CarMax
716 hedge funds and large institutions have $15B invested in CarMax in 2024 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 266 increasing their positions, 233 reducing their positions, and 68 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 21 → 28 (+7)
29% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 68
14% more capital invested
Capital invested by funds: $13.1B → $15B (+$1.86B)
14% more repeat investments, than reductions
Existing positions increased: 266 | Existing positions reduced: 233
2% more funds holding
Funds holding: 704 → 716 (+12)
0.82% more ownership
Funds ownership: 108.12% → 108.94% (+0.82%)
18% less call options, than puts
Call options by funds: $324M | Put options by funds: $397M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
+$93.3M |
| 2 |
DC
Davenport & Co
Richmond,
Virginia
|
+$72M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$64.9M |
| 4 |
ACM
Anomaly Capital Management
New York
|
+$57.6M |
| 5 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$127M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$102M |
| 3 |
MIS
Morningstar Investment Services
Chicago,
Illinois
|
-$94.2M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$43.4M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$28.7M |
KMX Hedge Fund Activity: Q1 2024 in Review
716 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2024, worth a combined $15B — up 14% from $13.1B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new KMX positions and 68 closed out — a net gain of 20 holders — while 266 added to existing stakes and 233 trimmed.
The largest buyer was Holocene Advisors, adding an estimated $93.3M. The largest seller was Morgan Stanley, cutting an estimated $127M.
- 716 institutional investors held CarMax (KMX) as of Q1 2024, up from 704 in Q4 2023.
- Funds reported $15B of CarMax stock for Q1 2024, up 14% quarter-over-quarter.
- 88 funds opened new CarMax positions in Q1 2024 and 68 closed out, a net change of +20 holders.
- The largest CarMax buyer in Q1 2024 was Holocene Advisors, an estimated $93.3M added.
- The largest CarMax seller in Q1 2024 was Morgan Stanley, an estimated $127M sold.
Based on aggregated 13F filings for Q1 2024.