We are live on ! Find out more
KMX icon

CarMax
KMX

704 hedge funds and large institutions have $12.4B invested in CarMax in 2024 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 304 increasing their positions, 214 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 304 | Existing positions reduced: 214

16% more call options, than puts

Call options by funds: $295M | Put options by funds: $253M

0.57% less ownership

Funds ownership: 108.94% → 108.37% (-0.57%)

1% less first-time investments, than exits

New positions opened: 74 | Existing positions closed: 75

2% less funds holding

Funds holding: 716 → 704 (-12)

17% less capital invested

Capital invested by funds: $15B → $12.4B (-$2.55B)

21% less funds holding in top 10

Funds holding in top 10: 28 → 22 (-6)

Holders
704
Holders Change
-12
Holders Change %
-1.68%
% of All Funds
10.17%
Holding in Top 10
22
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-21.43%
% of All Funds
0.32%
New
74
Increased
304
Reduced
214
Closed
75
Calls
$295M
Puts
$253M
Net Calls
+$41.8M
Net Calls Change
+$115M

Top Buyers

1
VVP
Vulcan Value Partners
Alabama
+$98.7M
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$71.7M
3
Norges Bank
Norges Bank
Norway
+$50.1M
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$47.8M
5
Citadel Advisors
Citadel Advisors
Florida
+$41.9M

Top Sellers

1
Holocene Advisors
Holocene Advisors
New York
-$248M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$243M
3
TAM
Timucuan Asset Management
Florida
-$135M
4
Principal Financial Group
Principal Financial Group
Iowa
-$89.2M
5
ACM
Anomaly Capital Management
New York
-$66.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
476
Berkshire Asset Management
Pennsylvania
$348K +$148K +2,060 +77%
VSQM
477
V-Square Quantitative Management
Illinois
$347K +$45.7K +634 +15%
BCM
478
Brookstone Capital Management
Illinois
$337K +$43.4K +602 +17%
TSW
479
Thompson Siegel & Walmsley
Virginia
$336K – – –
DEA
480
DoubleLine ETF Adviser
Florida
$336K +$330K +4,580 New
THWM
481
Taylor Hoffman Wealth Management
Virginia
$335K -$10.4K -144 -3%
RCG
482
Regatta Capital Group
California
$330K +$51.2K +710 +19%
TC
483
TAGStone Capital
North Carolina
$320K – – –
LSAG
484
Lake Street Advisors Group
New Hampshire
$316K +$310K +4,305 New
BP
485
BBR Partners
New York
$313K – – –
AF
486
Aviso Financial
Ontario, Canada
$306K +$300K +4,169 New
WANY
487
Wealthspire Advisors (New York)
New York
$305K -$3.17K -44 -1%
CB
488
Commerce Bank
Missouri
$301K +$24.8K +344 +9%
LRIA
489
Leonard Rickey Investment Advisors
Washington
$301K +$22.9K +318 +8%
MWM
490
Marietta Wealth Management
Georgia
$301K – – –
NIM
491
NEOS Investment Management
Connecticut
$295K +$71.8K +996 +33%
Empower Advisory Group
492
Empower Advisory Group
Colorado
$290K -$2.02K -28 -0.7%
FAIM
493
Financial Advocates Investment Management
Washington
$289K +$6.49K +90 +2%
FSA
494
Franklin Street Advisors
North Carolina
$287K – – –
GM
495
GeoWealth Management
Illinois
$286K +$281K +3,906 New
DM
496
Deerfield Management
New York
$285K +$106K +1,474 +61%
FTDI
497
First Trust Direct Indexing
Massachusetts
$283K +$278K +3,855 New
BMSSC
498
B. Metzler seel. Sohn & Co
Germany
$282K +$11.3K +157 +4%
UB
499
UMB Bank
Missouri
$280K +$5.98K +83 +2%
SLAM
500
Swiss Life Asset Management
$276K +$271K +3,758 New
18 19
20
21 22

KMX Hedge Fund Activity: Q2 2024 in Review

704 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2024, worth a combined $12.4B — down 17% from $15B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of KMX and 74 opened new positions — a net loss of 1 holder — while 214 trimmed existing stakes and 304 added.

The largest buyer was Vulcan Value Partners, adding an estimated $98.7M. The largest seller was Holocene Advisors, cutting an estimated $248M.

  • 704 institutional investors held CarMax (KMX) as of Q2 2024, down from 716 in Q1 2024.
  • Funds reported $12.4B of CarMax stock for Q2 2024, down 17% quarter-over-quarter.
  • 74 funds opened new CarMax positions in Q2 2024 and 75 closed out, a net change of -1 holder.
  • The largest CarMax buyer in Q2 2024 was Vulcan Value Partners, an estimated $98.7M added.
  • The largest CarMax seller in Q2 2024 was Holocene Advisors, an estimated $248M sold.

Based on aggregated 13F filings for Q2 2024.