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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
S
551
SignatureFD
Georgia
$69.6K -$13.5K -201 -16%
SIM
552
Sentry Investment Management
Wisconsin
$69K +$42.7K +638 +148%
TWM
553
Tradition Wealth Management
Minnesota
$67K
HIA
554
Harbor Investment Advisory
Maryland
$64.4K -$2.88K -43 -4%
AT
555
Avalon Trust
New Mexico
$64.3K +$66.9K +1,000 New
WWP
556
WR Wealth Planners
Missouri
$63.6K +$66.3K +990 New
QCG
557
Quadrant Capital Group
Ohio
$61K +$1.14K +17 +2%
WTC
558
WhitTier Trust Company
Nevada
$55.1K
BCWM
559
Bartlett & Co Wealth Management
Ohio
$54.3K
BC
560
Bartlett & Co
Ohio
$54K
HCM
561
Hollencrest Capital Management
California
$50.1K -$803 -12 -2%
SPIA
562
Steward Partners Investment Advisory
New York
$45.4K -$48.3K -722 -51%
DGAM
563
Desjardins Global Asset Management
Quebec, Canada
$45K +$46.6K +697 New
AA
564
Alta Advisers
United Kingdom
$45K
EWP
565
Elevation Wealth Partners
California
$45K +$46.8K +700 New
PTC
566
Private Trust Company
Ohio
$43.6K
BAAM
567
Baker Avenue Asset Management
California
$39.8K -$937 -14 -2%
MHR
568
Matthew Hamilton Rosenberg
$38.7K
LC
569
Lindbrook Capital
California
$36.3K +$13.5K +201 +55%
Federated Hermes
570
Federated Hermes
Pennsylvania
$34.4K +$35.8K +535 New
VF
571
VitalStone Financial
Texas
$33K +$16.9K +252 New
SWM
572
Sugarloaf Wealth Management
Georgia
$32.1K
PAM
573
Paradigm Asset Management
New York
$31.8K
HNB
574
Huntington National Bank
Ohio
$31.7K +$7.43K +111 +29%
BCM
575
Blume Capital Management
California
$31.4K +$32.7K +488 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.