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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
FFA
601
Farther Finance Advisors
California
$34K +$13.6K +189 +65%
AW
602
Avion Wealth
Texas
$34K +$1.01K +14 +3%
BCM
603
Blume Capital Management
California
$31.9K – – –
QL
604
Quarry LP
New York
$30.7K +$13.3K +184 +79%
AF
605
Allworth Financial
California
$30.1K +$2.52K +35 +10%
SIC
606
Salem Investment Counselors
North Carolina
$29.3K – – –
FCT
607
First Community Trust
Iowa
$28.9K +$28.4K +394 New
LFG
608
Larson Financial Group
Missouri
$28.2K – – –
CAL
609
Capital Advisors Ltd
Ohio
$27K +$793 +11 +3%
DMBA
610
Deseret Mutual Benefit Administrators
Utah
$26.3K – – –
GXJ
611
Global X Japan
Japan
$25K -$5.69K -79 -19%
FPF
612
First Pacific Financial
Washington
$23.8K – – –
ZB
613
Zions Bancorporation
Utah
$22.7K – – –
CT
614
Caldwell Trust
Florida
$22K – – –
SSB
615
Sandy Spring Bank
Maryland
$21.6K – – –
CI Investments Inc
616
CI Investments Inc
Ontario, Canada
$21K -$1.37K -19 -6%
MCM
617
MV Capital Management
Maryland
$20K +$865 +12 +5%
SL
618
Salomon & Ludwin
Virginia
$19.7K -$19K -263 -49%
MAM
619
Meeder Asset Management
Ohio
$19.5K -$55.6K -771 -74%
MA
620
MCF Advisors
Kentucky
$19.3K +$721 +10 +4%
TSMHT
621
Thurston Springer Miller Herd & Titak
Indiana
$19.1K +$18.8K +261 New
EFP
622
EnRich Financial Partners
Wisconsin
$18K -$1.3K -18 -7%
LS
623
Livforsakringsbolaget Skandia
Sweden
$17.5K – – –
RIL
624
Rothschild Investment LLC
Illinois
$17K +$7.35K +102 +78%
C
625
Covestor
United Kingdom
$17K +$4.9K +68 +41%
23 24
25
26 27

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.