CarMax
639 hedge funds and large institutions have $14.4B invested in CarMax in 2019 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 201 increasing their positions, 230 reducing their positions, and 44 closing their positions.
145% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 44
9% more funds holding
Funds holding: 586 → 639 (+53)
1.77% less ownership
Funds ownership: 102.13% → 100.37% (-1.8%)
8% less funds holding in top 10
Funds holding in top 10: 37 → 34 (-3)
12% less capital inflows, than outflows
Capital inflows: $847M | Capital outflows: $965M
13% less repeat investments, than reductions
Existing positions increased: 201 | Existing positions reduced: 230
36% less call options, than puts
Call options by funds: $106M | Put options by funds: $166M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$79.7M |
| 2 |
D.E. Shaw & Co
New York
|
+$51M |
| 3 |
AKRE Capital Management
Middleburg,
Virginia
|
+$43.5M |
| 4 |
Squarepoint
New York
|
+$24.7M |
| 5 |
Putnam Investments
Boston,
Massachusetts
|
+$24.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ruane, Cunniff & Goldfarb
New York
|
-$176M |
| 2 |
Foxhaven Asset Management
Charlottesville,
Virginia
|
-$68.7M |
| 3 |
Goldman Sachs
New York
|
-$65.1M |
| 4 |
Winton Group
London,
United Kingdom
|
-$39.1M |
| 5 |
Junto Capital Management
New York
|
-$33.9M |
KMX Hedge Fund Activity: Q4 2019 in Review
639 of the 5,094 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2019, worth a combined $14.4B — down 2.7% from $14.8B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new KMX positions and 44 closed out — a net gain of 64 holders — while 201 added to existing stakes and 230 trimmed.
The largest buyer was Truist Financial, adding an estimated $79.7M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $176M.
- 639 institutional investors held CarMax (KMX) as of Q4 2019, up from 586 in Q3 2019.
- Funds reported $14.4B of CarMax stock for Q4 2019, down 2.7% quarter-over-quarter.
- 108 funds opened new CarMax positions in Q4 2019 and 44 closed out, a net change of +64 holders.
- The largest CarMax buyer in Q4 2019 was Truist Financial, an estimated $79.7M added.
- The largest CarMax seller in Q4 2019 was Ruane, Cunniff & Goldfarb, an estimated $176M sold.
Based on aggregated 13F filings for Q4 2019.