CarMax
639 hedge funds and large institutions have $11.1B invested in CarMax in 2022 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 234 increasing their positions, 237 reducing their positions, and 88 closing their positions.
5.17% more ownership
Funds ownership: 101.12% → 106.29% (+5.2%)
1% less repeat investments, than reductions
Existing positions increased: 234 | Existing positions reduced: 237
7% less funds holding
Funds holding: 690 → 639 (-51)
16% less call options, than puts
Call options by funds: $196M | Put options by funds: $235M
23% less funds holding in top 10
Funds holding in top 10: 22 → 17 (-5)
24% less capital invested
Capital invested by funds: $14.7B → $11.1B (-$3.54B)
50% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 88
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$412M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$81.7M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$74.7M |
| 4 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$49.4M |
| 5 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
-$77.5M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$34.2M |
| 3 |
Morgan Stanley
New York
|
-$31.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$30M |
| 5 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$21.9M |
KMX Hedge Fund Activity: Q3 2022 in Review
639 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2022, worth a combined $11.1B — down 24% from $14.7B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of KMX and 44 opened new positions — a net loss of 44 holders — while 237 trimmed existing stakes and 234 added.
The largest buyer was Janus Henderson Group, adding an estimated $412M. The largest seller was Holocene Advisors, exiting entirely with an estimated $77.5M sold.
- 639 institutional investors held CarMax (KMX) as of Q3 2022, down from 690 in Q2 2022.
- Funds reported $11.1B of CarMax stock for Q3 2022, down 24% quarter-over-quarter.
- 44 funds opened new CarMax positions in Q3 2022 and 88 closed out, a net change of -44 holders.
- The largest CarMax buyer in Q3 2022 was Janus Henderson Group, an estimated $412M added.
- The largest CarMax seller in Q3 2022 was Holocene Advisors, an estimated $77.5M sold.
Based on aggregated 13F filings for Q3 2022.