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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.

New
Increased
Maintained
Reduced
Closed

11% more funds holding in top 10

Funds holding in top 10: 910 (+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: 390378 (-12)

14% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 50

Holders
378
Holders Change
-12
Holders Change %
-3.08%
% of All Funds
10.92%
Holding in Top 10
10
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+11.11%
% of All Funds
0.29%
New
43
Increased
140
Reduced
142
Closed
50
Calls
$44.4M
Puts
$46.2M
Net Calls
-$1.86M
Net Calls Change
-$4.3M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$1.58B +$455M +9,744,633 +40%
Vanguard Group
2
Vanguard Group
Pennsylvania
$720M +$19.6M +418,685 +3%
Primecap Management
3
Primecap Management
California
$634M +$29.2M +624,976 +5%
Wells Fargo
4
Wells Fargo
California
$551M +$59.7M +1,279,070 +12%
DSA
5
Davis Selected Advisers
Arizona
$414M -$38.6M -826,104 -9%
State Street
6
State Street
Massachusetts
$407M -$29.3M -628,128 -7%
Dodge & Cox
7
Dodge & Cox
California
$357M -$785K -16,817 -0.2%
Baillie Gifford & Co
8
Baillie Gifford & Co
United Kingdom
$311M +$12.5M +267,666 +4%
BIT
9
BlackRock Institutional Trust
California
$268M -$7.72M -165,254 -3%
MG
10
Markel Group
Virginia
$232M -$2.95M -63,218 -1%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$220M -$7.81M -167,122 -3%
TCIM
12
TIAA CREF Investment Management
New York
$206M +$4.31M +92,258 +2%
Harris Associates
13
Harris Associates
Illinois
$198M +$35.2M +754,001 +22%
SP
14
Sarasin & Partners
United Kingdom
$192M +$26.1M +558,948 +16%
BAMCO Inc
15
BAMCO Inc
New York
$185M +$18.4M +393,342 +11%
Wellington Management Group
16
Wellington Management Group
Massachusetts
$147M +$11.8M +251,600 +9%
WRF
17
Waddell & Reed Financial
Kansas
$144M -$7.43M -159,141 -5%
Northern Trust
18
Northern Trust
Illinois
$143M +$8.89M +190,258 +7%
Principal Financial Group
19
Principal Financial Group
Iowa
$134M +$12.3M +264,304 +10%
BFA
20
BlackRock Fund Advisors
California
$125M -$989K -21,165 -0.8%
LCOV
21
London Company of Virginia
Virginia
$119M +$1.65M +35,419 +1%
WM
22
WS Management
Florida
$114M
DC
23
Davenport & Co
Virginia
$104M +$3.29M +70,440 +3%
BRIM
24
Broad Run Investment Management
Virginia
$100M +$3.13M +66,932 +3%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$99.4M -$2.82M -60,341 -3%

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.