CarMax
553 hedge funds and large institutions have $7.79B invested in CarMax in 2026 Q2 according to their latest regulatory filings, with 92 funds opening new positions, 132 increasing their positions, 256 reducing their positions, and 79 closing their positions.
23% more capital invested
Capital invested by funds: $6.36B → $7.79B (+$1.43B)
16% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 79
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
7% more call options, than puts
Call options by funds: $179M | Put options by funds: $167M
1% more funds holding
Funds holding: 549 → 553 (+4)
4.14% less ownership
Funds ownership: 107.98% → 103.84% (-4.1%)
48% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 256
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$123M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$83M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$80.9M |
| 4 |
SPC
Slate Path Capital
New York
|
+$79.5M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$41.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$150M |
| 2 |
SV
Starboard Value
New York
|
-$130M |
| 3 |
AMH
Apollo Management Holdings
New York
|
-$93.9M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$56.2M |
| 5 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$48.6M |
KMX Hedge Fund Activity: Q2 2026 in Review
553 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2026, worth a combined $7.79B — up 23% from $6.36B a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new KMX positions and 79 closed out — a net gain of 13 holders — while 132 added to existing stakes and 256 trimmed.
The largest buyer was Hawk Ridge Capital Management, opening a new position worth an estimated $123M. The largest seller was AQR Capital Management, cutting an estimated $150M.
- 553 institutional investors held CarMax (KMX) as of Q2 2026, up from 549 in Q1 2026.
- Funds reported $7.79B of CarMax stock for Q2 2026, up 23% quarter-over-quarter.
- 92 funds opened new CarMax positions in Q2 2026 and 79 closed out, a net change of +13 holders.
- The largest CarMax buyer in Q2 2026 was Hawk Ridge Capital Management, an estimated $123M added.
- The largest CarMax seller in Q2 2026 was AQR Capital Management, an estimated $150M sold.
Based on aggregated 13F filings for Q2 2026.