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680 hedge funds and large institutions have $19.9B invested in CarMax in 2021 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 236 increasing their positions, 231 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 50

2% more repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 231

0% more funds holding

Funds holding: 677680 (+3)

2% less capital invested

Capital invested by funds: $20.3B → $19.9B (-$416M)

1.21% less ownership

Funds ownership: 96.5%95.28% (-1.2%)

11% less funds holding in top 10

Funds holding in top 10: 2724 (-3)

26% less call options, than puts

Call options by funds: $198M | Put options by funds: $269M

Holders
680
Holders Change
+3
Holders Change %
+0.44%
% of All Funds
11.9%
Holding in Top 10
24
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-11.11%
% of All Funds
0.42%
New
63
Increased
236
Reduced
231
Closed
50
Calls
$198M
Puts
$269M
Net Calls
-$71M
Net Calls Change
-$89.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Citigroup
126
Citigroup
New York
$11.4M -$2.4M -18,022 -17%
LWIC
127
Leith Wheeler Investment Counsel
British Columbia, Canada
$11.1M +$137K +1,030 +1%
MML Investors Services
128
MML Investors Services
Massachusetts
$11M +$1.73M +12,972 +18%
2
129
2Xideas
Switzerland
$11M +$2.01M +15,100 +21%
LRIC
130
Long Road Investment Counsel
Michigan
$11M
LPL Financial
131
LPL Financial
California
$10.9M +$2.6M +19,529 +30%
MPWT
132
MassMutual Private Wealth & Trust
Connecticut
$10.8M +$1.03M +7,741 +10%
VOYA Investment Management
133
VOYA Investment Management
Georgia
$10.6M -$206K -1,548 -2%
Toronto Dominion Bank
134
Toronto Dominion Bank
Ontario, Canada
$10.5M -$1.7M -12,745 -13%
Comerica Bank
135
Comerica Bank
Texas
$10.3M +$514K +3,863 +6%
Russell Investments Group
136
Russell Investments Group
United Kingdom
$10M -$1.85M -13,919 -16%
State of Wisconsin Investment Board
137
State of Wisconsin Investment Board
Wisconsin
$10M +$177K +1,328 +2%
PAMS
138
Pictet Asset Management (Switzerland)
Switzerland
$9.93M +$10.3M +77,585 New
BCM
139
Banyan Capital Management
Georgia
$9.89M -$59.1K -444 -0.6%
Asset Management One
140
Asset Management One
Japan
$9.24M -$255K -1,914 -3%
SL
141
SIB LLC
New York
$9.21M
Victory Capital Management
142
Victory Capital Management
Texas
$9.07M -$19.2M -144,277 -67%
BAM
143
Blueshift Asset Management
New Jersey
$8.92M -$615K -4,623 -6%
Handelsbanken Fonder
144
Handelsbanken Fonder
Sweden
$8.7M
Mitsubishi UFJ Asset Management
145
Mitsubishi UFJ Asset Management
Japan
$8.54M +$662K +4,976 +8%
SEI Investments
146
SEI Investments
Pennsylvania
$8.45M +$311K +2,334 +4%
BAMCO Inc
147
BAMCO Inc
New York
$8.39M -$35.3K -265 -0.4%
Fidelity Investments
148
Fidelity Investments
Massachusetts
$8.39M -$1.04M -7,811 -11%
CSIC
149
Clifford Swan Investment Counsel
California
$8.35M -$47.6K -358 -0.6%
Aberdeen Group
150
Aberdeen Group
United Kingdom
$8.22M -$586K -4,403 -6%

KMX Hedge Fund Activity: Q3 2021 in Review

680 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2021, worth a combined $19.9B — down 2% from $20.3B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new KMX positions and 50 closed out — a net gain of 13 holders — while 236 added to existing stakes and 231 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $99.1M. The largest seller was JP Morgan Chase, cutting an estimated $109M.

  • 680 institutional investors held CarMax (KMX) as of Q3 2021, up from 677 in Q2 2021.
  • Funds reported $19.9B of CarMax stock for Q3 2021, down 2% quarter-over-quarter.
  • 63 funds opened new CarMax positions in Q3 2021 and 50 closed out, a net change of +13 holders.
  • The largest CarMax buyer in Q3 2021 was Manulife (Manufacturers Life Insurance), an estimated $99.1M added.
  • The largest CarMax seller in Q3 2021 was JP Morgan Chase, an estimated $109M sold.

Based on aggregated 13F filings for Q3 2021.