CarMax
434 hedge funds and large institutions have $12.2B invested in CarMax in 2015 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 174 increasing their positions, 157 reducing their positions, and 66 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 157
0.77% more ownership
Funds ownership: 99.67% → 100.45% (+0.77%)
0% more funds holding in top 10
Funds holding in top 10: 22 → 22 (0)
7% less funds holding
Funds holding: 467 → 434 (-33)
11% less capital invested
Capital invested by funds: $13.8B → $12.2B (-$1.56B)
18% less call options, than puts
Call options by funds: $87.7M | Put options by funds: $107M
47% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$78.7M |
| 2 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
+$67.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$56M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$44M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$40.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$149M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$101M |
| 3 |
Primecap Management
Pasadena,
California
|
-$73.3M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$68.5M |
| 5 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$56.7M |
KMX Hedge Fund Activity: Q3 2015 in Review
434 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2015, worth a combined $12.2B — down 11% from $13.8B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of KMX and 35 opened new positions — a net loss of 31 holders — while 157 trimmed existing stakes and 174 added.
The largest buyer was Principal Financial Group, adding an estimated $78.7M. The largest seller was Bain Capital Public Equity Management, exiting entirely with an estimated $149M sold.
- 434 institutional investors held CarMax (KMX) as of Q3 2015, down from 467 in Q2 2015.
- Funds reported $12.2B of CarMax stock for Q3 2015, down 11% quarter-over-quarter.
- 35 funds opened new CarMax positions in Q3 2015 and 66 closed out, a net change of -31 holders.
- The largest CarMax buyer in Q3 2015 was Principal Financial Group, an estimated $78.7M added.
- The largest CarMax seller in Q3 2015 was Bain Capital Public Equity Management, an estimated $149M sold.
Based on aggregated 13F filings for Q3 2015.