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CarMax
KMX

704 hedge funds and large institutions have $13.9B invested in CarMax in 2023 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 228 increasing their positions, 253 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 61

42% more funds holding in top 10

Funds holding in top 10: 19 → 27 (+8)

26% more capital invested

Capital invested by funds: $11B → $13.9B (+$2.87B)

5% more funds holding

Funds holding: 671 → 704 (+33)

10% less repeat investments, than reductions

Existing positions increased: 228 | Existing positions reduced: 253

3.49% less ownership

Funds ownership: 108.44% → 104.95% (-3.5%)

41% less call options, than puts

Call options by funds: $301M | Put options by funds: $509M

Holders
704
Holders Change
+33
Holders Change %
+4.92%
% of All Funds
11.05%
Holding in Top 10
27
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+42.11%
% of All Funds
0.42%
New
95
Increased
228
Reduced
253
Closed
61
Calls
$301M
Puts
$509M
Net Calls
-$208M
Net Calls Change
+$338M

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$86.1M
2
Corient Private Wealth
Corient Private Wealth
Florida
+$63.2M
3
Millennium Management
Millennium Management
New York
+$40.3M
4
Goldman Sachs
Goldman Sachs
New York
+$25.7M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$23.8M

Top Sellers

1
TCAM
Turtle Creek Asset Management
Ontario, Canada
-$56.7M
2
Two Sigma Investments
Two Sigma Investments
New York
-$46.3M
3
Invesco
Invesco
Georgia
-$45.5M
4
DCM
Dorsal Capital Management
California
-$45M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$44.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
RIA
326
Realta Investment Advisors
Delaware
$1.17M +$4.39K +60 +0.4%
GCM
327
Graham Capital Management
Connecticut
$1.16M -$260K -3,550 -20%
CG
328
Cynosure Group
Utah
$1.15M +$1M +13,687 New
IVP
329
Intrinsic Value Partners
Arizona
$1.14M -$14.1K -192 -1%
BHIA
330
Birch Hill Investment Advisors
Massachusetts
$1.14M +$91.9K +1,255 +10%
Mariner
331
Mariner
Kansas
$1.12M +$226K +3,083 +30%
VFP
332
Verus Financial Partners
Virginia
$1.12M -$19.3K -263 -2%
Bank of Nova Scotia
333
Bank of Nova Scotia
Ontario, Canada
$1.12M +$177K +2,417 +22%
EMPI
334
Elo Mutual Pension Insurance
Finland
$1.09M +$25K +341 +3%
NFAM
335
North Fourth Asset Management
New Jersey
$1.09M +$952K +13,000 New
WANY
336
Wealthspire Advisors (New York)
New York
$1.08M -$17.1K -234 -2%
SAM
337
Securian Asset Management
Minnesota
$1.07M -$14.6K -200 -2%
WSC
338
Wellington Shields & Co
New York
$1.07M +$952 +13 +0.1%
PL
339
Polianta Ltd
Jersey
$1.07M +$937K +12,800 New
KRS
340
Kentucky Retirement Systems
Kentucky
$1.06M +$16.5K +226 +2%
CWM
341
Chemistry Wealth Management
New York
$1.06M +$4.98K +68 +0.5%
HIIFS
342
Harel Insurance Investments & Financial Services
Israel
$1.05M +$915K +12,500 New
SMDAM
343
Sumitomo Mitsui DS Asset Management
Japan
$1.05M +$6.96K +95 +0.8%
Allianz Asset Management
344
Allianz Asset Management
Germany
$1.04M -$237K -3,234 -21%
TNA
345
True North Advisors
Texas
$1.04M +$220 +3 +0%
QC
346
Quadrature Capital
United Kingdom
$1.03M -$5.06M -69,147 -85%
OPERF
347
Oregon Public Employees Retirement Fund
Oregon
$1.03M +$6.22K +85 +0.7%
Bessemer Group
348
Bessemer Group
New Jersey
$1.01M +$462K +6,314 +110%
MSRPS
349
Maryland State Retirement & Pension System
Maryland
$1.01M -$27.9K -381 -3%
CSPAM
350
Cary Street Partners Asset Management
Virginia
$1.01M -$14.6K -200 -2%
12 13
14
15 16

KMX Hedge Fund Activity: Q2 2023 in Review

704 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2023, worth a combined $13.9B — up 26% from $11B a quarter earlier.

Buyers outnumbered sellers: 95 funds opened new KMX positions and 61 closed out — a net gain of 34 holders — while 228 added to existing stakes and 253 trimmed.

The largest buyer was Norges Bank, adding an estimated $86.1M. The largest seller was Turtle Creek Asset Management, cutting an estimated $56.7M.

  • 704 institutional investors held CarMax (KMX) as of Q2 2023, up from 671 in Q1 2023.
  • Funds reported $13.9B of CarMax stock for Q2 2023, up 26% quarter-over-quarter.
  • 95 funds opened new CarMax positions in Q2 2023 and 61 closed out, a net change of +34 holders.
  • The largest CarMax buyer in Q2 2023 was Norges Bank, an estimated $86.1M added.
  • The largest CarMax seller in Q2 2023 was Turtle Creek Asset Management, an estimated $56.7M sold.

Based on aggregated 13F filings for Q2 2023.