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671 hedge funds and large institutions have $11B invested in CarMax in 2023 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 258 increasing their positions, 216 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 66

19% more repeat investments, than reductions

Existing positions increased: 258 | Existing positions reduced: 216

7% more capital invested

Capital invested by funds: $10.3B → $11B (+$695M)

2% more funds holding

Funds holding: 657671 (+14)

0.09% less ownership

Funds ownership: 108.53%108.44% (-0.09%)

10% less funds holding in top 10

Funds holding in top 10: 2119 (-2)

68% less call options, than puts

Call options by funds: $261M | Put options by funds: $807M

Holders
671
Holders Change
+14
Holders Change %
+2.13%
% of All Funds
10.69%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.3%
New
93
Increased
258
Reduced
216
Closed
66
Calls
$261M
Puts
$807M
Net Calls
-$547M
Net Calls Change
-$429M
Name Holding Trade Value Shares
Change
Change in
Stake
JFG
226
Jefferies Financial Group
New York
$2.39M +$2.49M +37,207 New
AI
227
Atria Investments
North Carolina
$2.34M +$362K +5,412 +17%
PMG
228
ProVise Management Group
Florida
$2.28M +$938K +14,019 +65%
D.E. Shaw & Co
229
D.E. Shaw & Co
New York
$2.26M +$1.58M +23,610 +205%
Verition Fund Management
230
Verition Fund Management
Connecticut
$2.18M -$259K -3,877 -10%
TAF
231
Tredje AP-fonden
Sweden
$2.15M +$89.1K +1,331 +4%
FC
232
FORA Capital
Florida
$2.15M +$1.76M +26,247 +362%
GC
233
Guggenheim Capital
Illinois
$2.15M -$1.03M -15,360 -31%
SSWM
234
Sheets Smith Wealth Management
North Carolina
$2.13M
TPSF
235
Texas Permanent School Fund
Texas
$2.11M +$698K +10,429 +47%
GHAM
236
Gilman Hill Asset Management
Connecticut
$2.11M +$96K +1,435 +5%
ACM
237
Aquatic Capital Management
Illinois
$2.06M +$1.68M +25,100 +359%
Mirae Asset Global Investments
238
Mirae Asset Global Investments
South Korea
$2.04M +$150K +2,246 +8%
NA
239
NewEdge Advisors
Louisiana
$2.03M +$257K +3,833 +14%
BDA
240
Borer Denton & Associates
Pennsylvania
$2.03M -$90.7K -1,355 -4%
Twin Tree Management
241
Twin Tree Management
Texas
$2.03M +$2.11M +31,554 New
BAMCO Inc
242
BAMCO Inc
New York
$2.02M -$1.5M -22,350 -42%
SAM
243
Storebrand Asset Management
Norway
$2.02M -$9.97K -149 -0.5%
GWM
244
Graybill Wealth Management
Illinois
$2.02M +$15.3K +229 +0.7%
CIBC World Market
245
CIBC World Market
Ontario, Canada
$2.01M +$110K +1,651 +6%
US Bancorp
246
US Bancorp
Minnesota
$2.01M -$240K -3,593 -10%
HV
247
HST Ventures
Utah
$1.98M +$2.07M +30,873 New
AQR Capital Management
248
AQR Capital Management
Connecticut
$1.98M +$2.15M +32,050 New
Millennium Management
249
Millennium Management
New York
$1.95M +$501K +7,493 +33%
OAG
250
Orbis Allan Gray
Bermuda
$1.94M

KMX Hedge Fund Activity: Q1 2023 in Review

671 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2023, worth a combined $11B — up 6.7% from $10.3B a quarter earlier.

Buyers outnumbered sellers: 93 funds opened new KMX positions and 66 closed out — a net gain of 27 holders — while 258 added to existing stakes and 216 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $53.8M. The largest seller was Capital Research Global Investors, cutting an estimated $163M.

  • 671 institutional investors held CarMax (KMX) as of Q1 2023, up from 657 in Q4 2022.
  • Funds reported $11B of CarMax stock for Q1 2023, up 6.7% quarter-over-quarter.
  • 93 funds opened new CarMax positions in Q1 2023 and 66 closed out, a net change of +27 holders.
  • The largest CarMax buyer in Q1 2023 was Goldman Sachs, an estimated $53.8M added.
  • The largest CarMax seller in Q1 2023 was Capital Research Global Investors, an estimated $163M sold.

Based on aggregated 13F filings for Q1 2023.