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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
Ohio Public Employees Retirement System (OPERS)
151
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.89M -$596K -12,754 -17%
CA
152
Commerzbank Aktiengesellschaft
Germany
$2.86M -$571K -12,236 -17%
CC
153
Cannell & Co
New York
$2.85M +$2.85M +60,965 New
U
154
UBS
Switzerland
$2.85M -$678K -14,515 -19%
USAA
155
United Services Automobile Association
Texas
$2.82M +$71K +1,520 +3%
HIMCH
156
Hartford Investment Management Co (HIMCO)
Connecticut
$2.81M -$155K -3,326 -5%
D.E. Shaw & Co
157
D.E. Shaw & Co
New York
$2.8M -$470K -10,070 -14%
M&T Bank
158
M&T Bank
New York
$2.76M +$108K +2,322 +4%
EIM
159
ExxonMobil Investment Management
Texas
$2.74M +$15K +322 +0.6%
IRF
160
IBM Retirement Fund
New York
$2.71M -$1.5M -32,103 -36%
JHIU
161
Janus Henderson Investors US
Colorado
$2.67M -$14M -300,500 -84%
LBG
162
Lloyds Banking Group
United Kingdom
$2.65M +$179K +3,839 +7%
RAM
163
Redmond Asset Management
Virginia
$2.61M +$10.3K +220 +0.4%
VKH
164
Virtu KCG Holdings
New York
$2.55M +$1.84M +39,473 +262%
LPL Financial
165
LPL Financial
California
$2.5M +$1.92M +41,036 +334%
Stifel Financial
166
Stifel Financial
Missouri
$2.42M +$2.42M +51,760 New
Royal London Asset Management
167
Royal London Asset Management
United Kingdom
$2.4M -$10.4K -223 -0.4%
CCMH
168
Cornerstone Capital Management Holdings
New York
$2.35M -$154K -3,299 -6%
SONJCPFA
169
State of New Jersey Common Pension Fund A
New Jersey
$2.34M -$2.1M -45,000 -47%
PGCM
170
Prescott Group Capital Management
Oklahoma
$2.31M -$360K -7,700 -13%
ACI
171
AMP Capital Investors
Australia
$2.29M -$1.12M -23,954 -32%
RCM
172
Riverhead Capital Management
Delaware
$2.18M +$13.5K +288 +0.6%
MIS
173
Morningstar Investment Services
Illinois
$2.17M +$382K +8,182 +21%
FTI
174
Fiduciary Trust International
Massachusetts
$2.14M
Mitsubishi UFJ Asset Management
175
Mitsubishi UFJ Asset Management
Japan
$2.12M +$85.4K +1,829 +4%

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.