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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
CWC
626
Carolinas Wealth Consulting
North Carolina
$16.9K -$11.9K -165 -42%
SC
627
Stephens Consulting
Michigan
$15.4K – – –
CH
628
Cromwell Holdings
Wyoming
$15.2K +$14.9K +207 New
JWA
629
JFS Wealth Advisors
Pennsylvania
$15K +$8.29K +115 +128%
CTC
630
Central Trust Company
Missouri
$14.7K -$14.4K -200 -50%
CWM
631
CarsonAllaria Wealth Management
Illinois
$14.3K – – –
DFA
632
DHJJ Financial Advisors
Illinois
$13.9K – – –
EWM
633
Evermay Wealth Management
Virginia
$13.6K – – –
MCM
634
MidAtlantic Capital Management
Virginia
$13.6K – – –
SAM
635
Smartleaf Asset Management
Massachusetts
$12.9K +$3.24K +45 +34%
TWC
636
TD Waterhouse Canada
Ontario, Canada
$12.3K +$9.01K +125 +266%
GWSA
637
Global Wealth Strategies & Associates
Colorado
$11.7K – – –
GIA
638
GHP Investment Advisors
Colorado
$10.9K +$10.7K +148 New
BWL
639
Bogart Wealth LLC
Virginia
$10.6K – – –
GI
640
Gradient Investments
Minnesota
$10.3K +$10.1K +140 New
PWMG
641
Private Wealth Management Group
New Jersey
$9.61K – – –
NS
642
NBC Securities
Alabama
$9K – – –
OWA
643
Opal Wealth Advisors
New York
$8.65K +$8.5K +118 New
GBT
644
Grove Bank & Trust
Florida
$8.36K – – –
FMII
645
Farmers & Merchants Investments Inc
Nebraska
$7.99K – – –
HI
646
Harbour Investments
Wisconsin
$7.99K – – –
BGAI
647
Bruce G. Allen Investments
Colorado
$7.92K +$2.88K +40 +59%
IBOK
648
Independence Bank of Kentucky
Kentucky
$7.63K – – –
KFS
649
Kelly Financial Services
Massachusetts
$7.33K – – –
IWP
650
IAG Wealth Partners
Wisconsin
$6.6K – – –
24 25
26
27 28

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.