726 hedge funds and large institutions have $10.8B invested in CarMax in 2025 Q2 according to their latest regulatory filings, with 104 funds opening new positions, 260 increasing their positions, 274 reducing their positions, and 116 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more ownership

Funds ownership:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

less funds holding

Funds holding:

10% less first-time investments, than exits

New positions opened: 104 | Existing positions closed: 116

12% less capital invested

Capital invested by funds: $12.2B → $10.8B (-$1.45B)

41% less funds holding in top 10

Funds holding in top 10: 2213 (-9)

Holders
726
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
13
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$184M
Puts
$108M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GIM
126
Glenmede Investment Management
Pennsylvania
$9.77M
NC
127
Nixon Capital
Texas
$9.58M
GAM
128
Gotham Asset Management
New York
$9.53M
BCM
129
Banyan Capital Management
Georgia
$9.46M
SEI Investments
130
SEI Investments
Pennsylvania
$9.43M
AG
131
Algert Global
California
$9.42M
MG
132
Markel Group
Virginia
$9.17M
SSA
133
Schonfeld Strategic Advisors
New York
$9.13M
NIM
134
Needham Investment Management
New York
$8.91M
MAMU
135
Marathon Asset Management (UK)
United Kingdom
$8.87M
Fuller & Thaler Asset Management
136
Fuller & Thaler Asset Management
California
$8.84M
VIM
137
Vancity Investment Management
British Columbia, Canada
$8.8M
Twin Tree Management
138
Twin Tree Management
Texas
$8.7M
Baillie Gifford & Co
139
Baillie Gifford & Co
United Kingdom
$8.5M
BCC
140
Biglari Capital Corp
Texas
$8.43M
New York State Teachers Retirement System (NYSTRS)
141
New York State Teachers Retirement System (NYSTRS)
New York
$8.3M
QCM
142
Quantinno Capital Management
New York
$8.24M
GF
143
Gabelli Funds
New York
$8M
Aberdeen Group
144
Aberdeen Group
United Kingdom
$7.74M
KCM
145
Kornitzer Capital Management
Kansas
$7.34M
Carson Wealth (CWM LLC)
146
Carson Wealth (CWM LLC)
Nebraska
$7.31M
WIA
147
World Investment Advisors
California
$7.3M
National Bank of Canada
148
National Bank of Canada
Quebec, Canada
$7.18M
LWIC
149
Leith Wheeler Investment Counsel
British Columbia, Canada
$7.05M
SG Americas Securities
150
SG Americas Securities
New York
$6.93M