CarMax
561 hedge funds and large institutions have $12.3B invested in CarMax in 2019 Q1 according to their latest regulatory filings, with 83 funds opening new positions, 204 increasing their positions, 187 reducing their positions, and 51 closing their positions.
63% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 51
12% more capital invested
Capital invested by funds: $11B → $12.3B (+$1.3B)
5% more funds holding
Funds holding: 533 → 561 (+28)
1.48% more ownership
Funds ownership: 102.3% → 103.78% (+1.5%)
9% more repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 187
7% less funds holding in top 10
Funds holding in top 10: 30 → 28 (-2)
45% less call options, than puts
Call options by funds: $139M | Put options by funds: $253M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
+$88.4M |
| 2 |
HFS
HL Financial Services
Louisville,
Kentucky
|
+$68.6M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
+$65.6M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$41.8M |
| 5 |
BTP
Bloom Tree Partners
New York
|
+$40.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$182M |
| 2 |
SA
SQ Advisors
Naples,
Florida
|
-$151M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$45.6M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$35.9M |
| 5 |
Goldman Sachs
New York
|
-$34.4M |
KMX Hedge Fund Activity: Q1 2019 in Review
561 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2019, worth a combined $12.3B — up 12% from $11B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new KMX positions and 51 closed out — a net gain of 32 holders — while 204 added to existing stakes and 187 trimmed.
The largest buyer was Palestra Capital Management, opening a new position worth an estimated $88.4M. The largest seller was T. Rowe Price Associates, cutting an estimated $182M.
- 561 institutional investors held CarMax (KMX) as of Q1 2019, up from 533 in Q4 2018.
- Funds reported $12.3B of CarMax stock for Q1 2019, up 12% quarter-over-quarter.
- 83 funds opened new CarMax positions in Q1 2019 and 51 closed out, a net change of +32 holders.
- The largest CarMax buyer in Q1 2019 was Palestra Capital Management, an estimated $88.4M added.
- The largest CarMax seller in Q1 2019 was T. Rowe Price Associates, an estimated $182M sold.
Based on aggregated 13F filings for Q1 2019.