CarMax
682 hedge funds and large institutions have $11.9B invested in CarMax in 2023 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 239 increasing their positions, 254 reducing their positions, and 75 closing their positions.
0.86% more ownership
Funds ownership: 104.95% → 105.82% (+0.86%)
6% less repeat investments, than reductions
Existing positions increased: 239 | Existing positions reduced: 254
3% less funds holding
Funds holding: 704 → 682 (-22)
15% less capital invested
Capital invested by funds: $13.9B → $11.9B (-$2.03B)
20% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 75
26% less funds holding in top 10
Funds holding in top 10: 27 → 20 (-7)
49% less call options, than puts
Call options by funds: $223M | Put options by funds: $434M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
+$131M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$70.6M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$57.5M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$56.1M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$51.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$124M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$73.6M |
| 3 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$38.1M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$36.8M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$24M |
KMX Hedge Fund Activity: Q3 2023 in Review
682 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2023, worth a combined $11.9B — down 15% from $13.9B a quarter earlier.
Sellers outnumbered buyers: 75 funds closed out of KMX and 60 opened new positions — a net loss of 15 holders — while 254 trimmed existing stakes and 239 added.
The largest buyer was Holocene Advisors, opening a new position worth an estimated $131M. The largest seller was Capital Research Global Investors, cutting an estimated $124M.
- 682 institutional investors held CarMax (KMX) as of Q3 2023, down from 704 in Q2 2023.
- Funds reported $11.9B of CarMax stock for Q3 2023, down 15% quarter-over-quarter.
- 60 funds opened new CarMax positions in Q3 2023 and 75 closed out, a net change of -15 holders.
- The largest CarMax buyer in Q3 2023 was Holocene Advisors, an estimated $131M added.
- The largest CarMax seller in Q3 2023 was Capital Research Global Investors, an estimated $124M sold.
Based on aggregated 13F filings for Q3 2023.