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CarMax
KMX

423 hedge funds and large institutions have $12.4B invested in CarMax in 2015 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 160 increasing their positions, 158 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.4% more ownership

Funds ownership: 100.45% → 106.85% (+6.4%)

1% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 158

2% less funds holding

Funds holding: 433 → 423 (-10)

7% less capital invested

Capital invested by funds: $13.4B → $12.4B (-$998M)

15% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 52

19% less call options, than puts

Call options by funds: $115M | Put options by funds: $142M

23% less funds holding in top 10

Funds holding in top 10: 22 → 17 (-5)

Holders
423
Holders Change
-10
Holders Change %
-2.31%
% of All Funds
11.1%
Holding in Top 10
17
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-22.73%
% of All Funds
0.45%
New
44
Increased
160
Reduced
158
Closed
52
Calls
$115M
Puts
$142M
Net Calls
-$26.5M
Net Calls Change
-$6.94M

Top Buyers

1
Principal Financial Group
Principal Financial Group
Iowa
+$80.2M
2
Primecap Management
Primecap Management
California
+$79.4M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$79.2M
4
Citadel Advisors
Citadel Advisors
Florida
+$75.1M
5
Harris Associates
Harris Associates
Illinois
+$65.3M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$49.1M
2
TCIM
TIAA CREF Investment Management
New York
-$48M
3
FPA
First Pacific Advisors
California
-$45.1M
4
Wells Fargo
Wells Fargo
California
-$44.7M
5
ESCM
Echo Street Capital Management
New York
-$36.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
VRS
176
Virginia Retirement Systems
Virginia
$2.71M -$153K -2,683 -5%
GEM
177
Global Endowment Management
North Carolina
$2.7M – – –
Parallax Volatility Advisers
178
Parallax Volatility Advisers
California
$2.7M +$1.46M +25,499 +104%
AMAL
179
Asset Management Advisors LLC
Oklahoma
$2.68M -$180K -3,160 -6%
HIMCH
180
Hartford Investment Management Co (HIMCO)
Connecticut
$2.63M -$159K -2,790 -5%
TG
181
TCW Group
California
$2.59M +$457K +8,003 +20%
VFP
182
Verus Financial Partners
Virginia
$2.58M -$77.5K -1,358 -3%
Public Employees Retirement Association of Colorado
183
Public Employees Retirement Association of Colorado
Colorado
$2.58M -$64.8K -1,135 -2%
RJFSA
184
Raymond James Financial Services Advisors
Florida
$2.54M +$2.69M +47,060 New
PCC
185
Park Circle Company
Maryland
$2.52M – – –
EIM
186
ExxonMobil Investment Management
Texas
$2.45M -$134K -2,339 -5%
CCMH
187
Cornerstone Capital Management Holdings
New York
$2.39M -$123K -2,156 -5%
Skandinaviska Enskilda Banken (SEB)
188
Skandinaviska Enskilda Banken (SEB)
Sweden
$2.35M +$2.48M +43,510 New
Comerica Bank
189
Comerica Bank
Texas
$2.33M -$101K -1,761 -3%
FAF
190
Fjarde Ap-fonden
Sweden
$2.25M +$28.7K +502 +1%
Handelsbanken Fonder
191
Handelsbanken Fonder
Sweden
$2.19M +$2.32M +40,615 New
PC
192
Pecaut & Co
Iowa
$2.13M -$51.4K -900 -2%
SGAM
193
Steinberg Global Asset Management
Florida
$2.12M +$91.7K +1,607 +4%
FAM
194
Fred Alger Management
New York
$2.11M -$862K -15,093 -28%
Allianz Asset Management
195
Allianz Asset Management
Germany
$2.05M +$596K +10,436 +39%
URS
196
Utah Retirement Systems
Utah
$2.02M – – –
SSWM
197
Sheets Smith Wealth Management
North Carolina
$2M +$2.11M +37,000 New
FTI
198
Fiduciary Trust International
Massachusetts
$1.99M -$976K -17,100 -32%
NB
199
Norinchukin Bank
Japan
$1.85M -$20.3K -355 -1%
Marshall Wace
200
Marshall Wace
United Kingdom
$1.77M +$1.87M +32,797 New
6 7
8
9 10

KMX Hedge Fund Activity: Q4 2015 in Review

423 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2015, worth a combined $12.4B — down 7.5% from $13.4B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of KMX and 44 opened new positions — a net loss of 8 holders — while 158 trimmed existing stakes and 160 added.

The largest buyer was Principal Financial Group, adding an estimated $80.2M. The largest seller was Deutsche Bank, cutting an estimated $49.1M.

  • 423 institutional investors held CarMax (KMX) as of Q4 2015, down from 433 in Q3 2015.
  • Funds reported $12.4B of CarMax stock for Q4 2015, down 7.5% quarter-over-quarter.
  • 44 funds opened new CarMax positions in Q4 2015 and 52 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q4 2015 was Principal Financial Group, an estimated $80.2M added.
  • The largest CarMax seller in Q4 2015 was Deutsche Bank, an estimated $49.1M sold.

Based on aggregated 13F filings for Q4 2015.