We are live on ! Find out more
KMX icon

CarMax
KMX

704 hedge funds and large institutions have $13.9B invested in CarMax in 2023 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 228 increasing their positions, 253 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 61

42% more funds holding in top 10

Funds holding in top 10: 19 → 27 (+8)

26% more capital invested

Capital invested by funds: $11B → $13.9B (+$2.87B)

5% more funds holding

Funds holding: 671 → 704 (+33)

10% less repeat investments, than reductions

Existing positions increased: 228 | Existing positions reduced: 253

3.49% less ownership

Funds ownership: 108.44% → 104.95% (-3.5%)

41% less call options, than puts

Call options by funds: $301M | Put options by funds: $509M

Holders
704
Holders Change
+33
Holders Change %
+4.92%
% of All Funds
11.05%
Holding in Top 10
27
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+42.11%
% of All Funds
0.42%
New
95
Increased
228
Reduced
253
Closed
61
Calls
$301M
Puts
$509M
Net Calls
-$208M
Net Calls Change
+$338M

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$86.1M
2
Corient Private Wealth
Corient Private Wealth
Florida
+$63.2M
3
Millennium Management
Millennium Management
New York
+$40.3M
4
Goldman Sachs
Goldman Sachs
New York
+$25.7M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$23.8M

Top Sellers

1
TCAM
Turtle Creek Asset Management
Ontario, Canada
-$56.7M
2
Two Sigma Investments
Two Sigma Investments
New York
-$46.3M
3
Invesco
Invesco
Georgia
-$45.5M
4
DCM
Dorsal Capital Management
California
-$45M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$44.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
O
476
Ossiam
France
$390K +$196K +2,676 +135%
BRWA
477
B. Riley Wealth Advisors
Florida
$388K +$340K +4,640 New
BC
478
Brookfield Corp
Ontario, Canada
$380K -$516K -7,047 -61%
TMAM
479
Tokio Marine Asset Management
Japan
$379K +$27.6K +377 +9%
CWM
480
Connecticut Wealth Management
Connecticut
$375K – – –
SIA
481
Schechter Investment Advisors
Michigan
$370K +$10.1K +138 +3%
CQS
482
Credential Qtrade Securities
$361K +$315K +4,308 New
ACP
483
Arcus Capital Partners
Georgia
$360K +$315K +4,301 New
MHIC
484
Marble Harbor Investment Counsel
Massachusetts
$352K – – –
CB
485
Commerce Bank
Missouri
$344K -$328K -4,475 -52%
MWM
486
Marietta Wealth Management
Georgia
$343K – – –
MGWM
487
Marks Group Wealth Management
Minnesota
$340K – – –
DWM
488
Dakota Wealth Management
Florida
$339K – – –
PA
489
Profund Advisors
Maryland
$333K +$291K +3,979 New
VCM
490
Virtue Capital Management
Tennessee
$326K +$13K +178 +5%
SFCL
491
Strengthening Families & Communities LLC
Massachusetts
$321K +$73.5K +1,004 +35%
FAIM
492
Financial Advocates Investment Management
Washington
$320K -$7.17K -98 -2%
Carson Wealth (CWM LLC)
493
Carson Wealth (CWM LLC)
Nebraska
$316K +$61.2K +836 +28%
HR
494
Hardy Reed
Mississippi
$316K -$11K -150 -4%
YC
495
Yarbrough Capital
Tennessee
$315K – – –
VI
496
Vestcor Inc
New Brunswick, Canada
$313K -$3K -41 -1%
SC
497
Savant Capital
Illinois
$310K +$271K +3,699 New
BMSSC
498
B. Metzler seel. Sohn & Co
Germany
$309K – – –
ECG
499
Edge Capital Group
Georgia
$303K +$265K +3,625 New
RG
500
Rathbones Group
United Kingdom
$301K – – –
18 19
20
21 22

KMX Hedge Fund Activity: Q2 2023 in Review

704 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2023, worth a combined $13.9B — up 26% from $11B a quarter earlier.

Buyers outnumbered sellers: 95 funds opened new KMX positions and 61 closed out — a net gain of 34 holders — while 228 added to existing stakes and 253 trimmed.

The largest buyer was Norges Bank, adding an estimated $86.1M. The largest seller was Turtle Creek Asset Management, cutting an estimated $56.7M.

  • 704 institutional investors held CarMax (KMX) as of Q2 2023, up from 671 in Q1 2023.
  • Funds reported $13.9B of CarMax stock for Q2 2023, up 26% quarter-over-quarter.
  • 95 funds opened new CarMax positions in Q2 2023 and 61 closed out, a net change of +34 holders.
  • The largest CarMax buyer in Q2 2023 was Norges Bank, an estimated $86.1M added.
  • The largest CarMax seller in Q2 2023 was Turtle Creek Asset Management, an estimated $56.7M sold.

Based on aggregated 13F filings for Q2 2023.