Cliff Asness's KMX Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 10.06 M shares of CarMax, Inc. (KMX) worth $412.58 M, representing 0.19% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 35 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in KMX, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2025, adding 4.78 M shares. Largest reduction occurred in Q3 2025, reducing 1.31 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's CarMax (KMX) Holding Value Over Time
Track share changes against reported price movement
Quarterly CarMax (KMX) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | +2.13 M | Add 26.86% | 10.06 M | $41.01 |
| Q4 2025 | +4.78 M | Add 151.80% | 7.93 M | $38.64 |
| Q3 2025 | -1.31 M | Reduce 29.34% | 3.15 M | $44.61 |
| Q2 2025 | +2.95 M | Add 195.32% | 4.46 M | $66.88 |
| Q1 2025 | +109,332 | Add 7.81% | 1.51 M | $76.78 |
| Q4 2024 | +634,390 | Add 82.86% | 1.4 M | $81.76 |
| Q3 2024 | +276,786 | Add 56.62% | 765,622 | $77.24 |
| Q2 2024 | +332,574 | Add 212.83% | 488,836 | $73.34 |
| Q1 2024 | -173,609 | Reduce 52.63% | 156,262 | $87.11 |
| Q4 2023 | +316,906 | Add 2444.32% | 329,871 | $76.74 |
| Q3 2023 | +3,962 | Add 44.01% | 12,965 | $70.00 |
| Q2 2023 | -23,047 | Reduce 71.91% | 9,003 | $83.70 |
| Q1 2023 | +32,050 | New Buy | 32,050 | $61.72 |
| Q3 2021 | -79,667 | Sold Out | 0 | $0.00 |
| Q2 2021 | +61,454 | Add 337.42% | 79,667 | $129.15 |
| Q1 2021 | +454 | Add 2.56% | 18,213 | $132.65 |
| Q4 2020 | +11,553 | Add 186.16% | 17,759 | $93.36 |
| Q3 2020 | -3,085 | Reduce 33.20% | 6,206 | $91.85 |
| Q2 2020 | -1,114 | Reduce 10.71% | 9,291 | $88.80 |
| Q1 2020 | +3,749 | Add 56.33% | 10,405 | $53.82 |
| Q4 2019 | +6,656 | New Buy | 6,656 | $87.59 |
| Q2 2016 | -116,608 | Sold Out | 0 | $0.00 |
| Q1 2016 | +89,265 | Add 326.46% | 116,608 | $51.10 |
| Q4 2015 | +1,373 | Add 5.29% | 27,343 | $53.98 |
| Q2 2015 | +13,237 | Add 103.96% | 25,970 | $66.19 |
| Q1 2015 | +12,733 | New Buy | 12,733 | $69.03 |
| Q3 2014 | -12,700 | Sold Out | 0 | $0.00 |
| Q2 2014 | -500 | Reduce 3.79% | 12,700 | $52.05 |
| Q1 2014 | -50,600 | Reduce 79.31% | 13,200 | $46.82 |
| Q4 2013 | -38,237 | Reduce 37.47% | 63,800 | $47.02 |
| Q3 2013 | +9,837 | Add 10.67% | 102,037 | $48.47 |
| Q2 2013 | +92,200 | Add 0.00% | 92,200 | $46.16 |
| Q4 2012 | +175,400 | Add 0.00% | 175,400 | $37.54 |
Cliff Asness's CarMax Investment FAQs
Cliff Asness first purchased CarMax, Inc. (KMX) in Q4 2012, acquiring 175,400 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held CarMax, Inc. (KMX) for 35 quarters since Q4 2012.
Cliff Asness's largest addition to CarMax, Inc. (KMX) was in Q4 2025, adding 7,930,345 shares worth $306.43 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 10,060,502 shares of CarMax, Inc. (KMX), valued at approximately $412.58 M.
As of the Q1 2026 filing, CarMax, Inc. (KMX) represents approximately 0.19% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in CarMax, Inc. (KMX) was 10,060,502 shares, as reported at the end of Q1 2026.