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CarMax
KMX

704 hedge funds and large institutions have $12.4B invested in CarMax in 2024 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 304 increasing their positions, 214 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 304 | Existing positions reduced: 214

16% more call options, than puts

Call options by funds: $295M | Put options by funds: $253M

0.57% less ownership

Funds ownership: 108.94% → 108.37% (-0.57%)

1% less first-time investments, than exits

New positions opened: 74 | Existing positions closed: 75

2% less funds holding

Funds holding: 716 → 704 (-12)

17% less capital invested

Capital invested by funds: $15B → $12.4B (-$2.55B)

21% less funds holding in top 10

Funds holding in top 10: 28 → 22 (-6)

Holders
704
Holders Change
-12
Holders Change %
-1.68%
% of All Funds
10.17%
Holding in Top 10
22
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-21.43%
% of All Funds
0.32%
New
74
Increased
304
Reduced
214
Closed
75
Calls
$295M
Puts
$253M
Net Calls
+$41.8M
Net Calls Change
+$115M

Top Buyers

1
VVP
Vulcan Value Partners
Alabama
+$98.7M
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$71.7M
3
Norges Bank
Norges Bank
Norway
+$50.1M
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$47.8M
5
Citadel Advisors
Citadel Advisors
Florida
+$41.9M

Top Sellers

1
Holocene Advisors
Holocene Advisors
New York
-$248M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$243M
3
TAM
Timucuan Asset Management
Florida
-$135M
4
Principal Financial Group
Principal Financial Group
Iowa
-$89.2M
5
ACM
Anomaly Capital Management
New York
-$66.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Zurich Cantonal Bank
251
Zurich Cantonal Bank
Switzerland
$2.15M +$480K +6,658 +29%
Janney Montgomery Scott
252
Janney Montgomery Scott
Pennsylvania
$2.12M +$104K +1,438 +5%
UWS
253
Unique Wealth Strategies
Illinois
$2.1M – – –
Assenagon Asset Management
254
Assenagon Asset Management
Luxembourg
$2.09M +$1.53M +21,267 +292%
HBWM
255
Hollow Brook Wealth Management
New York
$2.04M – – –
TC
256
TownSquare Capital
Utah
$2.02M +$467K +6,486 +31%
TFP
257
Tilia Fiduciary Partners
North Carolina
$2M +$188K +2,610 +11%
DnB Asset Management
258
DnB Asset Management
Norway
$1.97M +$332K +4,606 +21%
BHIA
259
Birch Hill Investment Advisors
Massachusetts
$1.91M +$170K +2,365 +10%
TRCT
260
Tower Research Capital (TRC)
New York
$1.91M +$976K +13,547 +109%
URS
261
Utah Retirement Systems
Utah
$1.9M -$101K -1,400 -5%
HF
262
HRT Financial
New York
$1.89M +$507K +7,040 +38%
SG Americas Securities
263
SG Americas Securities
New York
$1.89M +$202K +2,803 +12%
CIBC Private Wealth Group
264
CIBC Private Wealth Group
Georgia
$1.88M -$290K -4,026 -14%
Daiwa Securities Group
265
Daiwa Securities Group
Japan
$1.85M +$65.4K +908 +4%
HAG
266
HF Advisory Group
Maryland
$1.82M +$750K +10,401 +72%
TAF
267
Tredje AP-fonden
Sweden
$1.82M -$28K -388 -2%
SC
268
Savant Capital
Illinois
$1.81M +$1.34M +18,643 +312%
BS
269
Biglari Sardar
$1.8M – – –
Credit Agricole
270
Credit Agricole
France
$1.79M +$1.06M +14,724 +152%
X
271
Xponance
Pennsylvania
$1.79M -$68.4K -949 -4%
CI
272
Centerstone Investors
New York
$1.77M -$41.8K -580 -2%
Rafferty Asset Management
273
Rafferty Asset Management
New York
$1.77M -$45.3K -629 -3%
LAM
274
Lakewood Asset Management
Illinois
$1.76M +$19.7K +273 +1%
PFGIA
275
Patriot Financial Group Insurance Agency
Massachusetts
$1.74M +$267K +3,703 +18%
9 10
11
12 13

KMX Hedge Fund Activity: Q2 2024 in Review

704 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2024, worth a combined $12.4B — down 17% from $15B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of KMX and 74 opened new positions — a net loss of 1 holder — while 214 trimmed existing stakes and 304 added.

The largest buyer was Vulcan Value Partners, adding an estimated $98.7M. The largest seller was Holocene Advisors, cutting an estimated $248M.

  • 704 institutional investors held CarMax (KMX) as of Q2 2024, down from 716 in Q1 2024.
  • Funds reported $12.4B of CarMax stock for Q2 2024, down 17% quarter-over-quarter.
  • 74 funds opened new CarMax positions in Q2 2024 and 75 closed out, a net change of -1 holder.
  • The largest CarMax buyer in Q2 2024 was Vulcan Value Partners, an estimated $98.7M added.
  • The largest CarMax seller in Q2 2024 was Holocene Advisors, an estimated $248M sold.

Based on aggregated 13F filings for Q2 2024.