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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
CWA
201
CM Wealth Advisors
Ohio
$3.13M +$3.09M +46,157 New
BCI
202
Brinker Capital Investments
Pennsylvania
$3.04M +$515K +7,691 +19%
OPS
203
Orion Portfolio Solutions
Nebraska
$3.04M +$2.63M +39,332 +490%
Retirement Systems of Alabama
204
Retirement Systems of Alabama
Alabama
$3M -$262K -3,917 -8%
ASRS
205
Arizona State Retirement System
Arizona
$2.95M +$59.3K +886 +2%
American Century Companies
206
American Century Companies
Missouri
$2.95M +$1.55M +23,169 +101%
PFPT
207
Pinnacle Financial Partners (Tennessee)
Tennessee
$2.94M +$131K +1,955 +4%
TD Asset Management
208
TD Asset Management
Ontario, Canada
$2.85M +$218K +3,263 +8%
Jane Street
209
Jane Street
New York
$2.82M -$4.97M -74,274 -63%
VCM
210
Vision Capital Management
Oregon
$2.81M -$95.5K -1,427 -3%
SOMRS
211
State of Michigan Retirement System
Michigan
$2.79M +$26.8K +400 +0.9%
AIG
212
American International Group
New York
$2.76M +$7.9K +118 +0.3%
Cerity Partners
213
Cerity Partners
New York
$2.75M +$455K +6,803 New
SWM
214
Salvus Wealth Management
New Jersey
$2.68M +$134K +2,006 +5%
MIM
215
MetLife Investment Management
New Jersey
$2.67M -$32.5K -486 -1%
AB
216
Amalgamated Bank
New York
$2.67M -$5.09K -76 -0.2%
WCM Investment Management
217
WCM Investment Management
California
$2.66M +$23.1K +345 +0.8%
Aberdeen Group
218
Aberdeen Group
United Kingdom
$2.64M -$7.29K -109 -0.3%
Luther King Capital Management (LKCM)
219
Luther King Capital Management (LKCM)
Texas
$2.59M +$2.69M +40,228 New
Nomura Asset Management
220
Nomura Asset Management
Japan
$2.58M +$67.8K +1,013 +3%
SEI Investments
221
SEI Investments
Pennsylvania
$2.55M +$817K +12,213 +45%
TIM
222
Triad Investment Management
California
$2.55M +$168K +2,515 +7%
PFO
223
Pathstone Family Office
New Jersey
$2.51M -$2.67M -39,943 -51%
Victory Capital Management
224
Victory Capital Management
Texas
$2.44M -$3.14M -46,927 -55%
PCM
225
Penserra Capital Management
California
$2.43M +$2.47M +36,970 +4,503%

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.