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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
BS
276
Biglari Sardar
$1.58M +$529K +7,900 +47%
BCM
277
Bayesian Capital Management
New York
$1.57M +$1.63M +24,422 New
Rafferty Asset Management
278
Rafferty Asset Management
New York
$1.56M +$222K +3,317 +16%
FI
279
Fosun International
China
$1.52M +$805K +12,023 +103%
Arrowstreet Capital
280
Arrowstreet Capital
Massachusetts
$1.5M +$1.56M +23,366 New
CIBC Asset Management
281
CIBC Asset Management
Ontario, Canada
$1.5M -$49.9K -746 -3%
GCMG
282
Gyroscope Capital Management Group
Florida
$1.5M +$556K +8,301 +55%
Zurich Cantonal Bank
283
Zurich Cantonal Bank
Switzerland
$1.5M +$13.8K +206 +0.9%
KCM
284
Kornitzer Capital Management
Kansas
$1.49M -$111K -1,662 -7%
LAM
285
Lakewood Asset Management
Illinois
$1.48M +$27.1K +405 +2%
ProShare Advisors
286
ProShare Advisors
Maryland
$1.48M +$245K +3,658 +19%
CI
287
Centerstone Investors
New York
$1.46M +$667K +9,969 +78%
MOACM
288
Mutual of America Capital Management
New York
$1.45M +$2.68K +40 +0.2%
MA
289
Montag & Associates
Georgia
$1.44M +$21K +314 +1%
GSWM
290
Greenup Street Wealth Management
Michigan
$1.44M +$1.49M +22,334 New
RFC
291
Regions Financial Corp
Alabama
$1.4M -$72.8K -1,087 -5%
Daiwa Securities Group
292
Daiwa Securities Group
Japan
$1.38M +$12.2K +182 +0.9%
Public Employees Retirement Association of Colorado
293
Public Employees Retirement Association of Colorado
Colorado
$1.35M
GIBU
294
Gulf International Bank (UK)
United Kingdom
$1.35M -$335K -5,000 -19%
JMPWA
295
JP Morgan Private Wealth Advisors
California
$1.32M +$254K +3,791 +23%
ACS
296
Archford Capital Strategies
Illinois
$1.32M +$309K +4,620 +28%
SWS
297
SYSTM Wealth Solutions
Illinois
$1.32M -$503K -7,509 -27%
Creative Planning
298
Creative Planning
Kansas
$1.31M +$216K +3,222 +19%
FIA
299
Foundations Investment Advisors
Arizona
$1.27M -$116K -1,739 -8%
GT
300
Glenview Trust
Kentucky
$1.25M +$6.02K +90 +0.5%

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.