CarMax
378 hedge funds and large institutions have $10.3B invested in CarMax in 2014 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 122 increasing their positions, 158 reducing their positions, and 29 closing their positions.
28% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 29
1% more funds holding
Funds holding: 373 → 378 (+5)
1.33% more ownership
Funds ownership: 100.81% → 102.13% (+1.3%)
10% less capital invested
Capital invested by funds: $11.5B → $10.3B (-$1.17B)
23% less repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 158
31% less funds holding in top 10
Funds holding in top 10: 13 → 9 (-4)
61% less call options, than puts
Call options by funds: $39.8M | Put options by funds: $101M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
+$84.1M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$73.7M |
| 3 |
SC
Salzman & Co
Pittsford,
New York
|
+$33.3M |
| 4 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
+$30.5M |
| 5 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
+$28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$87.6M |
| 2 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
-$79.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$76.5M |
| 4 |
EC
Eminence Capital
New York
|
-$29.2M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$26.2M |
KMX Hedge Fund Activity: Q3 2014 in Review
378 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2014, worth a combined $10.3B — down 10% from $11.5B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new KMX positions and 29 closed out — a net gain of 8 holders — while 122 added to existing stakes and 158 trimmed.
The largest buyer was Abrams Bison Investments, adding an estimated $84.1M. The largest seller was Norges Bank, cutting an estimated $87.6M.
- 378 institutional investors held CarMax (KMX) as of Q3 2014, up from 373 in Q2 2014.
- Funds reported $10.3B of CarMax stock for Q3 2014, down 10% quarter-over-quarter.
- 37 funds opened new CarMax positions in Q3 2014 and 29 closed out, a net change of +8 holders.
- The largest CarMax buyer in Q3 2014 was Abrams Bison Investments, an estimated $84.1M added.
- The largest CarMax seller in Q3 2014 was Norges Bank, an estimated $87.6M sold.
Based on aggregated 13F filings for Q3 2014.