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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
MSU
351
Mizuho Securities USA
New York
$890K +$874K +12,132 New
CA
352
Clearstead Advisors
Ohio
$888K +$528K +7,329 +153%
PI
353
PEAK6 Investments
Illinois
$885K +$870K +12,069 New
MSRPS
354
Maryland State Retirement & Pension System
Maryland
$884K – – –
CWM
355
Chemistry Wealth Management
New York
$884K +$91.4K +1,269 +12%
STA
356
Summit Trail Advisors
New York
$876K +$296K +4,108 +52%
FIA
357
Foundations Investment Advisors
Arizona
$871K +$123K +1,702 +17%
KRS
358
Kentucky Retirement Systems
Kentucky
$870K -$9.58K -133 -1%
N
359
Numerai
California
$853K +$561K +7,787 +203%
BIM
360
Bridges Investment Management
Nebraska
$850K +$835K +11,590 New
CC
361
Copperleaf Capital
North Carolina
$843K +$20.5K +284 +3%
D.E. Shaw & Co
362
D.E. Shaw & Co
New York
$836K +$822K +11,400 New
PSC
363
Portman Square Capital
United Kingdom
$836K +$822K +11,400 New
Pacer Advisors
364
Pacer Advisors
Pennsylvania
$826K -$159K -2,206 -16%
EMPI
365
Elo Mutual Pension Insurance
Finland
$826K -$48.2K -669 -6%
CCP
366
Carmel Capital Partners
California
$826K +$94.4K +1,310 +13%
SA
367
Sanctuary Advisors
Indiana
$814K +$842K +11,690 New
KFSC
368
Keystone Financial Services (Colorado)
Colorado
$809K +$79.8K +1,107 +11%
AWS
369
Atria Wealth Solutions
New York
$787K +$266K +3,695 +52%
MPM
370
MBB Public Markets
Illinois
$784K +$542K +7,524 +237%
PAM
371
Panagora Asset Management
Massachusetts
$782K -$305K -4,234 -28%
TTWM
372
TCV Trust & Wealth Management
Virginia
$771K -$5.41K -75 -0.7%
Mercer Global Advisors
373
Mercer Global Advisors
Colorado
$765K -$28.2K -391 -4%
SAM
374
Sompo Asset Management
Japan
$765K +$127K +1,762 +20%
CS
375
Candriam SCA
Luxembourg
$759K -$10.1M -140,820 -93%
13 14
15
16 17

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.