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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
AI
201
Atria Investments
North Carolina
$3.56M +$523K +7,262 +18%
Rockefeller Capital Management
202
Rockefeller Capital Management
New York
$3.47M +$2.18M +30,223 +177%
UCFA
203
United Capital Financial Advisors
Texas
$3.4M -$739K -10,251 -18%
State of Tennessee, Department of Treasury
204
State of Tennessee, Department of Treasury
Tennessee
$3.39M -$129K -1,786 -4%
TNA
205
True North Advisors
Texas
$3.38M +$1.16M +16,111 +54%
AG
206
Ascent Group
Virginia
$3.37M +$156K +2,165 +5%
Nomura Asset Management
207
Nomura Asset Management
Japan
$3.36M +$28.3K +393 +0.9%
Toronto Dominion Bank
208
Toronto Dominion Bank
Ontario, Canada
$3.36M -$88.4K -1,227 -3%
WWA
209
WCG Wealth Advisors
Nevada
$3.26M +$414K +5,740 +15%
National Bank of Canada
210
National Bank of Canada
Quebec, Canada
$3.23M +$583K +8,090 +22%
MC
211
Maverick Capital
Texas
$3.2M +$245K +3,405 +8%
BCM
212
Brasada Capital Management
Texas
$3.18M -$21.9K -304 -0.8%
NYLIM
213
New York Life Investment Management
New York
$3.18M +$137K +1,898 +5%
ECM
214
English Capital Management
Michigan
$3.18M – – –
ASRS
215
Arizona State Retirement System
Arizona
$3.17M -$14.6K -202 -0.5%
SOMRS
216
State of Michigan Retirement System
Michigan
$3.16M -$7.21K -100 -0.2%
MIM
217
MetLife Investment Management
New Jersey
$3.12M +$371K +5,145 +14%
PGCM
218
Prescott Group Capital Management
Oklahoma
$3.01M – – –
Cambridge Investment Research Advisors
219
Cambridge Investment Research Advisors
Iowa
$3M +$1.03M +14,230 +53%
CF
220
Corebridge Financial
Texas
$2.96M +$2.91M +40,346 New
BFS
221
Bard Financial Services
Connecticut
$2.96M +$79.3K +1,100 +3%
Susquehanna International Group
222
Susquehanna International Group
Pennsylvania
$2.92M -$1.74M -24,170 -38%
WCM Investment Management
223
WCM Investment Management
California
$2.87M +$3.82K +53 +0.1%
SFA
224
Semmax Financial Advisors
North Carolina
$2.79M +$489K +6,784 +23%
BCI
225
Brinker Capital Investments
Pennsylvania
$2.73M -$56.1K -779 -2%
7 8
9
10 11

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.