CarMax
744 hedge funds and large institutions have $12.6B invested in CarMax in 2024 Q3 according to their latest regulatory filings, with 90 funds opening new positions, 241 increasing their positions, 287 reducing their positions, and 49 closing their positions.
84% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 49
5% more funds holding
Funds holding: 707 → 744 (+37)
5% more funds holding in top 10
Funds holding in top 10: 22 → 23 (+1)
3.01% less ownership
Funds ownership: 108.38% → 105.37% (-3%)
16% less repeat investments, than reductions
Existing positions increased: 241 | Existing positions reduced: 287
20% less call options, than puts
Call options by funds: $250M | Put options by funds: $312M
40% less capital inflows, than outflows
Capital inflows: $721M | Capital outflows: $1.21B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$135M |
| 2 |
Holocene Advisors
New York
|
+$66M |
| 3 |
Goldman Sachs
New York
|
+$66M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$34.5M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$29.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ruane, Cunniff & Goldfarb
New York
|
-$156M |
| 2 |
London Company of Virginia
Richmond,
Virginia
|
-$121M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$106M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$81.1M |
| 5 |
AKRE Capital Management
Middleburg,
Virginia
|
-$67.1M |
KMX Hedge Fund Activity: Q3 2024 in Review
744 of the 6,989 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q3 2024, worth a combined $12.6B — up 1.6% from $12.4B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new KMX positions and 49 closed out — a net gain of 41 holders — while 241 added to existing stakes and 287 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $135M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $156M.
- 744 institutional investors held CarMax (KMX) as of Q3 2024, up from 707 in Q2 2024.
- Funds reported $12.6B of CarMax stock for Q3 2024, up 1.6% quarter-over-quarter.
- 90 funds opened new CarMax positions in Q3 2024 and 49 closed out, a net change of +41 holders.
- The largest CarMax buyer in Q3 2024 was Fidelity Investments, an estimated $135M added.
- The largest CarMax seller in Q3 2024 was Ruane, Cunniff & Goldfarb, an estimated $156M sold.
Based on aggregated 13F filings for Q3 2024.