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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
NAM
301
Nissay Asset Management
Japan
$1.36M +$26K +361 +2%
OPCM
302
Osborne Partners Capital Management
California
$1.32M – – –
Mariner
303
Mariner
Kansas
$1.32M -$178K -2,475 -12%
Franklin Resources
304
Franklin Resources
California
$1.31M -$3.13M -43,388 -71%
BCM
305
Bayesian Capital Management
New York
$1.3M +$202K +2,800 +19%
Carson Wealth (CWM LLC)
306
Carson Wealth (CWM LLC)
Nebraska
$1.3M +$526K +7,294 +70%
PAG
307
Private Advisor Group
New Jersey
$1.3M -$238K -3,299 -16%
APG Asset Management
308
APG Asset Management
Netherlands
$1.26M +$908K +12,600 +218%
SOADOR
309
State of Alaska Department of Revenue
Alaska
$1.26M – – –
SAM
310
Storebrand Asset Management
Norway
$1.25M -$914K -12,685 -43%
MYIA
311
Mount Yale Investment Advisors
Colorado
$1.25M -$16.3K -226 -1%
SMDAM
312
Sumitomo Mitsui DS Asset Management
Japan
$1.25M +$13.3K +184 +1%
PFA
313
Professional Financial Advisors
Nebraska
$1.25M +$39.8K +552 +3%
Cerity Partners
314
Cerity Partners
New York
$1.23M +$200K +2,771 +20%
BAMCO Inc
315
BAMCO Inc
New York
$1.23M – – –
BNP Paribas Asset Management
316
BNP Paribas Asset Management
France
$1.21M +$503K +6,978 +73%
BFA
317
Buttonwood Financial Advisors
Maryland
$1.21M -$45.4K -630 -4%
SWM
318
Salvus Wealth Management
New Jersey
$1.21M -$1.88M -26,066 -61%
Wealthfront Advisers
319
Wealthfront Advisers
California
$1.2M +$104K +1,439 +10%
HCA
320
Hyperion Capital Advisors
New York
$1.2M -$81.1K -1,126 -6%
PPWP
321
Premier Path Wealth Partners
New Jersey
$1.19M +$99.2K +1,377 +9%
Public Employees Retirement Association of Colorado
322
Public Employees Retirement Association of Colorado
Colorado
$1.19M -$66.4K -922 -5%
Swedbank
323
Swedbank
Sweden
$1.18M – – –
WA
324
Waverly Advisors
Alabama
$1.18M +$386K +5,362 +50%
PA
325
Procyon Advisors
Connecticut
$1.17M +$74.2K +1,029 +7%
11 12
13
14 15

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.