CarMax
690 hedge funds and large institutions have $14.7B invested in CarMax in 2022 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 252 increasing their positions, 237 reducing their positions, and 71 closing their positions.
22% more funds holding in top 10
Funds holding in top 10: 18 → 22 (+4)
6% more repeat investments, than reductions
Existing positions increased: 252 | Existing positions reduced: 237
4% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 71
1% less funds holding
Funds holding: 695 → 690 (-5)
1.08% less ownership
Funds ownership: 102.2% → 101.12% (-1.1%)
8% less capital invested
Capital invested by funds: $16B → $14.7B (-$1.27B)
77% less call options, than puts
Call options by funds: $173M | Put options by funds: $743M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$136M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$92.6M |
| 3 |
Holocene Advisors
New York
|
+$80.5M |
| 4 |
JP Morgan Chase
New York
|
+$53.4M |
| 5 |
Morgan Stanley
New York
|
+$52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
-$199M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$196M |
| 3 |
TPI
Tesco Pension Investment
London,
United Kingdom
|
-$96.8M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$51.1M |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
-$46.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
751
Cutler Group
San Francisco,
California
| – | -$6.77K | -72 | Closed |
|
|
GAM
752
Gemmer Asset Management
Walnut Creek,
California
| – | -$6K | -72 | Closed |
|
|
BA
753
Bellwether Advisors
Lincoln,
Nebraska
| – | -$4K | -43 | Closed |
|
754
Lazard Asset Management
New York
| – | -$3K | -40 | Closed |
|
|
CI
755
Cordant Inc
Portland,
Oregon
| – | -$3K | -27 | Closed |
|
|
TFO
756
Tarbox Family Office
Newport Beach,
California
| – | -$3K | -26 | Closed |
|
|
AW
757
ACG Wealth
Atlanta,
Georgia
| – | +$94 | +1 | New |
|
|
HI
758
Harbour Investments
Madison,
Wisconsin
| – | +$188 | +2 | New |
|
|
WTC
759
WhitTier Trust Company
Reno,
Nevada
| – | +$282 | +3 | New |
|
KMX Hedge Fund Activity: Q2 2022 in Review
690 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2022, worth a combined $14.7B — down 8% from $16B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new KMX positions and 71 closed out — a net gain of 3 holders — while 252 added to existing stakes and 237 trimmed.
The largest buyer was First Pacific Advisors, opening a new position worth an estimated $136M. The largest seller was Caledonia Investments (Australia), cutting an estimated $199M.
- 690 institutional investors held CarMax (KMX) as of Q2 2022, down from 695 in Q1 2022.
- Funds reported $14.7B of CarMax stock for Q2 2022, down 8% quarter-over-quarter.
- 74 funds opened new CarMax positions in Q2 2022 and 71 closed out, a net change of +3 holders.
- The largest CarMax buyer in Q2 2022 was First Pacific Advisors, an estimated $136M added.
- The largest CarMax seller in Q2 2022 was Caledonia Investments (Australia), an estimated $199M sold.
Based on aggregated 13F filings for Q2 2022.