We are live on ! Find out more

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
V
426
Veritable
Delaware
$411K -$32.9K -492 -7%
KAS
427
Kestra Advisory Services
Texas
$400K -$200K -2,993 -32%
CCG
428
Cypress Capital Group
Florida
$399K -$3.21K -48 -0.8%
ESCM
429
Echo Street Capital Management
New York
$398K +$415K +6,194 New
EI
430
Ethic Inc
New York
$398K -$184K -2,745 -31%
CT
431
Clearstead Trust
Maine
$392K -$58.2K -869 -12%
RP
432
Riverwater Partners
Wisconsin
$388K
NSEDCP
433
NJ State Employees Deferred Compensation Plan
New Jersey
$386K
BAM
434
Blueshift Asset Management
New Jersey
$382K +$398K +5,943 New
STA
435
Summit Trail Advisors
New York
$381K +$132K +1,974 +50%
BFEC
436
Benjamin F. Edwards & Company
Missouri
$380K +$20.5K +307 +5%
BF
437
BOK Financial
Oklahoma
$380K -$67.5K -1,008 -15%
II
438
Inspire Investing
Idaho
$377K +$12.6K +188 +3%
CFB
439
Cullen/Frost Bankers
Texas
$376K -$222K -3,320 -36%
IWA
440
Intercontinental Wealth Advisors
Texas
$374K +$390K +5,825 New
XF
441
XML Financial
Maryland
$372K +$77.6K +1,160 +24%
WSTAM
442
Wilbanks Smith & Thomas Asset Management
Virginia
$372K +$3.95K +59 +1%
Bessemer Group
443
Bessemer Group
New Jersey
$370K +$282K +4,217 +275%
AC
444
Armistice Capital
New York
$369K +$384K +5,742 New
RCA
445
Resonant Capital Advisors
Wisconsin
$365K -$47K -702 -11%
WS
446
Wedbush Securities
California
$363K +$31.2K +466 +9%
KRSITF
447
Kentucky Retirement Systems Insurance Trust Fund
Kentucky
$361K -$5.42K -81 -1%
LAM
448
Lountzis Asset Management
Pennsylvania
$360K +$375K +5,597 New
APG Asset Management
449
APG Asset Management
Netherlands
$353K -$633K -9,454 -61%
PP
450
Patten & Patten
Tennessee
$353K -$80.3K -1,200 -18%

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.