, down 21% quarter-over-quarter.
- 82 funds opened new CarMax positions in Q4 2017 and 50 closed out, a net change of +32 holders.
- The largest CarMax buyer in Q4 2017 was OppenheimerFunds, an estimated $273M added.
- The largest CarMax seller in Q4 2017 was Baillie Gifford & Co, an estimated $361M sold.
Based on aggregated 13F filings for Q4 2017.