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CarMax
KMX

704 hedge funds and large institutions have $12.4B invested in CarMax in 2024 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 304 increasing their positions, 214 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 304 | Existing positions reduced: 214

16% more call options, than puts

Call options by funds: $295M | Put options by funds: $253M

0.57% less ownership

Funds ownership: 108.94% → 108.37% (-0.57%)

1% less first-time investments, than exits

New positions opened: 74 | Existing positions closed: 75

2% less funds holding

Funds holding: 716 → 704 (-12)

17% less capital invested

Capital invested by funds: $15B → $12.4B (-$2.55B)

21% less funds holding in top 10

Funds holding in top 10: 28 → 22 (-6)

Holders
704
Holders Change
-12
Holders Change %
-1.68%
% of All Funds
10.17%
Holding in Top 10
22
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-21.43%
% of All Funds
0.32%
New
74
Increased
304
Reduced
214
Closed
75
Calls
$295M
Puts
$253M
Net Calls
+$41.8M
Net Calls Change
+$115M

Top Buyers

1
VVP
Vulcan Value Partners
Alabama
+$98.7M
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$71.7M
3
Norges Bank
Norges Bank
Norway
+$50.1M
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$47.8M
5
Citadel Advisors
Citadel Advisors
Florida
+$41.9M

Top Sellers

1
Holocene Advisors
Holocene Advisors
New York
-$248M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$243M
3
TAM
Timucuan Asset Management
Florida
-$135M
4
Principal Financial Group
Principal Financial Group
Iowa
-$89.2M
5
ACM
Anomaly Capital Management
New York
-$66.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
MSV
176
MN Services Vermogensbeheer
Netherlands
$4.57M -$115K -1,600 -3%
GF
177
Gabelli Funds
New York
$4.53M +$195K +2,700 +5%
State of New Jersey Common Pension Fund D
178
State of New Jersey Common Pension Fund D
New Jersey
$4.48M -$2.11M -29,236 -32%
DB
179
Danske Bank
Denmark
$4.44M -$274K -3,800 -6%
Ohio Public Employees Retirement System (OPERS)
180
Ohio Public Employees Retirement System (OPERS)
Ohio
$4.4M -$37.6K -522 -0.9%
Fidelity Investments
181
Fidelity Investments
Massachusetts
$4.36M +$571K +7,926 +15%
Asset Management One
182
Asset Management One
Japan
$4.34M +$114K +1,582 +3%
IPW
183
Inlet Private Wealth
Florida
$4.3M -$43.2K -600 -1%
Ensign Peak Advisors
184
Ensign Peak Advisors
Utah
$4.25M +$263K +3,650 +7%
TSS
185
Two Sigma Securities
New York
$4.24M +$662K +9,182 +19%
TCCM
186
Timber Creek Capital Management
Massachusetts
$4.23M +$139K +1,924 +3%
SPIA
187
Steward Partners Investment Advisory
New York
$4.21M +$769K +10,678 +23%
ECM
188
Elgethun Capital Management
South Dakota
$4.19M -$166K -2,298 -4%
AOWM
189
Alpha Omega Wealth Management
Virginia
$4.19M -$77.4K -1,074 -2%
BGI
190
BlueDrive Global Investors
United Kingdom
$4.16M +$472K +6,553 +13%
RAM
191
Redmond Asset Management
Virginia
$4.03M -$134K -1,862 -3%
Luther King Capital Management (LKCM)
192
Luther King Capital Management (LKCM)
Texas
$3.99M -$132K -1,831 -3%
JF
193
Jump Financial
Illinois
$3.83M +$3.32M +46,077 +748%
Victory Capital Management
194
Victory Capital Management
Texas
$3.81M +$4.68K +65 +0.1%
AMAL
195
Asset Management Advisors LLC
Oklahoma
$3.81M +$39.4K +547 +1%
AB
196
Amalgamated Bank
New York
$3.76M -$232K -3,225 -6%
VCM
197
Vision Capital Management
Oregon
$3.7M -$30.5K -423 -0.8%
BBVA
198
Banco Bilbao Vizcaya Argentaria
Spain
$3.59M +$282K +3,912 +9%
RAM
199
Resona Asset Management
Japan
$3.59M -$343K -4,759 -9%
Walleye Trading
200
Walleye Trading
New York
$3.56M +$2.51M +34,841 +253%
6 7
8
9 10

KMX Hedge Fund Activity: Q2 2024 in Review

704 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q2 2024, worth a combined $12.4B — down 17% from $15B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of KMX and 74 opened new positions — a net loss of 1 holder — while 214 trimmed existing stakes and 304 added.

The largest buyer was Vulcan Value Partners, adding an estimated $98.7M. The largest seller was Holocene Advisors, cutting an estimated $248M.

  • 704 institutional investors held CarMax (KMX) as of Q2 2024, down from 716 in Q1 2024.
  • Funds reported $12.4B of CarMax stock for Q2 2024, down 17% quarter-over-quarter.
  • 74 funds opened new CarMax positions in Q2 2024 and 75 closed out, a net change of -1 holder.
  • The largest CarMax buyer in Q2 2024 was Vulcan Value Partners, an estimated $98.7M added.
  • The largest CarMax seller in Q2 2024 was Holocene Advisors, an estimated $248M sold.

Based on aggregated 13F filings for Q2 2024.