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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
BF
451
BOK Financial
Oklahoma
$433K – – –
EOJOAM
452
E. Ohman J:or Asset Management
Sweden
$433K – – –
HWM
453
HB Wealth Management
Georgia
$414K +$87.8K +1,218 +27%
HBT
454
Hills Bank & Trust
Iowa
$411K -$15.1K -210 -4%
LAM
455
Lountzis Asset Management
Pennsylvania
$410K – – –
RCA
456
Resonant Capital Advisors
Wisconsin
$409K +$37.5K +521 +10%
AGWCA
457
Annis Gardner Whiting Capital Advisors
Florida
$407K +$394K +5,474 +6,929%
NB
458
Norinchukin Bank
Japan
$407K +$9.8K +136 +3%
MCM
459
Manchester Capital Management
Vermont
$404K +$577 +8 +0.1%
OAC
460
OMERS Administration Corp
Ontario, Canada
$403K +$396K +5,493 New
CIA
461
Compass Ion Advisors
Pennsylvania
$401K – – –
EF
462
Empirical Finance
Pennsylvania
$398K -$30.3K -421 -7%
TI
463
Tidal Investments
Wisconsin
$395K +$71.6K +994 +23%
AWM
464
AE Wealth Management
Kansas
$387K +$54.5K +756 +17%
LF
465
LifePlan Financial
Minnesota
$374K -$242K -3,352 -40%
ETC
466
Exchange Traded Concepts
Oklahoma
$374K +$73.9K +1,025 +25%
KRSITF
467
Kentucky Retirement Systems Insurance Trust Fund
Kentucky
$372K -$9.8K -136 -3%
OSAM
468
O'Shaughnessy Asset Management
Connecticut
$372K +$89.4K +1,240 +32%
O
469
Ossiam
France
$369K +$32.3K +448 +10%
NMIMC
470
Northwestern Mutual Investment Management Company
Wisconsin
$367K -$144 -2 -0%
CFA
471
Capstone Financial Advisors
Illinois
$367K – – –
MGP
472
Metis Global Partners
California
$366K -$4.25K -59 -1%
LKIM
473
Lawson Kroeker Investment Management
Nebraska
$363K -$37.6K -522 -10%
AIM
474
Aigen Investment Management
New York
$355K +$349K +4,840 New
MCM
475
MAI Capital Management
Ohio
$350K +$344K +4,771 New
17 18
19
20 21

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.