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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
WM
151
WS Management
Florida
$6.43M
Russell Investments Group
152
Russell Investments Group
United Kingdom
$6.21M -$213K -3,185 -3%
State of New Jersey Common Pension Fund D
153
State of New Jersey Common Pension Fund D
New Jersey
$6.07M
Osaic Holdings
154
Osaic Holdings
Arizona
$6.07M +$677K +10,114 +12%
Mitsubishi UFJ Trust & Banking
155
Mitsubishi UFJ Trust & Banking
Japan
$6.04M +$26K +388 +0.4%
Grantham, Mayo, Van Otterloo & Co (GMO)
156
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$6M +$806K +12,041 +15%
Chevy Chase Trust
157
Chevy Chase Trust
Maryland
$5.9M +$25.1K +375 +0.4%
CAN
158
Cetera Advisor Networks
California
$5.85M +$182K +2,722 +3%
NIM
159
Needham Investment Management
New York
$5.72M -$669K -10,000 -10%
TRSOTSOK
160
Teachers Retirement System of the State of Kentucky
Kentucky
$5.69M +$181K +2,703 +3%
BCC
161
Biglari Capital Corp
Texas
$5.67M
VOYA Investment Management
162
VOYA Investment Management
Georgia
$5.65M +$336K +5,020 +6%
Nisa Investment Advisors
163
Nisa Investment Advisors
Missouri
$5.62M +$234K +3,490 +4%
WBC
164
Westpac Banking Corp
Australia
$5.61M -$643K -9,603 -10%
KBC Group
165
KBC Group
Belgium
$5.58M +$4.3M +64,218 +285%
HF
166
HRT Financial
New York
$5.5M +$3.99M +59,649 +231%
AAF
167
Andra AP-fonden
Sweden
$5.46M -$2.16M -32,300 -28%
QC
168
Quadrature Capital
United Kingdom
$5.24M +$3.96M +59,113 +265%
LRIC
169
Long Road Investment Counsel
Michigan
$5.08M +$13.4K +200 +0.3%
HBWM
170
Hollow Brook Wealth Management
New York
$5.05M -$1.34M -20,000 -20%
Ohio Public Employees Retirement System (OPERS)
171
Ohio Public Employees Retirement System (OPERS)
Ohio
$5.05M -$163K -2,438 -3%
PAMS
172
Pictet Asset Management (Switzerland)
Switzerland
$4.85M +$17.8K +266 +0.4%
Toronto Dominion Bank
173
Toronto Dominion Bank
Ontario, Canada
$4.82M -$38.1K -569 -0.8%
Qube Research & Technologies (QRT)
174
Qube Research & Technologies (QRT)
United Kingdom
$4.75M +$2.56M +38,293 +108%
HIC
175
Harvey Investment Company
Kentucky
$4.71M +$255K +3,815 +5%

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.