CarMax
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.
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)
Top Buyers
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$98.7M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$71.7M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$50.1M |
| 4 |
Two Sigma Advisers
New York
|
+$47.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$41.9M |
Top Sellers
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.