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
NAS
501
Nicolet Advisory Services
Wisconsin
$300K +$40.9K +558 +18%
AWAP
502
Alliance Wealth Advisors (Pennsylvania)
Pennsylvania
$297K +$1.32K +18 +0.5%
DEA
503
DoubleLine ETF Adviser
Florida
$297K +$260K +3,550 New
Empower Advisory Group
504
Empower Advisory Group
Colorado
$295K -$9.3K -127 -3%
IC
505
IEQ Capital
California
$295K -$108K -1,473 -30%
WWC
506
Waypoint Wealth Counsel
Georgia
$293K – – –
FNBT
507
FineMark National Bank & Trust
Florida
$290K – – –
API
508
Advisor Partners II
California
$290K +$254K +3,465 New
DCM
509
Dupont Capital Management
Delaware
$290K -$9.49M -129,588 -97%
1IA
510
1834 Investment Advisors
Wisconsin
$288K +$252K +3,439 New
Arrowstreet Capital
511
Arrowstreet Capital
Massachusetts
$285K -$1.46M -19,956 -85%
KC
512
Kinloch Capital
Virginia
$285K -$3.66K -50 -1%
AWM
513
AE Wealth Management
Kansas
$280K +$1.98K +27 +0.8%
SAM
514
Summit Asset Management
Tennessee
$275K – – –
SP
515
Symmetry Partners
Connecticut
$273K – – –
Lido Advisors
516
Lido Advisors
California
$270K +$236K +3,221 New
MAM
517
Meeder Asset Management
Ohio
$269K – – –
SBIA
518
Sheaff Brock Investment Advisors
Indiana
$268K – – –
JFL
519
Jarislowsky, Fraser Ltd
Quebec, Canada
$267K – – –
KWM
520
Keebeck Wealth Management
Illinois
$266K +$232K +3,174 New
LBC
521
Lowe Brockenbrough & Co
Virginia
$264K -$9.96K -136 -4%
BFM
522
Boston Financial Management
Massachusetts
$262K – – –
AUB
523
Atlantic Union Bankshares
Virginia
$262K -$5.86K -80 -2%
AIMCA
524
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$259K +$227K +3,100 New
BFM
525
Boothbay Fund Management
New York
$259K +$227K +3,098 New
19 20
21
22 23

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.