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CarMax
KMX

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
21
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5%
% of All Funds
0.31%
New
94
Increased
232
Reduced
276
Closed
64
Calls
$306M
Puts
$425M
Net Calls
-$119M
Net Calls Change
+$92M

Top Buyers

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

Top Sellers

1
RCG
Ruane, Cunniff & Goldfarb
New York
-$96.7M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$87.7M
3
Citadel Advisors
Citadel Advisors
Florida
-$87.2M
4
Goldman Sachs
Goldman Sachs
New York
-$61.5M
5
Los Angeles Capital Management
Los Angeles Capital Management
California
-$42.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
476
Corton Capital
Ontario, Canada
$328K -$105K -1,559 -27%
SWA
477
Stratos Wealth Advisors
Ohio
$326K +$286K +4,250 New
Carson Wealth (CWM LLC)
478
Carson Wealth (CWM LLC)
Nebraska
$322K +$42.2K +628 +18%
CWM
479
Connecticut Wealth Management
Connecticut
$321K -$20.2K -300 -7%
QWP
480
Quotient Wealth Partners
Texas
$319K +$280K +4,161 New
VSQM
481
V-Square Quantitative Management
Illinois
$315K +$43.8K +651 +19%
MWM
482
Marietta Wealth Management
Georgia
$315K – – –
OTL
483
Oak Thistle LLC
New York
$314K +$275K +4,086 New
MGWM
484
Marks Group Wealth Management
Minnesota
$311K – – –
ETC
485
Exchange Traded Concepts
Oklahoma
$311K +$171K +2,550 +170%
DWM
486
Dakota Wealth Management
Florida
$310K – – –
Empower Advisory Group
487
Empower Advisory Group
Colorado
$310K +$30K +446 +12%
CB
488
Commerce Bank
Missouri
$306K -$40.6K -604 -13%
CT
489
Clearstead Trust
Maine
$301K -$178K -2,650 -40%
IC
490
IEQ Capital
California
$296K -$160K -2,383 -38%
CIAS
491
Capital Investment Advisory Services
North Carolina
$292K -$78K -1,160 -23%
KAS
492
Kestra Advisory Services
Texas
$291K -$171K -2,550 -40%
FAIM
493
Financial Advocates Investment Management
Washington
$290K -$3.29K -49 -1%
CL
494
Choreo LLC
Illinois
$286K +$250K +3,725 New
VI
495
Vestcor Inc
New Brunswick, Canada
$284K -$2.29K -34 -0.9%
IMCOOI
496
Investment Management Corp of Ontario (IMCO)
Canada
$283K +$248K +3,693 New
BMSSC
497
B. Metzler seel. Sohn & Co
Germany
$283K – – –
PA
498
Profund Advisors
Maryland
$282K +$34.1K +508 +16%
HR
499
Hardy Reed
Mississippi
$282K -$4.24K -63 -2%
UB
500
UMB Bank
Missouri
$281K -$77.8K -1,157 -24%
18 19
20
21 22

KMX Hedge Fund Activity: Q4 2023 in Review

704 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2023, worth a combined $13.1B — up 11% from $11.9B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new KMX positions and 64 closed out — a net gain of 30 holders — while 232 added to existing stakes and 276 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $142M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $96.7M.

  • 704 institutional investors held CarMax (KMX) as of Q4 2023, up from 682 in Q3 2023.
  • Funds reported $13.1B of CarMax stock for Q4 2023, up 11% quarter-over-quarter.
  • 94 funds opened new CarMax positions in Q4 2023 and 64 closed out, a net change of +30 holders.
  • The largest CarMax buyer in Q4 2023 was Morgan Stanley, an estimated $142M added.
  • The largest CarMax seller in Q4 2023 was Ruane, Cunniff & Goldfarb, an estimated $96.7M sold.

Based on aggregated 13F filings for Q4 2023.