CarMax
424 hedge funds and large institutions have $14.8B invested in CarMax in 2015 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 130 increasing their positions, 180 reducing their positions, and 34 closing their positions.
74% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 34
5% more funds holding
Funds holding: 405 → 424 (+19)
2% more capital invested
Capital invested by funds: $14.5B → $14.8B (+$321M)
0% less call options, than puts
Call options by funds: $78.4M | Put options by funds: $78.8M
0.98% less ownership
Funds ownership: 103.08% → 102.1% (-0.98%)
10% less funds holding in top 10
Funds holding in top 10: 21 → 19 (-2)
28% less repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 180
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$67.5M |
| 2 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
+$40.2M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$33.3M |
| 4 |
IIM
Ivory Investment Management
New York
|
+$24.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$114M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$87.9M |
| 3 |
Dodge & Cox
San Francisco,
California
|
-$53.6M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$34.3M |
| 5 |
State Street
Boston,
Massachusetts
|
-$32.5M |
KMX Hedge Fund Activity: Q1 2015 in Review
424 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2015, worth a combined $14.8B — up 2.2% from $14.5B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new KMX positions and 34 closed out — a net gain of 25 holders — while 130 added to existing stakes and 180 trimmed.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $67.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $114M.
- 424 institutional investors held CarMax (KMX) as of Q1 2015, up from 405 in Q4 2014.
- Funds reported $14.8B of CarMax stock for Q1 2015, up 2.2% quarter-over-quarter.
- 59 funds opened new CarMax positions in Q1 2015 and 34 closed out, a net change of +25 holders.
- The largest CarMax buyer in Q1 2015 was Point72 Asset Management, an estimated $67.5M added.
- The largest CarMax seller in Q1 2015 was T. Rowe Price Associates, an estimated $114M sold.
Based on aggregated 13F filings for Q1 2015.