CarMax
KMX
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.
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: 657 → 671 (+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: 21 → 19 (-2)
68% less call options, than puts
Call options by funds: $261M | Put options by funds: $807M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$53.8M |
| 2 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
+$49M |
| 3 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
+$48.6M |
| 4 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$46.8M |
| 5 |
Two Sigma Investments
New York
|
+$28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$163M |
| 2 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
-$147M |
| 3 |
JP Morgan Chase
New York
|
-$63M |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
-$45.6M |
| 5 |
Renaissance Technologies
New York
|
-$19.9M |
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.