CarMax
585 hedge funds and large institutions have $14.7B invested in CarMax in 2019 Q2 according to their latest regulatory filings, with 90 funds opening new positions, 159 increasing their positions, 241 reducing their positions, and 59 closing their positions.
53% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 59
36% more funds holding in top 10
Funds holding in top 10: 28 → 38 (+10)
19% more capital invested
Capital invested by funds: $12.3B → $14.7B (+$2.35B)
4% more funds holding
Funds holding: 562 → 585 (+23)
1.62% less ownership
Funds ownership: 103.84% → 102.22% (-1.6%)
34% less repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 241
50% less call options, than puts
Call options by funds: $97.2M | Put options by funds: $195M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$233M |
| 2 |
Holocene Advisors
New York
|
+$116M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$94.7M |
| 4 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
+$54.6M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$44.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$121M |
| 2 |
Two Sigma Investments
New York
|
-$69.6M |
| 3 |
Primecap Management
Pasadena,
California
|
-$59.6M |
| 4 |
SP
Sarasin & Partners
London,
United Kingdom
|
-$46.2M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$45.8M |
KMX Hedge Fund Activity: Q2 2019 in Review
585 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2019, worth a combined $14.7B — up 19% from $12.3B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new KMX positions and 59 closed out — a net gain of 31 holders — while 159 added to existing stakes and 241 trimmed.
The largest buyer was Nuveen, adding an estimated $233M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $121M.
- 585 institutional investors held CarMax (KMX) as of Q2 2019, up from 562 in Q1 2019.
- Funds reported $14.7B of CarMax stock for Q2 2019, up 19% quarter-over-quarter.
- 90 funds opened new CarMax positions in Q2 2019 and 59 closed out, a net change of +31 holders.
- The largest CarMax buyer in Q2 2019 was Nuveen, an estimated $233M added.
- The largest CarMax seller in Q2 2019 was Ruane, Cunniff & Goldfarb, an estimated $121M sold.
Based on aggregated 13F filings for Q2 2019.