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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
NMIMC
201
Northwestern Mutual Investment Management Company
Wisconsin
$1.75M +$1.6K +28 +0.1%
Credit Agricole
202
Credit Agricole
France
$1.74M -$455K -7,976 -20%
Zurich Cantonal Bank
203
Zurich Cantonal Bank
Switzerland
$1.73M -$421K -7,380 -19%
OPERF
204
Oregon Public Employees Retirement Fund
Oregon
$1.72M -$822K -14,400 -31%
SCM
205
Sterling Capital Management
North Carolina
$1.7M +$1.34M +23,456 +294%
SBA
206
Seven Bridges Advisors
New York
$1.7M +$1.79M +31,400 New
Mitsubishi UFJ Asset Management
207
Mitsubishi UFJ Asset Management
Japan
$1.61M +$104K +1,820 +6%
ProShare Advisors
208
ProShare Advisors
Maryland
$1.59M +$57.5K +1,007 +4%
Janus Henderson Group
209
Janus Henderson Group
United Kingdom
$1.57M – – –
RFS
210
Rockefeller Financial Services
New York
$1.54M – – –
State of Tennessee, Department of Treasury
211
State of Tennessee, Department of Treasury
Tennessee
$1.53M -$3.63M -63,580 -69%
DRS
212
Deane Retirement Strategies
Louisiana
$1.52M +$1.61M +28,124 New
AQR Capital Management
213
AQR Capital Management
Connecticut
$1.48M +$78.4K +1,373 +5%
HighTower Advisors
214
HighTower Advisors
Illinois
$1.44M -$129K -2,254 -8%
PRS
215
Pinkerton Retirement Specialists
Idaho
$1.44M +$42.8K +750 +3%
MSA
216
Mason Street Advisors
Wisconsin
$1.43M -$25.5K -446 -2%
GH
217
GAM Holding
Switzerland
$1.4M +$94.9K +1,662 +7%
State of New Jersey Common Pension Fund D
218
State of New Jersey Common Pension Fund D
New Jersey
$1.35M – – –
AAF
219
Andra AP-fonden
Sweden
$1.34M -$211K -3,700 -13%
PAM
220
Panagora Asset Management
Massachusetts
$1.33M – – –
Nomura Asset Management
221
Nomura Asset Management
Japan
$1.31M – – –
PI
222
Putnam Investments
Massachusetts
$1.31M +$1.12M +19,675 +422%
Calamos Advisors
223
Calamos Advisors
Illinois
$1.28M – – –
HT
224
HAP Trading
New York
$1.28M +$1.36M +23,807 New
FCH
225
Freestone Capital Holdings
Washington
$1.26M -$89.6K -1,569 -6%
7 8
9
10 11

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.