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Vulcan Value Partners reduced its KMX position by 59%, from 2.43% to 1.47% of the portfolio.

Now holds 912,638 shares worth $48.27M.
Published · Based on SEC filings

Low impact
Major trim
2026 Q2

CarMax Inc (KMX) fell to 1.47% of the Vulcan Value Partners portfolio in 2026 Q2, from 2.43%, according to the 13F-HR filed with the SEC on August 10, 2026. The share count dropped 59% to 913K shares, and the position is worth about $48.3M and ranks 16th of 36 stocks by weight.

What did the 2026 Q2 filing report for KMX?

As of June 30, 2026, from the 13F-HR filed August 10, 2026.

Before After
Shares 2.2M 913K
Shares sold -1.29M (59%)
Reported value $91.7M $48.3M
Portfolio weight 2.43% 1.47%
Rank in portfolio 16th of 36

How much did Vulcan Value Partners cut KMX?

Vulcan Value Partners sold 1.29M shares of KMX during 2026 Q2, cutting the stake from 2.2M to 913K. The reported value of the position fell by about $43.4M, from about $91.7M to about $48.3M.

Where does KMX sit in the Vulcan Value Partners portfolio?

KMX ranks 16th of 36 stock positions in the Vulcan Value Partners portfolio at 1.47%, below the fund's average stock position of 3%. The KMX cut was the 5th largest of the quarter's 37 position changes by percent change to portfolio. The largest stock position is EG at 11.28%. Next come MSFT at 11.21% and RYAN at 9.09%. The three largest stocks together are 31.58% of the book. Across the 2026 Q2 portfolio, Vulcan Value Partners reported 36 stock positions, with 4 opened and 1 closed. The total portfolio value is about $3.3B, down 13% from the prior quarter.

Vulcan Value Partners buys and sells, 2026 Q2

How long has Vulcan Value Partners held KMX?

Vulcan Value Partners first reported KMX in the quarter ended March 31, 2024. The weight peaked at 2.43% in 2026 Q1. This is the second straight quarter of cuts. Last quarter the fund trimmed it by 25%. Every reported trade is on the Vulcan Value Partners KMX trade history page.

Vulcan Value Partners shares of KMX by quarter

Did other funds buy or sell KMX in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 10, 2026, 2 hold KMX. Of those, 2 trimmed the position this quarter and none added. The largest sellers were John W. Rogers Jr. and Mark A. Hillman. Every tracked holder of KMX is on the KMX ownership page.

FAQ

How many KMX shares did Vulcan Value Partners sell in 2026 Q2?

Vulcan Value Partners sold 1.29M shares of KMX, 59% of the position, leaving 913K shares.

What remains of the KMX position of Vulcan Value Partners?

Vulcan Value Partners still holds 913K shares of KMX, worth about $48.3M at June 30, 2026 prices.

How much of the Vulcan Value Partners portfolio is KMX now?

KMX is 1.47% of the Vulcan Value Partners portfolio, down from 2.43% a quarter earlier.

Did other funds trim KMX in 2026 Q2?

Among the 2 other tracked funds that hold KMX, 2 trimmed it in 2026 Q2 and none added to it.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst