Vulcan Value Partners on CarMax’s (KMX) Strong Performance
Investment management company Vulcan Value Partners recently released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | AQR Capital Management Cliff Asness | 6,622,794 | $348,955,015 | -35% | 0.12% |
| 2. | SRS Investment Management Karthik Sarma | 5,922,862 | $313,260,171 | +5% | 2.9% |
| 3. | D E Shaw D. E. Shaw | 3,280,103 | $173,484,648 | +13% | 0.08% |
| 4. | Starboard Value LP Jeffrey Smith | 3,206,438 | $169,588,506 | -49% | 3.75% |
| 5. | First Pacific Advisors LLC Robert Rodriguez And Steven Romick | 3,008,564 | $159,122,950 | +1% | 1.97% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $53.39 | 2,000 | $106,780.00 | 21,702 | 2026-06-25 | Filing | |
| $52.01 | 574 | $29,853.74 | 24,993 | 2026-06-25 | Filing | |
| $52.36 | 4,800 | $251,328.00 | 4,800 | 2026-06-24 | Filing | |
| $52.36 | 4,800 | $251,328.00 | 29,490 | 2026-06-24 | Filing | |
| $52.20 | 2,500 | $130,500.00 | 24,796 | 2026-06-22 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $70.64 | 1,540 | $108,785.60 | 2,779 | 2025-07-02 | Filing | |
| $84.58 | 4,869 | $411,820.02 | 227 | 2025-01-28 | Filing | |
| $81.43 | 5,000 | $407,150.00 | 20,260 | 2025-01-15 | Filing | |
| $81.00 | 13,009 | $1,053,729.00 | 9,448 | 2025-01-15 | Filing | |
| $81.94 | 12,845 | $1,052,519.30 | 11,738 | 2025-01-08 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 17,092,089 | $904,000,591 | 0.01% | |
| 2. | 7,286,475 | $385,381,663 | 0.02% | |
| 3. | 6,420,191 | $339,563,902 | 0.01% | |
| 4. | 5,156,276 | $272,715,438 | 0.01% | |
| 5. | 4,974,772 | $263,119,540 | 0.05% |