Cliff Asness's KMX Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 3.15 M shares of CarMax, Inc. (KMX) worth $140.5 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 33 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in KMX, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2025, adding 2.95 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 |
|---|---|---|---|---|
| Q4 2012 | +175,401 | Add 0.00% | 175,400 | $37.54 |
| Q2 2013 | +92,201 | Add 0.00% | 92,200 | $46.16 |
| Q3 2013 | +9,837 | Add 10.67% | 102,037 | $48.47 |
| Q4 2013 | -38,237 | Reduce 37.47% | 63,800 | $47.02 |
| Q1 2014 | -50,600 | Reduce 79.31% | 13,200 | $46.82 |
| Q2 2014 | -500 | Reduce 3.79% | 12,700 | $52.05 |
| Q3 2014 | -12,700 | Sold Out | 0 | $0.00 |
| Q1 2015 | +12,733 | New Buy | 12,733 | $69.03 |
| Q2 2015 | +13,237 | Add 103.96% | 25,970 | $66.19 |
| Q4 2015 | +1,373 | Add 5.29% | 27,343 | $53.98 |
| Q1 2016 | +89,265 | Add 326.46% | 116,608 | $51.10 |
| Q2 2016 | -116,608 | Sold Out | 0 | $0.00 |
| Q4 2019 | +6,656 | New Buy | 6,656 | $87.59 |
| Q1 2020 | +3,749 | Add 56.33% | 10,405 | $53.82 |
| Q2 2020 | -1,114 | Reduce 10.71% | 9,291 | $88.80 |
| Q3 2020 | -3,085 | Reduce 33.20% | 6,206 | $91.85 |
| Q4 2020 | +11,553 | Add 186.16% | 17,759 | $93.36 |
| Q1 2021 | +454 | Add 2.56% | 18,213 | $132.65 |
| Q2 2021 | +61,454 | Add 337.42% | 79,667 | $129.15 |
| Q3 2021 | -79,667 | Sold Out | 0 | $0.00 |
| Q1 2023 | +32,050 | New Buy | 32,050 | $61.72 |
| Q2 2023 | -23,047 | Reduce 71.91% | 9,003 | $83.70 |
| Q3 2023 | +3,962 | Add 44.01% | 12,965 | $70.00 |
| Q4 2023 | +316,906 | Add 2444.32% | 329,871 | $76.74 |
| Q1 2024 | -173,609 | Reduce 52.63% | 156,262 | $87.11 |
| Q2 2024 | +332,574 | Add 212.83% | 488,836 | $73.34 |
| Q3 2024 | +276,786 | Add 56.62% | 765,622 | $77.24 |
| Q4 2024 | +634,390 | Add 82.86% | 1.4 M | $81.76 |
| Q1 2025 | +109,332 | Add 7.81% | 1.51 M | $76.78 |
| Q2 2025 | +2.95 M | Add 195.32% | 4.46 M | $66.88 |
| Q3 2025 | -1.31 M | Reduce 29.34% | 3.15 M | $44.61 |
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 33 quarters since Q4 2012.
Cliff Asness's largest addition to CarMax, Inc. (KMX) was in Q2 2025, adding 4,457,340 shares worth $298.11 M.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 3,149,442 shares of CarMax, Inc. (KMX), valued at approximately $140.5 M.
As of the Q3 2025 filing, CarMax, Inc. (KMX) represents approximately 0.09% 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 4,457,340 shares, as reported at the end of Q2 2025.