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468 hedge funds and large institutions have $11.9B invested in CarMax in 2017 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 140 increasing their positions, 201 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

309% more call options, than puts

Call options by funds: $473M | Put options by funds: $116M

13% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 46

1% less funds holding

Funds holding: 471468 (-3)

1.68% less ownership

Funds ownership: 108.76%107.07% (-1.7%)

9% less capital invested

Capital invested by funds: $13.1B → $11.9B (-$1.24B)

22% less funds holding in top 10

Funds holding in top 10: 2721 (-6)

30% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 201

Holders
468
Holders Change
-3
Holders Change %
-0.64%
% of All Funds
11.65%
Holding in Top 10
21
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-22.22%
% of All Funds
0.52%
New
52
Increased
140
Reduced
201
Closed
46
Calls
$473M
Puts
$116M
Net Calls
+$357M
Net Calls Change
+$357M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.05B +$16.1M +247,809 +1%
Primecap Management
2
Primecap Management
California
$979M -$127M -1,961,250 -11%
BlackRock
3
BlackRock
New York
$657M +$699M +10,752,554 +3,199%
RCG
4
Ruane, Cunniff & Goldfarb
New York
$575M -$22.7M -348,764 -3%
Baillie Gifford & Co
5
Baillie Gifford & Co
United Kingdom
$530M -$12.2M -187,191 -2%
Principal Financial Group
6
Principal Financial Group
Iowa
$502M -$17.5M -269,847 -3%
State Street
7
State Street
Massachusetts
$472M -$1.15M -17,761 -0.2%
T. Rowe Price Associates
8
T. Rowe Price Associates
Maryland
$448M -$112M -1,726,229 -19%
Harris Associates
9
Harris Associates
Illinois
$444M -$37.4M -575,716 -7%
ACM
10
AKRE Capital Management
Virginia
$305M
MG
11
Markel Group
Virginia
$291M
DSA
12
Davis Selected Advisers
Arizona
$275M -$114M -1,761,007 -28%
Wellington Management Group
13
Wellington Management Group
Massachusetts
$206M -$8.58M -132,019 -4%
LCOV
14
London Company of Virginia
Virginia
$199M -$4.06M -62,485 -2%
BRIM
15
Broad Run Investment Management
Virginia
$198M +$6.1M +93,933 +3%
Invesco
16
Invesco
Georgia
$182M -$4.33M -66,658 -2%
Brown Advisory
17
Brown Advisory
Maryland
$170M -$34.2M -526,352 -15%
Manulife (Manufacturers Life Insurance)
18
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$169M -$113M -1,733,849 -38%
MCM
19
Melvin Capital Management
New York
$166M +$182M +2,797,800 New
DC
20
Davenport & Co
Virginia
$142M -$2.75M -42,367 -2%
Northern Trust
21
Northern Trust
Illinois
$122M -$473K -7,275 -0.4%
TCIM
22
TIAA CREF Investment Management
New York
$112M -$9.46M -145,656 -7%
Point72 Asset Management
23
Point72 Asset Management
Connecticut
$110M +$59.6M +918,121 +98%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$105M +$8.36M +128,732 +8%
Goldman Sachs
25
Goldman Sachs
New York
$104M -$20.8M -319,555 -15%

KMX Hedge Fund Activity: Q1 2017 in Review

468 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2017, worth a combined $11.9B — down 9.5% from $13.1B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new KMX positions and 46 closed out — a net gain of 6 holders — while 140 added to existing stakes and 201 trimmed.

The largest buyer was BlackRock, adding an estimated $699M. The largest seller was Primecap Management, cutting an estimated $127M.

  • 468 institutional investors held CarMax (KMX) as of Q1 2017, down from 471 in Q4 2016.
  • Funds reported $11.9B of CarMax stock for Q1 2017, down 9.5% quarter-over-quarter.
  • 52 funds opened new CarMax positions in Q1 2017 and 46 closed out, a net change of +6 holders.
  • The largest CarMax buyer in Q1 2017 was BlackRock, an estimated $699M added.
  • The largest CarMax seller in Q1 2017 was Primecap Management, an estimated $127M sold.

Based on aggregated 13F filings for Q1 2017.