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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
SAM
401
Shell Asset Management
Netherlands
$518K
HCM
402
Hillman Capital Management
Maryland
$510K +$42.3K +632 +9%
TRCT
403
Tower Research Capital (TRC)
New York
$506K +$312K +4,660 +145%
OAM
404
Oppenheimer Asset Management
New York
$505K +$7.29K +109 +1%
PAG
405
Private Advisor Group
New Jersey
$505K -$1.05M -15,716 -67%
GWM
406
Geneos Wealth Management
Colorado
$504K -$54.1K -808 -9%
GRP
407
Global Retirement Partners
California
$502K +$147K +2,201 +45%
EOJOAM
408
E. Ohman J:or Asset Management
Sweden
$482K
TFA
409
Tranquilli Financial Advisor
New Jersey
$479K -$51.1K -763 -9%
QIM
410
Quantitative Investment Management
Virginia
$478K -$17.9K -268 -3%
NB
411
Norinchukin Bank
Japan
$477K +$20.7K +310 +4%
SXL
412
Summit X LLC
Missouri
$475K -$5.82K -87 -1%
Northwestern Mutual Wealth Management
413
Northwestern Mutual Wealth Management
Wisconsin
$471K +$36.6K +547 +8%
NMERB
414
New Mexico Educational Retirement Board
New Mexico
$468K -$20.1K -300 -4%
HBT
415
Hills Bank & Trust
Iowa
$459K
Canada Pension Plan Investment Board
416
Canada Pension Plan Investment Board
Ontario, Canada
$456K +$396K +5,919 +501%
Thrivent Financial for Lutherans
417
Thrivent Financial for Lutherans
Minnesota
$455K +$1.14K +17 +0.2%
MLICM
418
Metropolitan Life Insurance Company (MetLife)
New York
$454K -$139K -2,071 -23%
THWM
419
Taylor Hoffman Wealth Management
Virginia
$443K -$51.3K -766 -10%
Nomura Holdings
420
Nomura Holdings
Japan
$440K +$458K +6,838 New
RJT
421
Raymond James Trust
Florida
$429K +$5.35K +80 +1%
GC
422
Gilbert & Cook
Iowa
$423K +$16.9K +253 +4%
GT
423
Glenmede Trust
Pennsylvania
$422K +$61.4K +917 +16%
IG
424
ING Group
Netherlands
$415K +$432K +6,453 New
Mackenzie Financial
425
Mackenzie Financial
Ontario, Canada
$412K -$9.44K -141 -2%

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.