We are live on ! Find out more
KMX icon

CarMax
KMX

471 hedge funds and large institutions have $13.1B invested in CarMax in 2016 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 131 increasing their positions, 187 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more funds holding in top 10

Funds holding in top 10: 15 → 27 (+12)

80% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 49

21% more capital invested

Capital invested by funds: $10.8B → $13.1B (+$2.27B)

7% more funds holding

Funds holding: 440 → 471 (+31)

1.15% more ownership

Funds ownership: 107.61% → 108.76% (+1.2%)

0% less call options, than puts

Call options by funds: $169M | Put options by funds: $170M

30% less repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 187

Holders
471
Holders Change
+31
Holders Change %
+7.05%
% of All Funds
11.78%
Holding in Top 10
27
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+80%
% of All Funds
0.68%
New
88
Increased
131
Reduced
187
Closed
49
Calls
$169M
Puts
$170M
Net Calls
-$158K
Net Calls Change
+$34.2M

Top Buyers

1
RCG
Ruane, Cunniff & Goldfarb
New York
+$226M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$51.5M
3
DCM
Dorsal Capital Management
California
+$44.9M
4
IC
Immersion Capital
United Kingdom
+$42.2M
5
SCM
Sirios Capital Management
Massachusetts
+$28.1M

Top Sellers

1
DSA
Davis Selected Advisers
Arizona
-$187M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$56.9M
3
O
OppenheimerFunds
New York
-$45.8M
4
MCL
MIK Capital LLC
New York
-$42.8M
5
SP
Sarasin & Partners
United Kingdom
-$40M
Name Holding Trade Value Shares
Change 		Change in
Stake
Primecap Management
1
Primecap Management
California
$1.19B -$16.8M -298,715 -2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.13B +$18.5M +329,214 +2%
RCG
3
Ruane, Cunniff & Goldfarb
New York
$647M +$226M +4,019,237 +67%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$598M -$56.9M -1,013,401 -10%
Baillie Gifford & Co
5
Baillie Gifford & Co
United Kingdom
$589M -$8.32M -148,367 -2%
Principal Financial Group
6
Principal Financial Group
Iowa
$563M +$17M +303,314 +4%
Harris Associates
7
Harris Associates
Illinois
$519M -$17.4M -310,592 -4%
State Street
8
State Street
Massachusetts
$514M +$15.2M +270,592 +4%
DSA
9
Davis Selected Advisers
Arizona
$412M -$187M -3,326,189 -34%
ACM
10
AKRE Capital Management
Virginia
$332M +$11.2M +199,215 +4%
BIT
11
BlackRock Institutional Trust
California
$324M +$4.75M +84,708 +2%
MG
12
Markel Group
Virginia
$316M – – –
Manulife (Manufacturers Life Insurance)
13
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$295M +$22.1M +393,197 +9%
Wellington Management Group
14
Wellington Management Group
Massachusetts
$233M -$16.4M -291,509 -7%
LCOV
15
London Company of Virginia
Virginia
$221M -$10.5M -187,319 -5%
Brown Advisory
16
Brown Advisory
Maryland
$219M -$2.3M -41,062 -1%
BFA
17
BlackRock Fund Advisors
California
$214M +$11.3M +201,977 +6%
BRIM
18
Broad Run Investment Management
Virginia
$209M +$8.52M +151,812 +5%
Invesco
19
Invesco
Georgia
$202M +$8.65M +154,083 +5%
SP
20
Sarasin & Partners
United Kingdom
$153M -$40M -713,618 -23%
DC
21
Davenport & Co
Virginia
$147M -$572K -10,200 -0.4%
Northern Trust
22
Northern Trust
Illinois
$133M -$23.1M -411,126 -17%
Goldman Sachs
23
Goldman Sachs
New York
$133M +$13.4M +239,465 +13%
TCIM
24
TIAA CREF Investment Management
New York
$131M -$2.68M -47,703 -2%
WM
25
WS Management
Florida
$120M +$4.26M +75,994 +4%
1
2 3 4 5

KMX Hedge Fund Activity: Q4 2016 in Review

471 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2016, worth a combined $13.1B — up 21% from $10.8B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new KMX positions and 49 closed out — a net gain of 39 holders — while 131 added to existing stakes and 187 trimmed.

The largest buyer was Ruane, Cunniff & Goldfarb, adding an estimated $226M. The largest seller was Davis Selected Advisers, cutting an estimated $187M.

  • 471 institutional investors held CarMax (KMX) as of Q4 2016, up from 440 in Q3 2016.
  • Funds reported $13.1B of CarMax stock for Q4 2016, up 21% quarter-over-quarter.
  • 88 funds opened new CarMax positions in Q4 2016 and 49 closed out, a net change of +39 holders.
  • The largest CarMax buyer in Q4 2016 was Ruane, Cunniff & Goldfarb, an estimated $226M added.
  • The largest CarMax seller in Q4 2016 was Davis Selected Advisers, an estimated $187M sold.

Based on aggregated 13F filings for Q4 2016.