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CarMax
KMX

749 hedge funds and large institutions have $13.4B invested in CarMax in 2024 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 250 increasing their positions, 284 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 75

22% more call options, than puts

Call options by funds: $198M | Put options by funds: $162M

6% more capital invested

Capital invested by funds: $12.6B → $13.4B (+$733M)

4% more funds holding in top 10

Funds holding in top 10: 23 → 24 (+1)

1% more funds holding

Funds holding: 740 → 749 (+9)

1.57% less ownership

Funds ownership: 105.36% → 103.79% (-1.6%)

12% less repeat investments, than reductions

Existing positions increased: 250 | Existing positions reduced: 284

Holders
749
Holders Change
+9
Holders Change %
+1.22%
% of All Funds
9.87%
Holding in Top 10
24
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+4.35%
% of All Funds
0.32%
New
97
Increased
250
Reduced
284
Closed
75
Calls
$198M
Puts
$162M
Net Calls
+$35.2M
Net Calls Change
+$97.3M

Top Buyers

1
Holocene Advisors
Holocene Advisors
New York
+$149M
2
UBS Group
UBS Group
Switzerland
+$144M
3
Norges Bank
Norges Bank
Norway
+$94.4M
4
BlackRock
BlackRock
New York
+$64.7M
5
AQR Capital Management
AQR Capital Management
Connecticut
+$49.8M

Top Sellers

1
RCG
Ruane, Cunniff & Goldfarb
New York
-$141M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$133M
3
MIS
Morningstar Investment Services
Illinois
-$118M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$70.7M
5
SL
Summitry LLC
California
-$61.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.49B +$819K +10,424 +0.1%
BlackRock
2
BlackRock
New York
$992M +$64.7M +824,244 +7%
Principal Financial Group
3
Principal Financial Group
Iowa
$702M +$22.2M +282,519 +3%
State Street
4
State Street
Massachusetts
$519M +$12M +152,805 +2%
Diamond Hill Capital Management
5
Diamond Hill Capital Management
Ohio
$509M -$6.77M -86,233 -1%
Norges Bank
6
Norges Bank
Norway
$423M +$94.4M +1,201,966 +30%
Primecap Management
7
Primecap Management
California
$415M -$16M -203,378 -4%
Janus Henderson Group
8
Janus Henderson Group
United Kingdom
$382M +$2.33M +29,715 +0.6%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$303M +$3.7M +47,058 +1%
Baird Financial Group
10
Baird Financial Group
Wisconsin
$236M +$9.4M +119,666 +4%
Holocene Advisors
11
Holocene Advisors
New York
$232M +$149M +1,896,094 +200%
FMI
12
Fiduciary Management Inc
Wisconsin
$226M -$13.8M -176,047 -6%
Invesco
13
Invesco
Georgia
$223M +$2.18M +27,716 +1%
Koshinski Asset Management
14
Koshinski Asset Management
Illinois
$215M -$2.83K -36 -1%
TCAM
15
Turtle Creek Asset Management
Ontario, Canada
$212M +$4.47M +56,906 +2%
Goldman Sachs
16
Goldman Sachs
New York
$211M +$41.2M +524,766 +26%
FPA
17
First Pacific Advisors
California
$196M +$1.06M +13,487 +0.6%
UBS Group
18
UBS Group
Switzerland
$173M +$144M +1,837,257 +668%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$157M -$6.59M -83,908 -4%
Morgan Stanley
20
Morgan Stanley
New York
$152M -$10.8M -137,496 -7%
CB
21
Cooke & Bieler
Pennsylvania
$149M -$3.94M -50,178 -3%
GC
22
Giverny Capital
Quebec, Canada
$138M +$3.59M +45,744 +3%
UBS AM
23
UBS AM
Illinois
$137M +$12.7M +162,160 +11%
Kovitz Investment Group Partners
24
Kovitz Investment Group Partners
Illinois
$131M +$10.1M +128,397 +9%
Bank of America
25
Bank of America
North Carolina
$126M +$10.3M +130,653 +9%
1
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KMX Hedge Fund Activity: Q4 2024 in Review

749 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2024, worth a combined $13.4B — up 5.8% from $12.6B a quarter earlier.

Buyers outnumbered sellers: 97 funds opened new KMX positions and 75 closed out — a net gain of 22 holders — while 250 added to existing stakes and 284 trimmed.

The largest buyer was Holocene Advisors, adding an estimated $149M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $141M.

  • 749 institutional investors held CarMax (KMX) as of Q4 2024, up from 740 in Q3 2024.
  • Funds reported $13.4B of CarMax stock for Q4 2024, up 5.8% quarter-over-quarter.
  • 97 funds opened new CarMax positions in Q4 2024 and 75 closed out, a net change of +22 holders.
  • The largest CarMax buyer in Q4 2024 was Holocene Advisors, an estimated $149M added.
  • The largest CarMax seller in Q4 2024 was Ruane, Cunniff & Goldfarb, an estimated $141M sold.

Based on aggregated 13F filings for Q4 2024.