CarMax
704 hedge funds and large institutions have $13.9B invested in CarMax in 2023 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 228 increasing their positions, 253 reducing their positions, and 61 closing their positions.
56% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 61
42% more funds holding in top 10
Funds holding in top 10: 19 → 27 (+8)
26% more capital invested
Capital invested by funds: $11B → $13.9B (+$2.87B)
5% more funds holding
Funds holding: 671 → 704 (+33)
10% less repeat investments, than reductions
Existing positions increased: 228 | Existing positions reduced: 253
3.49% less ownership
Funds ownership: 108.44% → 104.95% (-3.5%)
41% less call options, than puts
Call options by funds: $301M | Put options by funds: $509M
Top Buyers
| 1 |
Norges Bank
Oslo,
Norway
|
+$86.1M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
+$63.2M |
| 3 |
Millennium Management
New York
|
+$40.3M |
| 4 |
Goldman Sachs
New York
|
+$25.7M |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$23.8M |
Top Sellers
KMX Hedge Fund Activity: Q2 2023 in Review
704 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2023, worth a combined $13.9B — up 26% from $11B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new KMX positions and 61 closed out — a net gain of 34 holders — while 228 added to existing stakes and 253 trimmed.
The largest buyer was Norges Bank, adding an estimated $86.1M. The largest seller was Turtle Creek Asset Management, cutting an estimated $56.7M.
- 704 institutional investors held CarMax (KMX) as of Q2 2023, up from 671 in Q1 2023.
- Funds reported $13.9B of CarMax stock for Q2 2023, up 26% quarter-over-quarter.
- 95 funds opened new CarMax positions in Q2 2023 and 61 closed out, a net change of +34 holders.
- The largest CarMax buyer in Q2 2023 was Norges Bank, an estimated $86.1M added.
- The largest CarMax seller in Q2 2023 was Turtle Creek Asset Management, an estimated $56.7M sold.
Based on aggregated 13F filings for Q2 2023.