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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
PAM
551
Paradigm Asset Management
New York
$161K +$123K +1,700 +343%
VI
552
Vestcor Inc
New Brunswick, Canada
$158K – – –
ST
553
Smithfield Trust
Pennsylvania
$155K – – –
CFGS
554
Concourse Financial Group Securities
Alabama
$149K +$14.2K +197 +11%
HNB
555
Hilltop National Bank
Wyoming
$144K +$15.9K +221 +13%
OAM
556
Ostrum Asset Management
France
$142K -$10.9K -151 -7%
MG
557
Mather Group
Illinois
$140K +$1.3K +18 +1%
AAM
558
Advisors Asset Management
Colorado
$133K -$462K -6,410 -78%
CYG
559
Clean Yield Group
Vermont
$132K +$2.67K +37 +2%
AIP
560
Ameritas Investment Partners
Nebraska
$130K -$8.36K -116 -6%
HNB
561
Huntington National Bank
Ohio
$128K +$22.6K +314 +22%
Acadian Asset Management
562
Acadian Asset Management
Massachusetts
$127K +$126K +1,745 New
BBHC
563
Brown Brothers Harriman & Co
New York
$124K – – –
MME
564
Meag Munich Ergo
Germany
$120K -$2.97M -41,272 -96%
IA
565
IFP Advisors
Florida
$119K +$16.1K +223 +16%
PBK
566
Peoples Bank (Kansas)
Kansas
$108K +$9.73K +135 +10%
FRA
567
Front Row Advisors
California
$108K +$106K +1,477 New
EWA
568
EverSource Wealth Advisors
Alabama
$108K -$7.28K -101 -7%
SC
569
SouthState Corp
Florida
$104K – – –
AIM
570
Arcadia Investment Management
Michigan
$103K – – –
VAMG
571
Voisard Asset Management Group
Michigan
$101K – – –
S
572
SignatureFD
Georgia
$101K +$6.77K +94 +7%
CFB
573
Cullen/Frost Bankers
Texas
$100K +$97.4K +1,352 +8,450%
WT
574
Whittier Trust
California
$82.1K – – –
FFC
575
First Financial Corp
Indiana
$76.6K – – –
21 22
23
24 25

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.