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CarMax
KMX

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: 9 → 21 (+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: 377 → 404 (+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

Top Buyers

1
BCPEM
Bain Capital Public Equity Management
Massachusetts
+$110M
2
Deutsche Bank
Deutsche Bank
Germany
+$91M
3
SAM
Scopus Asset Management
New York
+$66.3M
4
JWBC
John W. Bristol & Co
New York
+$51M
5
ABI
Abrams Bison Investments
Maryland
+$36M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$185M
2
Wells Fargo
Wells Fargo
California
-$173M
3
WM
WS Management
Florida
-$49M
4
Capital World Investors
Capital World Investors
California
-$41.8M
5
ACM
Atlanta Capital Management
Georgia
-$38.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
OPCM
151
Osborne Partners Capital Management
California
$3.89M +$104K +1,870 +3%
RCM
152
Riverhead Capital Management
Delaware
$3.89M +$82.2K +1,482 +3%
Zurich Cantonal Bank
153
Zurich Cantonal Bank
Switzerland
$3.85M +$107K +1,932 +3%
LPL Financial
154
LPL Financial
California
$3.74M +$2.32M +41,865 +292%
IRF
155
IBM Retirement Fund
New York
$3.65M +$136K +2,448 +5%
HIMCH
156
Hartford Investment Management Co (HIMCO)
Connecticut
$3.58M -$107K -1,931 -3%
AAM
157
Aberdeen Asset Management
United Kingdom
$3.58M -$1.48M -26,764 -33%
ACI
158
AMP Capital Investors
Australia
$3.52M +$189K +3,404 +7%
MPWT
159
MassMutual Private Wealth & Trust
Connecticut
$3.51M -$1.08M -19,544 -27%
Public Employees Retirement Association of Colorado
160
Public Employees Retirement Association of Colorado
Colorado
$3.49M -$220K -3,972 -7%
FTI
161
Fiduciary Trust International
Massachusetts
$3.47M – – –
Natixis Advisors
162
Natixis Advisors
Massachusetts
$3.46M -$265K -4,788 -8%
MSA
163
Mason Street Advisors
Wisconsin
$3.43M -$83.6K -1,508 -3%
FAF
164
Fjarde Ap-fonden
Sweden
$3.43M -$331K -5,972 -10%
BCM
165
Bridgeway Capital Management
Texas
$3.4M +$2.83M +51,100 New
EIM
166
ExxonMobil Investment Management
Texas
$3.38M -$163K -2,941 -5%
RFC
167
Russell Frank Company
Washington
$3.34M +$35K +632 +1%
CCMH
168
Cornerstone Capital Management Holdings
New York
$3.33M +$17.2K +311 +0.6%
US Bancorp
169
US Bancorp
Minnesota
$3.31M +$407K +7,341 +17%
GT
170
Glenmede Trust
Pennsylvania
$3.28M -$1.22K -22 -0%
Daiwa Securities Group
171
Daiwa Securities Group
Japan
$3.18M -$255K -4,600 -9%
AG
172
Aperio Group
California
$3.15M -$44.6K -805 -2%
UBS Group
173
UBS Group
Switzerland
$3.04M +$2.53M +45,701 New
Arrowstreet Capital
174
Arrowstreet Capital
Massachusetts
$2.91M +$2.42M +43,694 New
HHMI
175
Howard Hughes Medical Institute
Maryland
$2.87M +$1.59M +28,762 +201%
5 6
7
8 9

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.