CarMax
467 hedge funds and large institutions have $13.8B invested in CarMax in 2015 Q2 according to their latest regulatory filings, with 81 funds opening new positions, 147 increasing their positions, 177 reducing their positions, and 33 closing their positions.
145% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 33
75% more call options, than puts
Call options by funds: $110M | Put options by funds: $62.6M
16% more funds holding in top 10
Funds holding in top 10: 19 → 22 (+3)
10% more funds holding
Funds holding: 424 → 467 (+43)
2.43% less ownership
Funds ownership: 102.1% → 99.67% (-2.4%)
7% less capital invested
Capital invested by funds: $14.8B → $13.8B (-$1.03B)
17% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 177
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TIAA CREF Investment Management
New York
|
+$72.3M |
| 2 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$55.2M |
| 3 |
TA
Teachers Advisors
New York
|
+$32.4M |
| 4 |
Millennium Management
New York
|
+$24.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
-$435M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$55.9M |
| 3 |
State Street
Boston,
Massachusetts
|
-$46M |
| 4 |
Harris Associates
Chicago,
Illinois
|
-$40.5M |
| 5 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$38.5M |
KMX Hedge Fund Activity: Q2 2015 in Review
467 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2015, worth a combined $13.8B — down 6.9% from $14.8B a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new KMX positions and 33 closed out — a net gain of 48 holders — while 147 added to existing stakes and 177 trimmed.
The largest buyer was TIAA CREF Investment Management, adding an estimated $72.3M. The largest seller was Dodge & Cox, cutting an estimated $435M.
- 467 institutional investors held CarMax (KMX) as of Q2 2015, up from 424 in Q1 2015.
- Funds reported $13.8B of CarMax stock for Q2 2015, down 6.9% quarter-over-quarter.
- 81 funds opened new CarMax positions in Q2 2015 and 33 closed out, a net change of +48 holders.
- The largest CarMax buyer in Q2 2015 was TIAA CREF Investment Management, an estimated $72.3M added.
- The largest CarMax seller in Q2 2015 was Dodge & Cox, an estimated $435M sold.
Based on aggregated 13F filings for Q2 2015.