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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
ECP
326
Epacria Capital Partners
Colorado
$993K
CT
327
Chicago Trust
Illinois
$981K -$27.2K -407 -3%
CA
328
Continuum Advisory
Idaho
$972K +$48.1K +719 +5%
BL
329
Balentine LLC
Georgia
$970K +$20.6K +308 +2%
PGCM
330
Prescott Group Capital Management
Oklahoma
$964K -$201K -3,000 -17%
PAM
331
Panagora Asset Management
Massachusetts
$957K -$841K -12,564 -46%
BTWM
332
Baker Tilly Wealth Management
Wisconsin
$952K +$199K +2,974 +25%
VFP
333
Verus Financial Partners
Virginia
$952K +$18.2K +272 +2%
CCM
334
CAAS Capital Management
New York
$943K +$132K +1,974 +16%
IMC Chicago
335
IMC Chicago
Illinois
$940K +$979K +14,621 New
Nordea Investment Management
336
Nordea Investment Management
Sweden
$915K
AIM
337
Allen Investment Management
New York
$912K
BCIM
338
British Columbia Investment Management
British Columbia, Canada
$906K
RIA
339
Realta Investment Advisors
Delaware
$894K +$51.7K +772 +6%
IVP
340
Intrinsic Value Partners
Arizona
$891K
ATC
341
Argent Trust Co
Tennessee
$879K -$9.04K -135 -1%
PFA
342
Professional Financial Advisors
Nebraska
$873K -$42.9K -641 -7%
TCM
343
Teza Capital Management
Illinois
$866K -$4.08M -60,973 -82%
HIMCH
344
Hartford Investment Management Co (HIMCO)
Connecticut
$854K +$119K +1,779 +15%
WANY
345
Wealthspire Advisors (New York)
New York
$843K -$81.5K -1,218 -8%
SAM
346
Securian Asset Management
Minnesota
$838K +$10.3K +154 +1%
WSC
347
Wellington Shields & Co
New York
$822K +$61.2K +915 +8%
EMPI
348
Elo Mutual Pension Insurance
Finland
$815K +$22K +328 +3%
SG Americas Securities
349
SG Americas Securities
New York
$813K +$847K +12,655 New
CWM
350
Chemistry Wealth Management
New York
$809K +$294K +4,391 +54%

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.