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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
MAM
526
Milestone Asset Management
Pennsylvania
$239K +$235K +3,258 New
Vontobel Holding
527
Vontobel Holding
Switzerland
$232K +$7.57K +105 +3%
PCA
528
Pallas Capital Advisors
Massachusetts
$227K +$200K +2,779 New
AUB
529
Atlantic Union Bankshares
Virginia
$227K -$2.59K -36 -1%
TFS
530
Thoroughbred Financial Services
Tennessee
$227K +$224K +3,102 New
FNBT
531
FineMark National Bank & Trust
Florida
$227K -$10.4K -145 -4%
DWA
532
Douglass Winthrop Advisors
New York
$226K – – –
LIM
533
Leavell Investment Management
Alabama
$225K +$221K +3,062 New
CA
534
Continuum Advisory
Idaho
$224K +$27K +374 +14%
Teacher Retirement System of Texas
535
Teacher Retirement System of Texas
Texas
$224K -$68.7K -953 -24%
GT
536
Glenview Trust
Kentucky
$222K -$17.2K -239 -7%
NP
537
NorthRock Partners
Minnesota
$221K +$217K +3,007 New
PA
538
Profund Advisors
Maryland
$220K -$46.6K -646 -18%
PCC
539
Park Circle Company
Maryland
$220K – – –
BTWM
540
Baker Tilly Wealth Management
Wisconsin
$217K +$9.37K +130 +5%
SBIA
541
Sheaff Brock Investment Advisors
Indiana
$214K -$12.9K -179 -6%
AFG
542
Atomi Financial Group
New York
$208K +$204K +2,832 New
AP
543
Americana Partners
Texas
$206K +$18.9K +262 +10%
KA
544
Klingman & Associates
New York
$204K – – –
AWM
545
Apollon Wealth Management
South Carolina
$203K +$200K +2,769 New
LBC
546
Lowe Brockenbrough & Co
Virginia
$202K – – –
TC
547
Torno Capital
Massachusetts
$183K +$180K +2,500 New
HI
548
Horizon Investments
North Carolina
$179K +$1.73K +24 +1%
FMP
549
Financial Management Professionals
Texas
$177K -$1.3K -18 -0.7%
Jones Financial Companies
550
Jones Financial Companies
Missouri
$169K +$145K +2,007 +669%
20 21
22
23 24

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.