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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.

New
Increased
Maintained
Reduced
Closed

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: 657671 (+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: 2119 (-2)

68% less call options, than puts

Call options by funds: $261M | Put options by funds: $807M

Holders
671
Holders Change
+14
Holders Change %
+2.13%
% of All Funds
10.69%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.3%
New
93
Increased
258
Reduced
216
Closed
66
Calls
$261M
Puts
$807M
Net Calls
-$547M
Net Calls Change
-$429M
Name Holding Trade Value Shares
Change
Change in
Stake
SAM
501
Sompo Asset Management
Japan
$226K +$236K +3,520 New
WWC
502
Waypoint Wealth Counsel
Georgia
$225K -$34.6K -517 -13%
BOM
503
Bank of Marin
California
$225K -$18.1K -270 -7%
DWA
504
Douglass Winthrop Advisors
New York
$224K
FNBT
505
FineMark National Bank & Trust
Florida
$223K +$1.81K +27 +0.8%
KC
506
Kinloch Capital
Virginia
$222K -$3.68K -55 -2%
Capstone Investment Advisors
507
Capstone Investment Advisors
New York
$217K +$203K +3,039 +907%
AWM
508
AE Wealth Management
Kansas
$213K +$222K +3,316 New
LBC
509
Lowe Brockenbrough & Co
Virginia
$211K +$220K +3,288 New
SAM
510
Summit Asset Management
Tennessee
$211K -$4.48K -67 -2%
MOS
511
MGO One Seven
Ohio
$210K +$219K +3,272 New
SP
512
Symmetry Partners
Connecticut
$210K +$218K +3,262 New
AUB
513
Atlantic Union Bankshares
Virginia
$206K +$215K +3,212 New
MAM
514
Meeder Asset Management
Ohio
$206K -$25.8K -385 -11%
SBIA
515
Sheaff Brock Investment Advisors
Indiana
$206K +$215K +3,205 New
BCM
516
Brookstone Capital Management
Illinois
$205K +$197K +2,949 New
JFL
517
Jarislowsky, Fraser Ltd
Quebec, Canada
$205K +$213K +3,190 New
CA
518
Carson Advisory
Georgia
$205K +$213K +3,188 New
MA
519
Mutual Advisors
Nebraska
$204K +$212K +3,175 New
ECM
520
ExodusPoint Capital Management
New York
$204K +$212K +3,175 New
FFM
521
Forum Financial Management
Illinois
$203K -$11.4K -171 -5%
AIA
522
Arrow Investment Advisors
Maryland
$203K +$211K +3,160 New
NAS
523
Nicolet Advisory Services
Wisconsin
$202K +$210K +3,143 New
BFM
524
Boston Financial Management
Massachusetts
$201K +$210K +3,134 New
FIM
525
Freedom Investment Management
Connecticut
$200K +$209K +3,116 New

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.