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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
FPWM
376
FSB Premier Wealth Management
Iowa
$753K +$349K +4,849 +90%
BAMF
377
BI Asset Management Fondsmaeglerselskab
Denmark
$752K +$211K +2,924 +40%
AAS
378
Avantax Advisory Services
Texas
$740K +$727K +10,092 New
HIMCH
379
Hartford Investment Management Co (HIMCO)
Connecticut
$737K -$11.6K -161 -2%
RC
380
RBF Capital
California
$733K -$721K -10,000 -50%
Mirae Asset Global Investments
381
Mirae Asset Global Investments
South Korea
$733K -$1.55M -21,481 -68%
Wealth Enhancement Advisory Services
382
Wealth Enhancement Advisory Services
Minnesota
$732K +$103K +1,427 +17%
CIBC World Market
383
CIBC World Market
Ontario, Canada
$722K -$145K -2,017 -17%
AWM
384
Avior Wealth Management
Nebraska
$722K -$107K -1,483 -13%
VCA
385
Verdence Capital Advisors
Maryland
$717K -$79.8K -1,108 -10%
Schroder Investment Management Group
386
Schroder Investment Management Group
United Kingdom
$696K +$73.5K +1,020 +12%
EI
387
Ethic Inc
New York
$696K -$164K -2,276 -19%
TFA
388
Tranquilli Financial Advisor
New Jersey
$695K +$42.2K +585 +6%
Aviva
389
Aviva
United Kingdom
$692K +$248K +3,440 +57%
VPIM
390
Vanguard Personalized Indexing Management
California
$681K +$227K +3,155 +50%
CWM
391
Compass Wealth Management
Connecticut
$667K -$144K -2,000 -18%
FDCDDQ
392
Federation des caisses Desjardins du Quebec
Quebec, Canada
$661K +$18.4K +255 +3%
Fifth Third Bancorp
393
Fifth Third Bancorp
Ohio
$661K +$12.8K +177 +2%
NC
394
nVerses Capital
Florida
$660K +$649K +9,000 New
SAM
395
Securian Asset Management
Minnesota
$659K -$22.6K -313 -3%
LSERS
396
Louisiana State Employees Retirement System
Louisiana
$653K -$21.6K -300 -3%
KCM
397
Kanawha Capital Management
Virginia
$627K +$173K +2,401 +39%
SWA
398
Stratos Wealth Advisors
Ohio
$620K +$303K +4,208 +99%
HighTower Advisors
399
HighTower Advisors
Illinois
$618K -$7.06K -98 -1%
CSPIA
400
Cary Street Partners Investment Advisory
Virginia
$618K -$220K -3,059 -27%
14 15
16
17 18

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.