CarMax
442 hedge funds and large institutions have $11B invested in CarMax in 2016 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 130 increasing their positions, 182 reducing their positions, and 31 closing their positions.
68% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 31
4% more funds holding
Funds holding: 425 → 442 (+17)
4% more capital invested
Capital invested by funds: $10.6B → $11B (+$389M)
4.47% less ownership
Funds ownership: 112.08% → 107.61% (-4.5%)
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
25% less call options, than puts
Call options by funds: $104M | Put options by funds: $138M
29% less repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 182
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCL
MIK Capital LLC
New York
|
+$45.4M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$26.2M |
| 3 |
Renaissance Technologies
New York
|
+$25.9M |
| 4 |
Millennium Management
New York
|
+$23.1M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$21.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$378M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$88M |
| 3 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$58.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$36M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$34.5M |
KMX Hedge Fund Activity: Q3 2016 in Review
442 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2016, worth a combined $11B — up 3.7% from $10.6B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new KMX positions and 31 closed out — a net gain of 21 holders — while 130 added to existing stakes and 182 trimmed.
The largest buyer was MIK Capital LLC, opening a new position worth an estimated $45.4M. The largest seller was T. Rowe Price Associates, cutting an estimated $378M.
- 442 institutional investors held CarMax (KMX) as of Q3 2016, up from 425 in Q2 2016.
- Funds reported $11B of CarMax stock for Q3 2016, up 3.7% quarter-over-quarter.
- 52 funds opened new CarMax positions in Q3 2016 and 31 closed out, a net change of +21 holders.
- The largest CarMax buyer in Q3 2016 was MIK Capital LLC, an estimated $45.4M added.
- The largest CarMax seller in Q3 2016 was T. Rowe Price Associates, an estimated $378M sold.
Based on aggregated 13F filings for Q3 2016.