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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
IRAG
276
Investment Research & Advisory Group
Georgia
$1.72M +$66.4K +922 +4%
Russell Investments Group
277
Russell Investments Group
United Kingdom
$1.72M -$262K -3,635 -13%
KBC Group
278
KBC Group
Belgium
$1.7M -$3.24M -44,977 -66%
YCM
279
Yousif Capital Management
Michigan
$1.67M -$29.5K -410 -2%
Walleye Capital
280
Walleye Capital
New York
$1.65M +$403K +5,592 +33%
LCM
281
Logan Capital Management
Pennsylvania
$1.6M -$22.2K -308 -1%
DW30
282
Drucker Wealth 3.0
New Jersey
$1.59M +$1.56M +21,650 New
TCPW
283
Twin City Private Wealth
North Carolina
$1.59M +$465K +6,454 +42%
ProShare Advisors
284
ProShare Advisors
Maryland
$1.58M +$104K +1,441 +7%
Envestnet Portfolio Solutions
285
Envestnet Portfolio Solutions
Illinois
$1.57M +$45.3K +629 +3%
CIBC Asset Management
286
CIBC Asset Management
Ontario, Canada
$1.56M -$83.7K -1,161 -5%
UM
287
UniSuper Management
Australia
$1.55M +$580K +8,043 +61%
BDA
288
Borer Denton & Associates
Pennsylvania
$1.51M -$430K -5,965 -22%
GWM
289
Geneos Wealth Management
Colorado
$1.51M +$153K +2,124 +12%
CAM
290
Cresset Asset Management
Illinois
$1.5M +$854K +11,847 +137%
OCM
291
Oakview Capital Management
Texas
$1.49M -$4.91M -68,155 -77%
ECU
292
Eisler Capital (US)
New York
$1.49M +$1.46M +20,299 New
FAFTFSNP
293
Fjarde AP-fonden (The Fourth Swedish National Pensionfund)
Sweden
$1.48M +$1.46M +20,200 New
WP
294
Waycross Partners
Kentucky
$1.47M – – –
MOACM
295
Mutual of America Capital Management
New York
$1.46M -$61.7K -856 -4%
MW
296
Maia Wealth
Colorado
$1.45M +$1.28M +17,700 New
Bank of Nova Scotia
297
Bank of Nova Scotia
Ontario, Canada
$1.43M -$211K -2,924 -13%
Allianz Asset Management
298
Allianz Asset Management
Germany
$1.39M -$68.4K -949 -5%
Commonwealth Equity Services
299
Commonwealth Equity Services
Massachusetts
$1.39M -$103K -1,431 -7%
KCM
300
Kornitzer Capital Management
Kansas
$1.36M – – –
10 11
12
13 14

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.