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
WCM
151
Wedge Capital Management
North Carolina
$6.9M
WM
152
WS Management
Florida
$6.75M
Cerity Partners
153
Cerity Partners
New York
$6.74M
BGIM
154
Brandywine Global Investment Management
Pennsylvania
$6.73M
PMG
155
ProVise Management Group
Florida
$6.67M
Amundi
156
Amundi
France
$6.51M
Wealth Enhancement Advisory Services
157
Wealth Enhancement Advisory Services
Minnesota
$6.24M
VOYA Investment Management
158
VOYA Investment Management
Georgia
$6.2M
Susquehanna International Group
159
Susquehanna International Group
Pennsylvania
$6.15M
DFCM
160
Dark Forest Capital Management
Puerto Rico
$5.99M
SPIA
161
Steward Partners Investment Advisory
New York
$5.8M
YIH
162
Y-Intercept (HK)
Hong Kong
$5.76M
KHCM
163
Kettle Hill Capital Management
New York
$5.76M
LOPW
164
Live Oak Private Wealth
North Carolina
$5.47M
Chevy Chase Trust
165
Chevy Chase Trust
Maryland
$5.41M
XT
166
XTX Topco
Cayman Islands
$5.37M
HCM
167
Hillman Capital Management
Maryland
$5.35M
VanEck Associates
168
VanEck Associates
New York
$5.32M
Neuberger Berman Group
169
Neuberger Berman Group
New York
$5.29M
Nisa Investment Advisors
170
Nisa Investment Advisors
Missouri
$5.27M
LRIC
171
Long Road Investment Counsel
Michigan
$5.25M
Mitsubishi UFJ Trust & Banking
172
Mitsubishi UFJ Trust & Banking
Japan
$5.19M
APG Asset Management
173
APG Asset Management
Netherlands
$5.05M
PS
174
Principal Securities
Iowa
$5.04M
Truist Financial
175
Truist Financial
North Carolina
$5M