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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
VCA
351
Verdence Capital Advisors
Maryland
$807K +$333K +4,981 +66%
KRS
352
Kentucky Retirement Systems
Kentucky
$803K -$1.34K -20 -0.2%
SMDAM
353
Sumitomo Mitsui DS Asset Management
Japan
$801K +$9.37K +140 +1%
MSRPS
354
Maryland State Retirement & Pension System
Maryland
$799K
TNA
355
True North Advisors
Texas
$799K +$439K +6,555 +112%
BHIA
356
Birch Hill Investment Advisors
Massachusetts
$797K +$829K +12,394 New
TI
357
Tidal Investments
Wisconsin
$794K +$329K +4,916 +66%
AAM
358
Advisors Asset Management
Colorado
$791K -$3.68K -55 -0.4%
CSPAM
359
Cary Street Partners Asset Management
Virginia
$785K +$205K +3,060 +33%
OPERF
360
Oregon Public Employees Retirement Fund
Oregon
$783K
CC
361
Copperleaf Capital
North Carolina
$781K -$120K -1,796 -13%
BNP Paribas Asset Management
362
BNP Paribas Asset Management
France
$780K +$39.1K +584 +5%
Cetera Investment Advisers
363
Cetera Investment Advisers
Illinois
$753K +$88.9K +1,329 +13%
LKIM
364
Lawson Kroeker Investment Management
Nebraska
$751K +$782K +11,689 New
GP
365
Greenline Partners
New York
$746K -$260K -3,879 -25%
BC
366
Brookfield Corp
Ontario, Canada
$745K +$776K +11,588 New
CIA
367
Cape Investment Advisory
Georgia
$742K +$773K +11,546 New
PFGIA
368
Patriot Financial Group Insurance Agency
Massachusetts
$740K +$328K +4,900 +74%
CWM
369
Compass Wealth Management
Connecticut
$720K +$520K +7,775 +227%
RC
370
Roundview Capital
New Jersey
$719K +$131K +1,956 +21%
EP
371
Edgestream Partners
New Jersey
$707K -$6.12M -91,490 -89%
Bank of Nova Scotia
372
Bank of Nova Scotia
Ontario, Canada
$702K -$3.07M -45,821 -81%
BPA
373
Beacon Pointe Advisors
California
$697K +$480K +7,177 +196%
CGH
374
Crossmark Global Holdings
Texas
$692K +$210K +3,144 +41%
PP
375
Prudential plc
United Kingdom
$692K +$1.67K +25 +0.2%

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.