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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
TTWM
376
TCV Trust & Wealth Management
Virginia
$691K -$11.2K -168 -2%
TPCW
377
TD Private Client Wealth
New York
$689K +$38.1K +570 +6%
AWM
378
Avior Wealth Management
Nebraska
$688K
CWM
379
C2C Wealth Management
Arizona
$681K +$665K +9,933 New
DADC
380
D.A. Davidson & Co
Montana
$681K +$157K +2,350 +29%
Mariner
381
Mariner
Kansas
$663K -$53.1K -794 -7%
LSERS
382
Louisiana State Employees Retirement System
Louisiana
$662K +$6.69K +100 +1%
Corient Private Wealth
383
Corient Private Wealth
Florida
$651K -$1.28M -19,058 -65%
CSPIA
384
Cary Street Partners Investment Advisory
Virginia
$649K
CCP
385
Carmel Capital Partners
California
$649K +$676K +10,101 New
KCM
386
Kanawha Capital Management
Virginia
$648K -$33K -493 -5%
HighTower Advisors
387
HighTower Advisors
Illinois
$643K +$3.21K +48 +0.5%
CPIG
388
Chicago Partners Investment Group
Illinois
$635K -$265K -3,959 -30%
FDCDDQ
389
Federation des caisses Desjardins du Quebec
Quebec, Canada
$623K +$572K +8,544 +748%
TC
390
TownSquare Capital
Utah
$612K +$71.5K +1,068 +13%
SFFS
391
Stonehage Fleming Financial Services
Jersey
$612K -$53.4K -798 -7%
KFSC
392
Keystone Financial Services (Colorado)
Colorado
$598K +$7.43K +111 +1%
HAG
393
HF Advisory Group
Maryland
$598K +$32.5K +486 +6%
CG
394
Colony Group
Massachusetts
$582K +$14K +209 +2%
Macquarie Group
395
Macquarie Group
Australia
$579K -$25.4K -379 -4%
VI
396
Versor Investments
New York
$572K -$46.7K -698 -7%
Mercer Global Advisors
397
Mercer Global Advisors
Colorado
$561K -$46K -687 -7%
CB
398
Commerce Bank
Missouri
$551K +$12.4K +186 +2%
KeyBank National Association
399
KeyBank National Association
Ohio
$548K -$20.9K -313 -4%
Fifth Third Bancorp
400
Fifth Third Bancorp
Ohio
$521K -$75.8K -1,132 -12%

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.