We are live on ! Find out more

457 hedge funds and large institutions have $12.9B invested in CarMax in 2017 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 171 increasing their positions, 168 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

161% more call options, than puts

Call options by funds: $600M | Put options by funds: $230M

19% more funds holding in top 10

Funds holding in top 10: 2125 (+4)

8% more capital invested

Capital invested by funds: $11.9B → $12.9B (+$1.01B)

2.46% more ownership

Funds ownership: 107.07%109.53% (+2.5%)

2% more repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 168

2% less funds holding

Funds holding: 468457 (-11)

15% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 53

Holders
457
Holders Change
-11
Holders Change %
-2.35%
% of All Funds
11.39%
Holding in Top 10
25
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+19.05%
% of All Funds
0.62%
New
45
Increased
171
Reduced
168
Closed
53
Calls
$600M
Puts
$230M
Net Calls
+$370M
Net Calls Change
+$12.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.15B +$23M +380,038 +2%
Primecap Management
2
Primecap Management
California
$1.04B -$6.88M -113,854 -0.7%
BlackRock
3
BlackRock
New York
$703M +$3.25M +53,840 +0.5%
RCG
4
Ruane, Cunniff & Goldfarb
New York
$640M +$26.9M +445,826 +5%
Principal Financial Group
5
Principal Financial Group
Iowa
$579M +$42.7M +706,369 +8%
Baillie Gifford & Co
6
Baillie Gifford & Co
United Kingdom
$551M -$12.9M -213,840 -2%
State Street
7
State Street
Massachusetts
$487M -$14.7M -244,049 -3%
T. Rowe Price Associates
8
T. Rowe Price Associates
Maryland
$481M +$3.36M +55,684 +0.7%
Harris Associates
9
Harris Associates
Illinois
$452M -$19.5M -323,033 -4%
ACM
10
AKRE Capital Management
Virginia
$326M +$793K +13,120 +0.3%
MG
11
Markel Group
Virginia
$310M
DSA
12
Davis Selected Advisers
Arizona
$277M -$14.9M -247,128 -5%
Wellington Management Group
13
Wellington Management Group
Massachusetts
$237M +$16.5M +272,748 +8%
Brown Advisory
14
Brown Advisory
Maryland
$233M +$49.7M +822,211 +29%
BRIM
15
Broad Run Investment Management
Virginia
$213M +$1.8M +29,846 +0.9%
LCOV
16
London Company of Virginia
Virginia
$204M -$7.62M -126,203 -4%
D.E. Shaw & Co
17
D.E. Shaw & Co
New York
$191M +$90.4M +1,497,157 +98%
MCM
18
Melvin Capital Management
New York
$188M +$11.4M +188,293 +7%
Invesco
19
Invesco
Georgia
$175M -$18.2M -301,848 -10%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$145M -$33.8M -559,096 -20%
Goldman Sachs
21
Goldman Sachs
New York
$143M +$31.1M +514,169 +29%
Nordea Investment Management
22
Nordea Investment Management
Sweden
$135M +$115M +1,895,763 +751%
TCIM
23
TIAA CREF Investment Management
New York
$134M +$14.3M +236,392 +13%
DC
24
Davenport & Co
Virginia
$129M -$12.1M -199,757 -9%
Northern Trust
25
Northern Trust
Illinois
$127M -$2.88M -47,671 -2%

KMX Hedge Fund Activity: Q2 2017 in Review

457 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2017, worth a combined $12.9B — up 8.5% from $11.9B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of KMX and 45 opened new positions — a net loss of 8 holders — while 168 trimmed existing stakes and 171 added.

The largest buyer was Nordea Investment Management, adding an estimated $115M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $79.2M sold.

  • 457 institutional investors held CarMax (KMX) as of Q2 2017, down from 468 in Q1 2017.
  • Funds reported $12.9B of CarMax stock for Q2 2017, up 8.5% quarter-over-quarter.
  • 45 funds opened new CarMax positions in Q2 2017 and 53 closed out, a net change of -8 holders.
  • The largest CarMax buyer in Q2 2017 was Nordea Investment Management, an estimated $115M added.
  • The largest CarMax seller in Q2 2017 was Alyeska Investment Group, an estimated $79.2M sold.

Based on aggregated 13F filings for Q2 2017.