CarMax
KMX
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.
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: 677 → 680 (+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: 27 → 24 (-3)
26% less call options, than puts
Call options by funds: $198M | Put options by funds: $269M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$99.1M |
| 2 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$57M |
| 3 |
TPI
Tesco Pension Investment
London,
United Kingdom
|
+$49.8M |
| 4 |
Holocene Advisors
New York
|
+$40.3M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$28.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$109M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$60.1M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$48.9M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$38.1M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$33.9M |
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.