CarMax
378 hedge funds and large institutions have $10.3B invested in CarMax in 2014 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 140 increasing their positions, 142 reducing their positions, and 50 closing their positions.
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
3.43% more ownership
Funds ownership: 94.85% → 98.28% (+3.4%)
3% more capital invested
Capital invested by funds: $9.94B → $10.3B (+$310M)
1% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 142
4% less call options, than puts
Call options by funds: $44.4M | Put options by funds: $46.2M
3% less funds holding
Funds holding: 390 → 378 (-12)
14% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$455M |
| 2 |
TCM
Tiger Consumer Management
New York
|
+$79.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$59.7M |
| 4 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$39.6M |
| 5 |
Harris Associates
Chicago,
Illinois
|
+$35.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$109M |
| 2 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$56.9M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$42.2M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$40.4M |
| 5 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$38.6M |
KMX Hedge Fund Activity: Q1 2014 in Review
378 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2014, worth a combined $10.3B — up 3.1% from $9.94B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of KMX and 43 opened new positions — a net loss of 7 holders — while 142 trimmed existing stakes and 140 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $455M. The largest seller was Gilder Gagnon Howe & Co, exiting entirely with an estimated $109M sold.
- 378 institutional investors held CarMax (KMX) as of Q1 2014, down from 390 in Q4 2013.
- Funds reported $10.3B of CarMax stock for Q1 2014, up 3.1% quarter-over-quarter.
- 43 funds opened new CarMax positions in Q1 2014 and 50 closed out, a net change of -7 holders.
- The largest CarMax buyer in Q1 2014 was T. Rowe Price Associates, an estimated $455M added.
- The largest CarMax seller in Q1 2014 was Gilder Gagnon Howe & Co, an estimated $109M sold.
Based on aggregated 13F filings for Q1 2014.