CarMax
707 hedge funds and large institutions have $12.4B invested in CarMax in 2024 Q2 according to their latest regulatory filings, with 76 funds opening new positions, 304 increasing their positions, 214 reducing their positions, and 74 closing their positions.
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
3% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 74
0.56% less ownership
Funds ownership: 108.94% → 108.38% (-0.56%)
1% less funds holding
Funds holding: 716 → 707 (-9)
20% less capital inflows, than outflows
Capital inflows: $1.04B | Capital outflows: $1.29B
21% less funds holding in top 10
Funds holding in top 10: 28 → 22 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vulcan Value Partners
Birmingham,
Alabama
|
+$98.7M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$71.7M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$50.1M |
| 4 |
Two Sigma Advisers
New York
|
+$47.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$41.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
-$248M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$243M |
| 3 |
Timucuan Asset Management
Jacksonville,
Florida
|
-$135M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$89.2M |
| 5 |
Anomaly Capital Management
New York
|
-$66.3M |
KMX Hedge Fund Activity: Q2 2024 in Review
707 of the 6,943 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.
Buyers outnumbered sellers: 76 funds opened new KMX positions and 74 closed out — a net gain of 2 holders — while 304 added to existing stakes and 214 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $98.7M. The largest seller was Holocene Advisors, cutting an estimated $248M.
- 707 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.
- 76 funds opened new CarMax positions in Q2 2024 and 74 closed out, a net change of +2 holders.
- 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.