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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
GI
501
GAMMA Investing
California
$272K +$112K +1,553 +72%
Group One Trading
502
Group One Trading
Illinois
$272K +$267K +3,702 New
JFG
503
Jefferies Financial Group
New York
$269K +$265K +3,671 New
GP
504
Greenline Partners
New York
$268K +$272K +3,769 New
MGWM
505
Marks Group Wealth Management
Minnesota
$265K -$30.3K -421 -10%
RG
506
Rathbones Group
United Kingdom
$264K – – –
AFG
507
Allegheny Financial Group
Pennsylvania
$264K +$10.3K +143 +4%
SWM
508
Segment Wealth Management
Texas
$263K – – –
EGM
509
Engineers Gate Manager
New York
$262K +$257K +3,566 New
VCM
510
Virtue Capital Management
Tennessee
$261K +$32.6K +453 +16%
ECG
511
Edge Capital Group
Georgia
$258K – – –
C1AG
512
Client 1st Advisory Group
Florida
$257K +$32.9K +457 +15%
IMCOOI
513
Investment Management Corp of Ontario (IMCO)
Canada
$256K +$64.9K +900 +35%
QCM
514
Quantinno Capital Management
New York
$256K +$35.8K +497 +17%
MHIC
515
Marble Harbor Investment Counsel
Massachusetts
$254K – – –
KC
516
Kinloch Capital
Virginia
$253K – – –
NAS
517
Nicolet Advisory Services
Wisconsin
$253K -$8.72K -121 -4%
CWS
518
Cypress Wealth Services
California
$251K +$50.9K +707 +26%
BMCM
519
Bryn Mawr Capital Management
Pennsylvania
$249K – – –
FFM
520
Forum Financial Management
Illinois
$247K -$577 -8 -0.2%
VWM
521
Venturi Wealth Management
Texas
$242K +$238K +3,301 New
AWA
522
Arete Wealth Advisors
Illinois
$242K +$238K +3,297 New
AWAP
523
Alliance Wealth Advisors (Pennsylvania)
Pennsylvania
$241K +$237K +3,291 New
SAM
524
Summit Asset Management
Tennessee
$241K – – –
MA
525
Mezzasalma Advisors
New Jersey
$240K +$235K +3,267 New
19 20
21
22 23

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.