CarMax
704 hedge funds and large institutions have $13.1B invested in CarMax in 2023 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 232 increasing their positions, 276 reducing their positions, and 64 closing their positions.
47% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 64
11% more capital invested
Capital invested by funds: $11.9B → $13.1B (+$1.26B)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
3% more funds holding
Funds holding: 682 → 704 (+22)
2.3% more ownership
Funds ownership: 105.82% → 108.12% (+2.3%)
16% less repeat investments, than reductions
Existing positions increased: 232 | Existing positions reduced: 276
28% less call options, than puts
Call options by funds: $306M | Put options by funds: $425M
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$142M |
| 2 |
MIS
Morningstar Investment Services
Chicago,
Illinois
|
+$89.2M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$77.4M |
| 4 |
Holocene Advisors
New York
|
+$47.9M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$40.2M |
Top Sellers
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$96.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$87.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$87.2M |
| 4 |
Goldman Sachs
New York
|
-$61.5M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$42.7M |
KMX Hedge Fund Activity: Q4 2023 in Review
704 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2023, worth a combined $13.1B — up 11% from $11.9B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new KMX positions and 64 closed out — a net gain of 30 holders — while 232 added to existing stakes and 276 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $142M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $96.7M.
- 704 institutional investors held CarMax (KMX) as of Q4 2023, up from 682 in Q3 2023.
- Funds reported $13.1B of CarMax stock for Q4 2023, up 11% quarter-over-quarter.
- 94 funds opened new CarMax positions in Q4 2023 and 64 closed out, a net change of +30 holders.
- The largest CarMax buyer in Q4 2023 was Morgan Stanley, an estimated $142M added.
- The largest CarMax seller in Q4 2023 was Ruane, Cunniff & Goldfarb, an estimated $96.7M sold.
Based on aggregated 13F filings for Q4 2023.