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CarMax
KMX

704 hedge funds and large institutions have $13.9B invested in CarMax in 2023 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 228 increasing their positions, 253 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 61

42% more funds holding in top 10

Funds holding in top 10: 19 → 27 (+8)

26% more capital invested

Capital invested by funds: $11B → $13.9B (+$2.87B)

5% more funds holding

Funds holding: 671 → 704 (+33)

10% less repeat investments, than reductions

Existing positions increased: 228 | Existing positions reduced: 253

3.49% less ownership

Funds ownership: 108.44% → 104.95% (-3.5%)

41% less call options, than puts

Call options by funds: $301M | Put options by funds: $509M

Holders
704
Holders Change
+33
Holders Change %
+4.92%
% of All Funds
11.05%
Holding in Top 10
27
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+42.11%
% of All Funds
0.42%
New
95
Increased
228
Reduced
253
Closed
61
Calls
$301M
Puts
$509M
Net Calls
-$208M
Net Calls Change
+$338M

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$86.1M
2
Corient Private Wealth
Corient Private Wealth
Florida
+$63.2M
3
Millennium Management
Millennium Management
New York
+$40.3M
4
Goldman Sachs
Goldman Sachs
New York
+$25.7M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$23.8M

Top Sellers

1
TCAM
Turtle Creek Asset Management
Ontario, Canada
-$56.7M
2
Two Sigma Investments
Two Sigma Investments
New York
-$46.3M
3
Invesco
Invesco
Georgia
-$45.5M
4
DCM
Dorsal Capital Management
California
-$45M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$44.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
LB
651
Legacy Bridge
Iowa
$8.12K – – –
EARNEST Partners
652
EARNEST Partners
Georgia
$7.53K – – –
SAG
653
Spotlight Asset Group
Illinois
$7.03K +$6.15K +84 New
BEI
654
Benjamin Edwards Inc
Missouri
$7K – – –
Kayne Anderson Rudnick Investment Management
655
Kayne Anderson Rudnick Investment Management
California
$6.53K – – –
AF
656
Advisornet Financial
Minnesota
$6.45K +$879 +12 +18%
JWA
657
JFS Wealth Advisors
Pennsylvania
$6.45K +$3.44K +47 +157%
NIC
658
Northwest Investment Counselors
Oregon
$5.27K – – –
PFG
659
Piershale Financial Group
Illinois
$5.19K – – –
CFO
660
CVA Family Office
Colorado
$5.02K +$732 +10 +20%
TSWM
661
Tyler-Stone Wealth Management
Ohio
$5K +$4.69K +64 New
CTA
662
Colonial Trust Advisors
South Carolina
$4.86K – – –
LSA
663
Leonteq Securities AG
Switzerland
$4.69K +$4.1K +56 New
ME
664
McIlrath & Eck
Washington
$4.44K – – –
WT
665
Whittier Trust
California
$4.18K -$1.46K -20 -29%
IPW
666
Impact Partnership Wealth
Georgia
$4.18K +$3.66K +50 New
SWA
667
Sutton Wealth Advisors
Florida
$3.93K -$439 -6 -11%
PWMG
668
Prestige Wealth Management Group
New Jersey
$3.77K – – –
NFSG
669
Newbridge Financial Services Group
Florida
$3.43K – – –
CFD
670
Creative Financial Designs
Indiana
$3.1K – – –
BAM
671
Bellevue Asset Management
Washington
$3.01K – – –
EA
672
Evolution Advisers
Virginia
$3K – – –
CWA
673
Carolina Wealth Advisors
South Carolina
$2.76K – – –
SA
674
SRH Advisors
Kansas
$2.19K – – –
CA
675
Crewe Advisors
Utah
$2.18K – – –
25 26
27
28 29

KMX Hedge Fund Activity: Q2 2023 in Review

704 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2023, worth a combined $13.9B — up 26% from $11B a quarter earlier.

Buyers outnumbered sellers: 95 funds opened new KMX positions and 61 closed out — a net gain of 34 holders — while 228 added to existing stakes and 253 trimmed.

The largest buyer was Norges Bank, adding an estimated $86.1M. The largest seller was Turtle Creek Asset Management, cutting an estimated $56.7M.

  • 704 institutional investors held CarMax (KMX) as of Q2 2023, up from 671 in Q1 2023.
  • Funds reported $13.9B of CarMax stock for Q2 2023, up 26% quarter-over-quarter.
  • 95 funds opened new CarMax positions in Q2 2023 and 61 closed out, a net change of +34 holders.
  • The largest CarMax buyer in Q2 2023 was Norges Bank, an estimated $86.1M added.
  • The largest CarMax seller in Q2 2023 was Turtle Creek Asset Management, an estimated $56.7M sold.

Based on aggregated 13F filings for Q2 2023.