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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
BEI
626
Benjamin Edwards Inc
Missouri
$5K -$1.07K -16 -17%
WPA
627
West Paces Advisors
Georgia
$4.82K
TCOV
628
Trust Company of Vermont
Vermont
$4.5K +$4.68K +70 New
WT
629
Whittier Trust
California
$4.5K +$1.34K +20 +40%
AF
630
Advisornet Financial
Minnesota
$4.18K +$2.74K +41 +171%
NIC
631
Northwest Investment Counselors
Oregon
$4.05K
CAL
632
Capital Advisors Ltd
Ohio
$4K -$19.9K -297 -81%
PFG
633
Piershale Financial Group
Illinois
$3.98K
CTA
634
Colonial Trust Advisors
South Carolina
$3.73K -$736 -11 -16%
SC
635
Schubert & Co
Texas
$3.6K +$2.34K +35 +167%
SWA
636
Sutton Wealth Advisors
Florida
$3.41K +$67 +1 +2%
ME
637
McIlrath & Eck
Washington
$3.41K +$3.55K +53 New
CFO
638
CVA Family Office
Colorado
$3.21K -$3.68K -55 -52%
BWA
639
BDO Wealth Advisors
Florida
$3.21K +$3.35K +50 New
BCMLT
640
Beacon Capital Management LLC (Tennessee)
Tennessee
$3.02K
PWMG
641
Prestige Wealth Management Group
New Jersey
$2.89K +$535 +8 +22%
NFSG
642
Newbridge Financial Services Group
Florida
$2.63K
CFD
643
Creative Financial Designs
Indiana
$2.38K
BAM
644
Bellevue Asset Management
Washington
$2.31K
Commonwealth Equity Services
645
Commonwealth Equity Services
Massachusetts
$2.31K +$706K +10,545 +41%
CWA
646
Carolina Wealth Advisors
South Carolina
$2.12K
EA
647
Evolution Advisers
Virginia
$2K
SA
648
SRH Advisors
Kansas
$2K
JWA
649
JFS Wealth Advisors
Pennsylvania
$1.93K -$2.14K -32 -52%
SIC
650
SJS Investment Consulting
Ohio
$1.67K +$201 +3 +13%

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.