CarMax
656 hedge funds and large institutions have $10.3B invested in CarMax in 2022 Q4 according to their latest regulatory filings, with 109 funds opening new positions, 236 increasing their positions, 217 reducing their positions, and 82 closing their positions.
33% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 82
24% more funds holding in top 10
Funds holding in top 10: 17 → 21 (+4)
3.94% more ownership
Funds ownership: 103.43% → 107.37% (+3.9%)
3% more funds holding
Funds holding: 640 → 656 (+16)
9% more repeat investments, than reductions
Existing positions increased: 236 | Existing positions reduced: 217
5% less capital invested
Capital invested by funds: $10.9B → $10.3B (-$547M)
29% less call options, than puts
Call options by funds: $294M | Put options by funds: $412M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$346M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$105M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$103M |
| 4 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$94.6M |
| 5 |
Renaissance Technologies
New York
|
+$48.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$311M |
| 2 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
-$132M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$85.5M |
| 4 |
JP Morgan Chase
New York
|
-$74.9M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
-$25.2M |
KMX Hedge Fund Activity: Q4 2022 in Review
656 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2022, worth a combined $10.3B — down 5% from $10.9B a quarter earlier.
Buyers outnumbered sellers: 109 funds opened new KMX positions and 82 closed out — a net gain of 27 holders — while 236 added to existing stakes and 217 trimmed.
The largest buyer was Diamond Hill Capital Management, opening a new position worth an estimated $346M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $311M.
- 656 institutional investors held CarMax (KMX) as of Q4 2022, up from 640 in Q3 2022.
- Funds reported $10.3B of CarMax stock for Q4 2022, down 5% quarter-over-quarter.
- 109 funds opened new CarMax positions in Q4 2022 and 82 closed out, a net change of +27 holders.
- The largest CarMax buyer in Q4 2022 was Diamond Hill Capital Management, an estimated $346M added.
- The largest CarMax seller in Q4 2022 was Manulife (Manufacturers Life Insurance), an estimated $311M sold.
Based on aggregated 13F filings for Q4 2022.