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671 hedge funds and large institutions have $11B invested in CarMax in 2023 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 258 increasing their positions, 216 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 66

19% more repeat investments, than reductions

Existing positions increased: 258 | Existing positions reduced: 216

7% more capital invested

Capital invested by funds: $10.3B → $11B (+$695M)

2% more funds holding

Funds holding: 657671 (+14)

0.09% less ownership

Funds ownership: 108.53%108.44% (-0.09%)

10% less funds holding in top 10

Funds holding in top 10: 2119 (-2)

68% less call options, than puts

Call options by funds: $261M | Put options by funds: $807M

Holders
671
Holders Change
+14
Holders Change %
+2.13%
% of All Funds
10.69%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.3%
New
93
Increased
258
Reduced
216
Closed
66
Calls
$261M
Puts
$807M
Net Calls
-$547M
Net Calls Change
-$429M
Name Holding Trade Value Shares
Change
Change in
Stake
NC
126
Nicholas Company
Wisconsin
$9.03M
Fidelity Investments
127
Fidelity Investments
Massachusetts
$8.89M +$3.23M +48,327 +54%
Canada Life
128
Canada Life
Manitoba, Canada
$8.78M +$7.43K +111 +0.1%
Pacer Advisors
129
Pacer Advisors
Pennsylvania
$8.72M +$8.39M +125,293 +1,208%
First Manhattan
130
First Manhattan
New York
$8.65M -$374K -5,587 -4%
DCM
131
Dupont Capital Management
Delaware
$8.55M +$728K +10,881 +9%
FFA
132
First Foundation Advisors
California
$8.44M -$984K -14,705 -10%
BCM
133
Banyan Capital Management
Georgia
$8.25M +$2.94M +43,948 +52%
Fuller & Thaler Asset Management
134
Fuller & Thaler Asset Management
California
$8.16M +$961K +14,365 +13%
MPWT
135
MassMutual Private Wealth & Trust
Connecticut
$7.81M +$777K +11,612 +11%
Mitsubishi UFJ Asset Management
136
Mitsubishi UFJ Asset Management
Japan
$7.61M +$18.8K +281 +0.2%
PNC Financial Services Group
137
PNC Financial Services Group
Pennsylvania
$7.61M +$1.17M +17,521 +17%
LWIC
138
Leith Wheeler Investment Counsel
British Columbia, Canada
$7.26M +$56.9K +850 +0.8%
Natixis Advisors
139
Natixis Advisors
Massachusetts
$7.23M -$89.1K -1,332 -1%
CC
140
Cannell & Co
New York
$7.19M -$319K -4,770 -4%
Balyasny Asset Management
141
Balyasny Asset Management
Illinois
$7.09M +$7.38M +110,339 New
Citigroup
142
Citigroup
New York
$7.06M +$1.13M +16,915 +18%
State of Wisconsin Investment Board
143
State of Wisconsin Investment Board
Wisconsin
$7.01M +$1.7M +25,335 +30%
Man Group
144
Man Group
United Kingdom
$6.99M -$256K -3,832 Closed
YCM
145
Yost Capital Management
Texas
$6.69M +$6.96M +104,000 New
DC
146
Davenport & Co
Virginia
$6.64M -$45.6M -681,381 -87%
NC
147
Nixon Capital
Texas
$6.56M +$6.83M +102,007 New
GAM
148
Gotham Asset Management
New York
$6.55M +$3.83M +57,152 +128%
HFS
149
Hantz Financial Services
Michigan
$6.54M +$1.64M +24,435 +32%
LCM
150
Landscape Capital Management
New Jersey
$6.48M +$6.74M +100,747 New

KMX Hedge Fund Activity: Q1 2023 in Review

671 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q1 2023, worth a combined $11B — up 6.7% from $10.3B a quarter earlier.

Buyers outnumbered sellers: 93 funds opened new KMX positions and 66 closed out — a net gain of 27 holders — while 258 added to existing stakes and 216 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $53.8M. The largest seller was Capital Research Global Investors, cutting an estimated $163M.

  • 671 institutional investors held CarMax (KMX) as of Q1 2023, up from 657 in Q4 2022.
  • Funds reported $11B of CarMax stock for Q1 2023, up 6.7% quarter-over-quarter.
  • 93 funds opened new CarMax positions in Q1 2023 and 66 closed out, a net change of +27 holders.
  • The largest CarMax buyer in Q1 2023 was Goldman Sachs, an estimated $53.8M added.
  • The largest CarMax seller in Q1 2023 was Capital Research Global Investors, an estimated $163M sold.

Based on aggregated 13F filings for Q1 2023.