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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: 921 (+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: 377404 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$2.07B -$185M -3,340,627 -10%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.07B +$17.5M +316,350 +2%
Primecap Management
3
Primecap Management
California
$881M -$4.58M -82,595 -0.6%
DSA
4
Davis Selected Advisers
Arizona
$781M +$25.4M +458,902 +4%
State Street
5
State Street
Massachusetts
$630M +$29.4M +530,892 +6%
Dodge & Cox
6
Dodge & Cox
California
$499M -$6.18M -111,539 -1%
Baillie Gifford & Co
7
Baillie Gifford & Co
United Kingdom
$494M +$33.5M +603,334 +9%
Wells Fargo
8
Wells Fargo
California
$469M -$173M -3,111,839 -31%
Harris Associates
9
Harris Associates
Illinois
$421M -$3.31M -59,743 -0.9%
BIT
10
BlackRock Institutional Trust
California
$371M -$2.97M -53,508 -1%
MG
11
Markel Group
Virginia
$330M
BAMCO Inc
12
BAMCO Inc
New York
$283M -$8.65M -156,001 -4%
SP
13
Sarasin & Partners
United Kingdom
$251M -$16.3M -294,591 -7%
Wellington Management Group
14
Wellington Management Group
Massachusetts
$248M -$14M -253,024 -6%
Principal Financial Group
15
Principal Financial Group
Iowa
$225M +$1.99M +35,849 +1%
ABI
16
Abrams Bison Investments
Maryland
$216M +$36M +649,674 +25%
BFA
17
BlackRock Fund Advisors
California
$198M +$12.5M +226,201 +8%
Northern Trust
18
Northern Trust
Illinois
$196M -$1.9M -34,337 -1%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$190M -$20.7M -373,282 -12%
LCOV
20
London Company of Virginia
Virginia
$176M +$6.13M +110,475 +4%
Deutsche Bank
21
Deutsche Bank
Germany
$165M +$91M +1,641,586 +197%
DC
22
Davenport & Co
Virginia
$149M -$3.01M -54,315 -2%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$143M -$1.06M -19,135 -0.9%
BRIM
24
Broad Run Investment Management
Virginia
$143M +$70.6K +1,274 +0.1%
BCPEM
25
Bain Capital Public Equity Management
Massachusetts
$132M +$110M +1,984,110 New

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.