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CarMax
KMX

404 hedge funds and large institutions have $14.3B invested in CarMax in 2014 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 122 increasing their positions, 170 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more funds holding in top 10

Funds holding in top 10: 9 → 21 (+12)

115% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 27

41% more capital invested

Capital invested by funds: $10.2B → $14.3B (+$4.13B)

7% more funds holding

Funds holding: 377 → 404 (+27)

0.95% more ownership

Funds ownership: 102.13% → 103.08% (+0.95%)

28% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 170

34% less call options, than puts

Call options by funds: $95.5M | Put options by funds: $144M

Holders
404
Holders Change
+27
Holders Change %
+7.16%
% of All Funds
10.78%
Holding in Top 10
21
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+133.33%
% of All Funds
0.56%
New
58
Increased
122
Reduced
170
Closed
27
Calls
$95.5M
Puts
$144M
Net Calls
-$48.3M
Net Calls Change
+$12.9M

Top Buyers

1
BCPEM
Bain Capital Public Equity Management
Massachusetts
+$110M
2
Deutsche Bank
Deutsche Bank
Germany
+$91M
3
SAM
Scopus Asset Management
New York
+$66.3M
4
JWBC
John W. Bristol & Co
New York
+$51M
5
ABI
Abrams Bison Investments
Maryland
+$36M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$185M
2
Wells Fargo
Wells Fargo
California
-$173M
3
WM
WS Management
Florida
-$49M
4
Capital World Investors
Capital World Investors
California
-$41.8M
5
ACM
Atlanta Capital Management
Georgia
-$38.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
CG
201
Clinton Group
New York
$1.97M +$436K +7,867 +36%
Janus Henderson Group
202
Janus Henderson Group
United Kingdom
$1.94M – – –
CSS
203
Cubist Systematic Strategies
Connecticut
$1.91M -$1.19M -21,534 -43%
JG
204
Jefferies Group
New York
$1.91M -$703K -12,683 -31%
HW
205
Hedeker Wealth
Illinois
$1.88M +$1.57M +28,240 New
FCH
206
Freestone Capital Holdings
Washington
$1.82M +$10.3K +185 +0.7%
NMERB
207
New Mexico Educational Retirement Board
New Mexico
$1.77M -$161K -2,900 -10%
ClearBridge Investments
208
ClearBridge Investments
New York
$1.69M +$559K +10,075 +66%
Nomura Asset Management
209
Nomura Asset Management
Japan
$1.69M -$40.5K -730 -3%
WAM
210
World Asset Management
Michigan
$1.68M -$330K -5,955 -19%
PP
211
Paloma Partners
Connecticut
$1.68M +$596K +10,749 +75%
Calamos Advisors
212
Calamos Advisors
Illinois
$1.67M -$1.1M -19,870 -44%
State of New Jersey Common Pension Fund D
213
State of New Jersey Common Pension Fund D
New Jersey
$1.67M -$1.11M -20,000 -44%
RCM
214
Rotella Capital Management
Washington
$1.63M +$1.35M +24,400 New
GH
215
GAM Holding
Switzerland
$1.58M -$4.88K -88 -0.4%
IPC
216
Independent Portfolio Consultants
Florida
$1.57M +$885K +15,957 +208%
MOACM
217
Mutual of America Capital Management
New York
$1.55M -$12.7K -229 -1%
SC
218
ShearLink Capital
New York
$1.53M +$1.28M +23,000 New
GL
219
GLG LLC
New York
$1.48M – – –
SLI
220
Sumitomo Life Insurance
Japan
$1.41M -$713K -12,850 -38%
Asset Management One
221
Asset Management One
Japan
$1.4M -$221K -3,983 -16%
N
222
Nuveen
North Carolina
$1.39M -$13.4M -242,467 -92%
GEM
223
Global Endowment Management
North Carolina
$1.36M +$1.14M +20,500 New
GS
224
Gagnon Securities
New York
$1.36M +$134K +2,413 +13%
CIBC Asset Management
225
CIBC Asset Management
Ontario, Canada
$1.35M -$398K -7,183 -26%
7 8
9
10 11

KMX Hedge Fund Activity: Q4 2014 in Review

404 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2014, worth a combined $14.3B — up 41% from $10.2B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new KMX positions and 27 closed out — a net gain of 31 holders — while 122 added to existing stakes and 170 trimmed.

The largest buyer was Bain Capital Public Equity Management, opening a new position worth an estimated $110M. The largest seller was T. Rowe Price Associates, cutting an estimated $185M.

  • 404 institutional investors held CarMax (KMX) as of Q4 2014, up from 377 in Q3 2014.
  • Funds reported $14.3B of CarMax stock for Q4 2014, up 41% quarter-over-quarter.
  • 58 funds opened new CarMax positions in Q4 2014 and 27 closed out, a net change of +31 holders.
  • The largest CarMax buyer in Q4 2014 was Bain Capital Public Equity Management, an estimated $110M added.
  • The largest CarMax seller in Q4 2014 was T. Rowe Price Associates, an estimated $185M sold.

Based on aggregated 13F filings for Q4 2014.