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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
Wells Fargo
51
Wells Fargo
California
$51M -$2.27M -31,538 -4%
Ameriprise
52
Ameriprise
Minnesota
$50.7M -$11.6M -160,672 -19%
BRIM
53
Broad Run Investment Management
Virginia
$50.3M -$1.68M -23,336 -3%
Squarepoint
54
Squarepoint
New York
$47.5M +$39.2M +543,802 +522%
KP
55
Kiltearn Partners
United Kingdom
$46.4M -$7.11M -98,700 -13%
William Blair & Company
56
William Blair & Company
Illinois
$45.4M -$12.1M -168,091 -21%
CCM
57
Check Capital Management
California
$45.2M +$323K +4,482 +0.7%
Man Group
58
Man Group
United Kingdom
$43.3M +$17M +236,032 +67%
EIP
59
Epoch Investment Partners
New York
$42.4M -$1.28M -17,799 -3%
FAM
60
Fenimore Asset Management
New York
$41.9M -$780K -10,822 -2%
SHCM
61
Silver Heights Capital Management
Ontario, Canada
$41.7M +$7.84M +108,779 +24%
Natixis Advisors
62
Natixis Advisors
Massachusetts
$41.3M +$21.3M +295,271 +110%
JP Morgan Chase
63
JP Morgan Chase
New York
$39.6M +$6.55M +90,959 +20%
Connor, Clark & Lunn Investment Management (CC&L)
64
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$38.7M -$13.3M -185,106 -26%
AQR Capital Management
65
AQR Capital Management
Connecticut
$35.9M +$24M +332,574 +213%
Deutsche Bank
66
Deutsche Bank
Germany
$35.5M +$1.58M +21,920 +5%
N
67
Nuveen
North Carolina
$34.6M -$3.35M -46,462 -9%
RCM
68
Rings Capital Management
Illinois
$34.5M +$721K +10,000 +2%
Swiss National Bank
69
Swiss National Bank
Switzerland
$34.2M -$497K -6,900 -1%
MC
70
MIG Capital
California
$34M +$33.4M +463,225 New
VIM
71
Vancity Investment Management
British Columbia, Canada
$32.8M +$16.4M +226,905 +95%
SBCM
72
Schwerin Boyle Capital Management
Massachusetts
$32.6M – – –
NIM
73
Nexus Investment Management
Ontario, Canada
$27.4M +$1.66M +23,037 +7%
Barclays
74
Barclays
United Kingdom
$26.2M -$4.89M -67,891 -16%
Sumitomo Mitsui Trust Group
75
Sumitomo Mitsui Trust Group
Japan
$25M -$2.11M -29,266 -8%
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3
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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.