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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
PA
576
Parallel Advisors
California
$30.5K -$9.77K -146 -24%
FCA
577
FinTrust Capital Advisors
South Carolina
$30.4K
FFC
578
First Financial Corp
Indiana
$29.6K
PFBT
579
Parkside Financial Bank & Trust
Missouri
$29.4K -$3.81K -57 -11%
CI Investments Inc
580
CI Investments Inc
Ontario, Canada
$27K -$486K -7,255 -95%
CTC
581
Central Trust Company
Missouri
$25.7K
SIC
582
Salem Investment Counselors
North Carolina
$25.7K
LFG
583
Larson Financial Group
Missouri
$24.7K +$25.7K +384 New
ZB
584
Zions Bancorporation
Utah
$22.2K -$669 -10 -3%
CWC
585
Carolinas Wealth Consulting
North Carolina
$21.8K
DMBA
586
Deseret Mutual Benefit Administrators
Utah
$21.6K
AAS
587
Ameritas Advisory Services
Nebraska
$21.2K +$20.7K +309 New
WT
588
Washington Trust
Rhode Island
$20.7K -$18.2K -272 -46%
SSG
589
Summit Securities Group
New York
$20K -$321K -4,801 -94%
CT
590
Caldwell Trust
Florida
$19.3K
EWA
591
EverSource Wealth Advisors
Alabama
$19.1K +$1.21K +18 +6%
BAM
592
Belpointe Asset Management
Nevada
$17.9K -$402 -6 -2%
MCM
593
MV Capital Management
Maryland
$17K +$937 +14 +6%
MA
594
MCF Advisors
Kentucky
$16.1K
LS
595
Livforsakringsbolaget Skandia
Sweden
$15.4K
SC
596
Stephens Consulting
Michigan
$13.5K
MSFP
597
Mark Sheptoff Financial Planning
Connecticut
$12.9K
CHC
598
City Holding Co
West Virginia
$12.9K
GWS
599
Glassman Wealth Services
Virginia
$12.3K -$4.68K -70 -27%
EWM
600
Evermay Wealth Management
Virginia
$12K

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.