CarMax
740 hedge funds and large institutions have $12.6B invested in CarMax in 2024 Q3 according to their latest regulatory filings, with 89 funds opening new positions, 240 increasing their positions, 285 reducing their positions, and 49 closing their positions.
82% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 49
5% more funds holding
Funds holding: 704 → 740 (+36)
5% more funds holding in top 10
Funds holding in top 10: 22 → 23 (+1)
2% more capital invested
Capital invested by funds: $12.4B → $12.6B (+$202M)
3.01% less ownership
Funds ownership: 108.37% → 105.36% (-3%)
16% less repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 285
20% less call options, than puts
Call options by funds: $250M | Put options by funds: $312M
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$135M |
| 2 |
Holocene Advisors
New York
|
+$66M |
| 3 |
Goldman Sachs
New York
|
+$66M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$34.5M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$29.7M |
Top Sellers
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$156M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$121M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$106M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$81.1M |
| 5 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
-$67.1M |
KMX Hedge Fund Activity: Q3 2024 in Review
740 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2024, worth a combined $12.6B — up 1.6% from $12.4B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new KMX positions and 49 closed out — a net gain of 40 holders — while 240 added to existing stakes and 285 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $135M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $156M.
- 740 institutional investors held CarMax (KMX) as of Q3 2024, up from 704 in Q2 2024.
- Funds reported $12.6B of CarMax stock for Q3 2024, up 1.6% quarter-over-quarter.
- 89 funds opened new CarMax positions in Q3 2024 and 49 closed out, a net change of +40 holders.
- The largest CarMax buyer in Q3 2024 was Fidelity Investments, an estimated $135M added.
- The largest CarMax seller in Q3 2024 was Ruane, Cunniff & Goldfarb, an estimated $156M sold.
Based on aggregated 13F filings for Q3 2024.