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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
OAM
426
Oppenheimer Asset Management
New York
$509K +$39.4K +547 +9%
CF
427
Centaurus Financial
California
$503K +$165K +2,284 +50%
SCA
428
Snowden Capital Advisors
New York
$500K +$11.7K +163 +2%
BCV
429
Banque Cantonale Vaudoise
Switzerland
$495K +$487K +6,756 New
VFP
430
Verus Financial Partners
Virginia
$494K – – –
AAP
431
Arax Advisory Partners
Colorado
$493K +$30.6K +425 +7%
RIM
432
Rakuten Investment Management
Japan
$491K +$177K +2,455 +58%
Thrivent Financial for Lutherans
433
Thrivent Financial for Lutherans
Minnesota
$487K -$6.41K -89 -1%
GC
434
Gilbert & Cook
Iowa
$485K -$60.2K -835 -11%
1IA
435
1834 Investment Advisors
Wisconsin
$482K +$112K +1,561 +31%
TPCW
436
TD Private Client Wealth
New York
$468K -$10.7K -149 -2%
Northwestern Mutual Wealth Management
437
Northwestern Mutual Wealth Management
Wisconsin
$456K +$10.2K +142 +2%
IIM
438
INTECH Investment Management
Florida
$455K +$23.1K +320 +5%
CCG
439
Cypress Capital Group
Florida
$455K – – –
Macquarie Group
440
Macquarie Group
Australia
$454K -$16.3K -226 -4%
HR
441
Hardy Reed
Mississippi
$447K +$175K +2,424 +66%
Mackenzie Financial
442
Mackenzie Financial
Ontario, Canada
$446K -$11.6K -161 -3%
PCS
443
Personal CFO Solutions
New Jersey
$444K -$28.8K -399 -6%
PP
444
Prudential plc
United Kingdom
$444K +$436K +6,052 New
IAN
445
Integrated Advisors Network
Texas
$442K +$74.7K +1,036 +21%
CT
446
Chicago Trust
Illinois
$441K -$55.6K -771 -11%
TMAM
447
Tokio Marine Asset Management
Japan
$441K +$20.8K +288 +5%
NSEDCP
448
NJ State Employees Deferred Compensation Plan
New Jersey
$440K – – –
CC
449
Chicago Capital
Illinois
$440K +$432K +5,995 New
Public Sector Pension Investment Board (PSP Investments)
450
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$437K +$170K +2,360 +66%
16 17
18
19 20

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.