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CarMax

KMX

Market cap $8.3B

704 hedge funds and large institutions have $13.1B invested in CarMax in 2023 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 232 increasing their positions, 276 reducing their positions, and 64 closing their positions.

New

Increased

Maintained

Reduced

Closed

47% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 64

11% more capital invested

Capital invested by funds: $11.9B → $13.1B (+$1.26B)

5% more funds holding in top 10

Funds holding in top 10: 20 → 21 (+1)

3% more funds holding

Funds holding: 682 → 704 (+22)

2.3% more ownership

Funds ownership: 105.82% → 108.12% (+2.3%)

16% less repeat investments, than reductions

Existing positions increased: 232 | Existing positions reduced: 276

28% less call options, than puts

Call options by funds: $306M | Put options by funds: $425M

Holders

704

Holders Change

+22

Holders Change %

+3.23%

% of All Funds

10.26%

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

+5%

% of All Funds

0.31%

New

Increased

232

Reduced

276

Closed

Calls

$306M

Puts

$425M

Net Calls

-$119M

Net Calls Change

+$92M

Top Buyers

1	Morgan Stanley New York	+$142M
2	MIS Morningstar Investment Services Chicago, Illinois	+$89.2M
3	Diamond Hill Capital Management Columbus, Ohio	+$77.4M
4	Holocene Advisors New York	+$47.9M
5	Adage Capital Partners Boston, Massachusetts	+$40.2M

Top Sellers

1	RCG Ruane, Cunniff & Goldfarb New York	-$96.7M
2	Wellington Management Group Boston, Massachusetts	-$87.7M
3	Citadel Advisors Miami, Florida	-$87.2M
4	Goldman Sachs New York	-$61.5M
5	Los Angeles Capital Management Los Angeles, California	-$42.7M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
26	GC 26 Giverny Capital Montreal, Quebec, Canada	$118M	+$883K	+13,136	+0.9%
27	27 Northern Trust Chicago, Illinois	$112M	-$7.08M	-105,311	-7%
28	TAM 28 Timucuan Asset Management Jacksonville, Florida	$111M	+$37.1K	+552	+0%
29	29 Brown Advisory Baltimore, Maryland	$97M	-$964K	-14,333	-1%
30	30 Bank of America Charlotte, North Carolina	$92.1M	-$2.16M	-32,116	-3%
31	31 Corient Private Wealth Miami, Florida	$89.8M	+$15.9M	+235,961	+25%
32	VLKIM 32 Van Lanschot Kempen Investment Management Amsterdam, Netherlands	$87.1M	+$15.7M	+233,092	+26%
33	33 Envestnet Asset Management Chicago, Illinois	$86.9M	-$2M	-29,727	-3%
34	MP 34 Makaira Partners La Jolla, California	$84.1M	–	–	–
35	35 Kovitz Investment Group Partners Chicago, Illinois	$82.8M	+$1.18M	+17,601	+2%
36	MAM 36 Madison Asset Management Madison, Wisconsin	$80.7M	+$596K	+8,866	+0.9%
37	37 UBS AM Chicago, Illinois	$80.6M	+$13M	+192,978	+23%
38	38 Bank of New York Mellon New York	$79M	-$1.93M	-28,642	-3%
39	39 American Century Companies Kansas City, Missouri	$78.5M	+$14.5M	+216,185	+27%
40	40 Charles Schwab San Francisco, California	$76.1M	+$2.02M	+30,107	+3%
41	41 Goldman Sachs New York	$72.4M	-$61.5M	-914,441	-49%
42	42 Royal Bank of Canada Toronto, Ontario, Canada	$71.2M	-$773K	-11,506	-1%
43	WF 43 Welch & Forbes Boston, Massachusetts	$68.1M	-$1.86M	-27,609	-3%
44	KP 44 Kiltearn Partners Edinburgh, United Kingdom	$66.8M	+$1.84M	+27,300	+3%
45	45 Ameriprise Minneapolis, Minnesota	$66.5M	+$4.44M	+66,043	+8%
46	46 Legal & General Group London, United Kingdom	$61.1M	-$2.43M	-36,135	-4%
47	WIM 47 Weitz Investment Management Omaha, Nebraska	$57.5M	+$2.02M	+30,000	+4%
48	48 Adage Capital Partners Boston, Massachusetts	$56M	+$40.2M	+598,100	+457%
49	BRIM 49 Broad Run Investment Management Arlington, Virginia	$55.1M	-$6.2M	-92,199	-11%
50	SL 50 Summitry LLC Foster City, California	$54.8M	+$321K	+4,780	+0.7%