CarMax
405 hedge funds and large institutions have $14.5B 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.
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: $10.3B → $14.5B (+$4.19B)
7% more funds holding
Funds holding: 378 → 405 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
+$110M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
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
Bethesda,
Maryland
|
+$36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$185M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$173M |
| 3 |
WM
WS Management
Jacksonville,
Florida
|
-$49M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$41.8M |
| 5 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
-$38.6M |
KMX Hedge Fund Activity: Q4 2014 in Review
405 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2014, worth a combined $14.5B — up 41% from $10.3B 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.
- 405 institutional investors held CarMax (KMX) as of Q4 2014, up from 378 in Q3 2014.
- Funds reported $14.5B 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.