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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
CP
576
Castleview Partners
Texas
$74.5K -$81.6K -1,132 -53%
SS
577
Sunbelt Securities
Texas
$73.3K – – –
WWP
578
WR Wealth Planners
Missouri
$72.6K – – –
QCG
579
Quadrant Capital Group
Ohio
$69.7K -$504 -7 -0.7%
SFCL
580
Strengthening Families & Communities LLC
Massachusetts
$69K +$67.4K +935 New
SWM
581
Spire Wealth Management
Virginia
$68.6K -$32.7K -454 -33%
AAF
582
Andra AP-fonden
Sweden
$66K -$360K -5,000 -85%
MSG
583
Main Street Group
Virginia
$64.6K – – –
HIA
584
Harbor Investment Advisory
Maryland
$63.1K -$2.96K -41 -5%
BCWM
585
Bartlett & Co Wealth Management
Ohio
$62K – – –
HCM
586
Hollencrest Capital Management
California
$55.2K – – –
FDCP
587
Foster Dykema Cabot & Partners
Massachusetts
$55K +$54K +750 New
SIM
588
Sentry Investment Management
Wisconsin
$51K -$10.2K -141 -17%
LC
589
Lindbrook Capital
California
$46.4K -$216 -3 -0.5%
BTI
590
Blue Trust Inc
Georgia
$43.6K +$20.7K +287 +134%
PA
591
Parallel Advisors
California
$43.1K +$1.73K +24 +4%
CAS
592
Coppell Advisory Solutions
Texas
$40.6K +$39.9K +553 New
CJ
593
Caitlin John
Michigan
$38.4K -$3.46K -48 -8%
SIM
594
Studio Investment Management
Illinois
$38.4K +$24.1K +334 +177%
FHA
595
First Horizon Advisors
Tennessee
$38.2K +$1.15K +16 +3%
PTC
596
Private Trust Company
Ohio
$36.9K -$2.16K -30 -6%
SWM
597
Sugarloaf Wealth Management
Georgia
$36.7K – – –
PA
598
PSI Advisors
Florida
$34.5K -$2.88K -40 -8%
PFBT
599
Parkside Financial Bank & Trust
Missouri
$34.5K +$504 +7 +2%
CT
600
Clearstead Trust
Maine
$34.5K -$249K -3,455 -88%
22 23
24
25 26

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.