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423 hedge funds and large institutions have $14.6B 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.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 34

5% more funds holding

Funds holding: 404423 (+19)

2% more capital invested

Capital invested by funds: $14.3B → $14.6B (+$320M)

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: 2119 (-2)

28% less repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 180

Holders
423
Holders Change
+19
Holders Change %
+4.7%
% of All Funds
11.27%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.51%
New
59
Increased
130
Reduced
180
Closed
34
Calls
$78.4M
Puts
$78.8M
Net Calls
-$308K
Net Calls Change
+$48M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$2.02B -$114M -1,751,625 -6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.13B +$24.2M +371,403 +2%
Primecap Management
3
Primecap Management
California
$929M +$14.8M +226,935 +2%
DSA
4
Davis Selected Advisers
Arizona
$798M -$11M -168,857 -1%
State Street
5
State Street
Massachusetts
$618M -$32.5M -498,024 -5%
Baillie Gifford & Co
6
Baillie Gifford & Co
United Kingdom
$535M +$21.9M +336,292 +5%
Dodge & Cox
7
Dodge & Cox
California
$461M -$53.6M -821,650 -11%
Wells Fargo
8
Wells Fargo
California
$457M -$28.1M -430,226 -6%
BIT
9
BlackRock Institutional Trust
California
$382M -$2.34M -35,830 -0.6%
Harris Associates
10
Harris Associates
Illinois
$344M -$87.9M -1,348,731 -21%
MG
11
Markel Group
Virginia
$339M -$3.26M -50,000 -1%
BAMCO Inc
12
BAMCO Inc
New York
$291M -$1.61M -24,766 -0.6%
Wellington Management Group
13
Wellington Management Group
Massachusetts
$264M +$6.69M +102,589 +3%
SP
14
Sarasin & Partners
United Kingdom
$245M -$14M -214,610 -6%
Principal Financial Group
15
Principal Financial Group
Iowa
$244M +$10.3M +158,132 +5%
ABI
16
Abrams Bison Investments
Maryland
$224M
BFA
17
BlackRock Fund Advisors
California
$209M +$3.51M +53,901 +2%
LCOV
18
London Company of Virginia
Virginia
$203M +$19.1M +293,320 +11%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$197M +$99.4K +1,525 +0.1%
Northern Trust
20
Northern Trust
Illinois
$196M -$6.84M -104,920 -4%
Deutsche Bank
21
Deutsche Bank
Germany
$182M +$10.5M +160,357 +6%
BCPEM
22
Bain Capital Public Equity Management
Massachusetts
$179M +$40.2M +615,984 +31%
DC
23
Davenport & Co
Virginia
$153M -$1.08M -16,520 -0.7%
BRIM
24
Broad Run Investment Management
Virginia
$149M +$129K +1,986 +0.1%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$141M -$7.43M -113,963 -5%

KMX Hedge Fund Activity: Q1 2015 in Review

423 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2015, worth a combined $14.6B — up 2.2% from $14.3B 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.

  • 423 institutional investors held CarMax (KMX) as of Q1 2015, up from 404 in Q4 2014.
  • Funds reported $14.6B 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.