Bed Bath & Beyond
BBBY
127 hedge funds and large institutions have $278M invested in Bed Bath & Beyond in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 42 increasing their positions, 36 reducing their positions, and 54 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 36
5.71% less ownership
Funds ownership: 90.33% → 84.62% (-5.7%)
19% less funds holding
Funds holding: 157 → 127 (-30)
45% less call options, than puts
Call options by funds: $37.6M | Put options by funds: $67.9M
49% less capital invested
Capital invested by funds: $545M → $278M (-$268M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
52% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$19.9M |
| 2 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$14.4M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$7.97M |
| 4 |
JP Morgan Chase
New York
|
+$7.09M |
| 5 |
Goldman Sachs
New York
|
+$5.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$27.7M |
| 2 |
Millennium Management
New York
|
-$10.8M |
| 3 |
Morgan Stanley
New York
|
-$7.14M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$7.1M |
| 5 |
BCP
Berylson Capital Partners
Boston,
Massachusetts
|
-$4.36M |
BBBY Hedge Fund Activity: Q4 2018 in Review
127 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Bed Bath & Beyond (BBBY) for Q4 2018, worth a combined $278M — down 49% from $545M a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of BBBY and 26 opened new positions — a net loss of 28 holders — while 36 trimmed existing stakes and 42 added.
The largest buyer was State of New Jersey Common Pension Fund D, opening a new position worth an estimated $19.9M. The largest seller was Park West Asset Management, exiting entirely with an estimated $27.7M sold.
- 127 institutional investors held Bed Bath & Beyond (BBBY) as of Q4 2018, down from 157 in Q3 2018.
- Funds reported $278M of Bed Bath & Beyond stock for Q4 2018, down 49% quarter-over-quarter.
- 26 funds opened new Bed Bath & Beyond positions in Q4 2018 and 54 closed out, a net change of -28 holders.
- The largest Bed Bath & Beyond buyer in Q4 2018 was State of New Jersey Common Pension Fund D, an estimated $19.9M added.
- The largest Bed Bath & Beyond seller in Q4 2018 was Park West Asset Management, an estimated $27.7M sold.
Based on aggregated 13F filings for Q4 2018.