CarMax
425 hedge funds and large institutions have $10.6B invested in CarMax in 2016 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 151 increasing their positions, 160 reducing their positions, and 37 closing their positions.
35% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 37
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
13% more call options, than puts
Call options by funds: $144M | Put options by funds: $128M
2% more funds holding
Funds holding: 418 → 425 (+7)
6% less repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 160
1.15% less ownership
Funds ownership: 113.23% → 112.08% (-1.1%)
7% less capital invested
Capital invested by funds: $11.3B → $10.6B (-$748M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$319M |
| 2 |
Harris Associates
Chicago,
Illinois
|
+$149M |
| 3 |
DnB Asset Management
Oslo,
Norway
|
+$37.9M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$36.3M |
| 5 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
+$32.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$421M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$211M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$64M |
| 4 |
BAMCO Inc
New York
|
-$55.1M |
| 5 |
SC
Sculptor Capital
New York
|
-$51.6M |
KMX Hedge Fund Activity: Q2 2016 in Review
425 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2016, worth a combined $10.6B — down 6.6% from $11.3B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new KMX positions and 37 closed out — a net gain of 13 holders — while 151 added to existing stakes and 160 trimmed.
The largest buyer was Ruane, Cunniff & Goldfarb, opening a new position worth an estimated $319M. The largest seller was T. Rowe Price Associates, cutting an estimated $421M.
- 425 institutional investors held CarMax (KMX) as of Q2 2016, up from 418 in Q1 2016.
- Funds reported $10.6B of CarMax stock for Q2 2016, down 6.6% quarter-over-quarter.
- 50 funds opened new CarMax positions in Q2 2016 and 37 closed out, a net change of +13 holders.
- The largest CarMax buyer in Q2 2016 was Ruane, Cunniff & Goldfarb, an estimated $319M added.
- The largest CarMax seller in Q2 2016 was T. Rowe Price Associates, an estimated $421M sold.
Based on aggregated 13F filings for Q2 2016.