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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
SAG
651
Spotlight Asset Group
Illinois
$6.16K – – –
BEI
652
Benjamin Edwards Inc
Missouri
$6K – – –
TFF
653
The Family Firm
Maryland
$5.72K +$5.62K +78 New
LSA
654
Leonteq Securities AG
Switzerland
$5.43K +$3.24K +45 +155%
CA
655
Crewe Advisors
Utah
$5.21K – – –
LIA
656
Lynx Investment Advisory
District of Columbia
$5.13K +$5.04K +70 New
GKIM
657
GW&K Investment Management
Massachusetts
$5K +$2.59K +36 +124%
TSWM
658
Tyler-Stone Wealth Management
Ohio
$4.69K – – –
VNA
659
Valley National Advisers
Pennsylvania
$4K -$360 -5 -7%
FW
660
Fairway Wealth
Ohio
$3.96K +$3.89K +54 New
ME
661
McIlrath & Eck
Washington
$3.89K – – –
BWP
662
Baldwin Wealth Partners
Massachusetts
$3.45K +$3.39K +47 New
PWMG
663
Prestige Wealth Management Group
New Jersey
$3.3K – – –
RCM
664
Raleigh Capital Management
North Carolina
$3.3K +$1.8K +25 +125%
S
665
Sachetta
Massachusetts
$3.21K +$1.15K +16 +73%
OC
666
Oakworth Capital
Alabama
$3.15K – – –
QC
667
Quent Capital
New York
$3.08K +$1.51K +21 +100%
TWP
668
Triad Wealth Partners
Kansas
$3.08K +$3.03K +42 New
EA
669
Evolution Advisers
Virginia
$3K – – –
RWA
670
Redmont Wealth Advisors
Illinois
$2.93K – – –
PGAM
671
Princeton Global Asset Management
New Jersey
$2.86K +$2.81K +39 New
CFD
672
Creative Financial Designs
Indiana
$2.71K -$4.76K -66 -64%
BAM
673
Bellevue Asset Management
Washington
$2.64K – – –
AA
674
Ancora Advisors
Ohio
$2.57K -$865 -12 -26%
VAG
675
VisionPoint Advisory Group
Texas
$2.57K -$216 -3 -8%
25 26
27
28 29

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.