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516 hedge funds and large institutions have $11.7B invested in CarMax in 2017 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 178 increasing their positions, 184 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 50

7% more funds holding

Funds holding: 484516 (+32)

8% more call options, than puts

Call options by funds: $142M | Put options by funds: $131M

3% less repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 184

6.77% less ownership

Funds ownership: 108.06%101.29% (-6.8%)

21% less capital invested

Capital invested by funds: $14.9B → $11.7B (-$3.17B)

36% less funds holding in top 10

Funds holding in top 10: 2516 (-9)

Holders
516
Holders Change
+32
Holders Change %
+6.61%
% of All Funds
11.7%
Holding in Top 10
16
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-36%
% of All Funds
0.36%
New
82
Increased
178
Reduced
184
Closed
50
Calls
$142M
Puts
$131M
Net Calls
+$10.8M
Net Calls Change
-$26.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.17B +$6.48M +90,787 +0.5%
Primecap Management
2
Primecap Management
California
$901M -$93.3M -1,308,363 -9%
BlackRock
3
BlackRock
New York
$723M +$15.7M +219,452 +2%
Principal Financial Group
4
Principal Financial Group
Iowa
$594M -$4.49M -62,953 -0.7%
State Street
5
State Street
Massachusetts
$477M +$2.15M +30,194 +0.4%
T. Rowe Price Associates
6
T. Rowe Price Associates
Maryland
$436M +$4.12M +57,716 +0.9%
RCG
7
Ruane, Cunniff & Goldfarb
New York
$425M -$214M -2,994,049 -31%
Harris Associates
8
Harris Associates
Illinois
$414M -$39.4M -552,461 -8%
ACM
9
AKRE Capital Management
Virginia
$331M -$43K -603 -0%
MG
10
Markel Group
Virginia
$315M
Wellington Management Group
11
Wellington Management Group
Massachusetts
$276M +$33M +462,691 +12%
O
12
OppenheimerFunds
New York
$247M +$273M +3,822,439 +11,777%
BRIM
13
Broad Run Investment Management
Virginia
$216M -$294K -4,120 -0.1%
LCOV
14
London Company of Virginia
Virginia
$193M -$6M -84,112 -3%
Brown Advisory
15
Brown Advisory
Maryland
$150M -$5.33M -74,760 -3%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$147M +$8.99M +125,941 +6%
TCIM
17
TIAA CREF Investment Management
New York
$147M +$18.2M +255,310 +13%
Invesco
18
Invesco
Georgia
$145M -$10.7M -150,228 -6%
Baillie Gifford & Co
19
Baillie Gifford & Co
United Kingdom
$133M -$361M -5,058,098 -71%
Northern Trust
20
Northern Trust
Illinois
$130M -$3.52M -49,403 -2%
DC
21
Davenport & Co
Virginia
$127M -$1.49M -20,946 -1%
Geode Capital Management
22
Geode Capital Management
Massachusetts
$119M +$3.83M +53,620 +3%
D.E. Shaw & Co
23
D.E. Shaw & Co
New York
$109M -$54.6M -765,169 -31%
Point72 Asset Management
24
Point72 Asset Management
Connecticut
$108M +$62.3M +873,482 +108%
DDC
25
DF Dent & Co
Maryland
$101M +$2.08M +29,102 +2%

KMX Hedge Fund Activity: Q4 2017 in Review

516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2017, worth a combined $11.7B — down 21% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new KMX positions and 50 closed out — a net gain of 32 holders — while 178 added to existing stakes and 184 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $273M. The largest seller was Baillie Gifford & Co, cutting an estimated $361M.

  • 516 institutional investors held CarMax (KMX) as of Q4 2017, up from 484 in Q3 2017.
  • Funds reported $11.7B of CarMax stock for Q4 2017, down 21% quarter-over-quarter.
  • 82 funds opened new CarMax positions in Q4 2017 and 50 closed out, a net change of +32 holders.
  • The largest CarMax buyer in Q4 2017 was OppenheimerFunds, an estimated $273M added.
  • The largest CarMax seller in Q4 2017 was Baillie Gifford & Co, an estimated $361M sold.

Based on aggregated 13F filings for Q4 2017.