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638 hedge funds and large institutions have $14.4B invested in CarMax in 2019 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 201 increasing their positions, 230 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 44

9% more funds holding

Funds holding: 585638 (+53)

2% less capital invested

Capital invested by funds: $14.8B → $14.4B (-$367M)

1.77% less ownership

Funds ownership: 102.13%100.37% (-1.8%)

8% less funds holding in top 10

Funds holding in top 10: 3734 (-3)

13% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 230

36% less call options, than puts

Call options by funds: $106M | Put options by funds: $166M

Holders
638
Holders Change
+53
Holders Change %
+9.06%
% of All Funds
12.57%
Holding in Top 10
34
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-8.11%
% of All Funds
0.67%
New
108
Increased
201
Reduced
230
Closed
44
Calls
$106M
Puts
$166M
Net Calls
-$60.2M
Net Calls Change
-$8.99M
Name Holding Trade Value Shares
Change
Change in
Stake
MA
176
Montag & Associates
Georgia
$5.67M +$169K +1,800 +3%
Teacher Retirement System of Texas
177
Teacher Retirement System of Texas
Texas
$5.6M -$4.2M -44,673 -41%
MPWT
178
MassMutual Private Wealth & Trust
Connecticut
$5.56M -$335K -3,556 -5%
Royal London Asset Management
179
Royal London Asset Management
United Kingdom
$5.52M -$194K -2,066 -3%
First Trust Advisors
180
First Trust Advisors
Illinois
$5.46M -$1.67M -17,802 -22%
AIG
181
American International Group
New York
$5.4M +$108K +1,149 +2%
TU
182
TDAM USA
Ontario, Canada
$5.3M -$87.4K -929 -2%
BA
183
Bridgewater Associates
Connecticut
$5.29M +$5.68M +60,342 New
RPI
184
Railway Pension Investments
United Kingdom
$5.16M +$2.68M +28,500 +94%
Aviva
185
Aviva
United Kingdom
$5.09M -$37.8K -402 -0.7%
Ohio Public Employees Retirement System (OPERS)
186
Ohio Public Employees Retirement System (OPERS)
Ohio
$4.95M -$47.7K -507 -0.9%
AIMCA
187
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$4.95M
GWM
188
Graybill Wealth Management
Illinois
$4.92M +$119K +1,270 +2%
AOWM
189
Alpha Omega Wealth Management
Virginia
$4.83M -$78.5K -835 -1%
Comerica Bank
190
Comerica Bank
Texas
$4.79M +$920K +9,784 +25%
TRSOTSOK
191
Teachers Retirement System of the State of Kentucky
Kentucky
$4.75M -$438K -4,660 -8%
CSIC
192
Clifford Swan Investment Counsel
California
$4.75M +$58.3K +620 +1%
FAF
193
Fjarde Ap-fonden
Sweden
$4.7M +$245K +2,600 +5%
Bank of Nova Scotia
194
Bank of Nova Scotia
Ontario, Canada
$4.59M +$1.71M +18,219 +53%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
195
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$4.56M +$4.89M +52,000 New
JMPWA
196
JP Morgan Private Wealth Advisors
California
$4.47M +$51.6K +548 +1%
Capital Fund Management (CFM)
197
Capital Fund Management (CFM)
France
$4.34M +$4.66M +49,523 New
ACI
198
AMP Capital Investors
Australia
$4.27M
Jane Street
199
Jane Street
New York
$4.1M +$2.68M +28,524 +156%
M&T Bank
200
M&T Bank
New York
$3.97M -$324K -3,442 -7%

KMX Hedge Fund Activity: Q4 2019 in Review

638 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2019, worth a combined $14.4B — down 2.5% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new KMX positions and 44 closed out — a net gain of 64 holders — while 201 added to existing stakes and 230 trimmed.

The largest buyer was Truist Financial, adding an estimated $79.7M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $176M.

  • 638 institutional investors held CarMax (KMX) as of Q4 2019, up from 585 in Q3 2019.
  • Funds reported $14.4B of CarMax stock for Q4 2019, down 2.5% quarter-over-quarter.
  • 108 funds opened new CarMax positions in Q4 2019 and 44 closed out, a net change of +64 holders.
  • The largest CarMax buyer in Q4 2019 was Truist Financial, an estimated $79.7M added.
  • The largest CarMax seller in Q4 2019 was Ruane, Cunniff & Goldfarb, an estimated $176M sold.

Based on aggregated 13F filings for Q4 2019.