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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
Bessemer Group
326
Bessemer Group
New Jersey
$1.14M -$76.5K -1,061 -6%
PFPT
327
Pinnacle Financial Partners (Tennessee)
Tennessee
$1.13M – – –
CIA
328
Cape Investment Advisory
Georgia
$1.12M +$214K +2,974 +24%
RIA
329
Realta Investment Advisors
Delaware
$1.11M +$60.8K +844 +6%
DADC
330
D.A. Davidson & Co
Montana
$1.1M +$227K +3,155 +27%
PAS
331
Park Avenue Securities
New York
$1.08M +$44.8K +621 +4%
DWM
332
Dakota Wealth Management
Florida
$1.08M +$7.42K +103 +0.7%
PCM
333
Penserra Capital Management
California
$1.03M +$964K +13,377 +1,832%
BPA
334
Beacon Pointe Advisors
California
$1.03M -$149K -2,063 -13%
GRP
335
Global Retirement Partners
California
$1.03M +$238K +3,300 +31%
Focus Partners Wealth
336
Focus Partners Wealth
Massachusetts
$1.02M +$497K +6,901 +98%
Capstone Investment Advisors
337
Capstone Investment Advisors
New York
$1.01M +$596K +8,272 +149%
QT
338
Quantbot Technologies
New York
$1.01M +$992K +13,761 New
GC
339
Guggenheim Capital
Illinois
$995K -$220K -3,050 -18%
Nordea Investment Management
340
Nordea Investment Management
Sweden
$993K – – –
OPERF
341
Oregon Public Employees Retirement Fund
Oregon
$990K – – –
TSWM
342
Triangle Securities Wealth Management
North Carolina
$972K +$955K +13,250 New
ST
343
Sabal Trust
Florida
$962K -$5.62K -78 -0.6%
GIBU
344
Gulf International Bank (UK)
United Kingdom
$962K – – –
OIA
345
OneDigital Investment Advisors
Kansas
$962K +$225K +3,116 +31%
Creative Planning
346
Creative Planning
Kansas
$958K -$3.39K -47 -0.4%
IVP
347
Intrinsic Value Partners
Arizona
$955K -$15.9K -220 -2%
TRSOTSOK
348
Teachers Retirement System of the State of Kentucky
Kentucky
$948K – – –
WSC
349
Wellington Shields & Co
New York
$941K +$2.45K +34 +0.3%
AA
350
Auxano Advisors
Washington
$929K +$1.44K +20 +0.2%
12 13
14
15 16

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.