Best Buy
BBY
765 hedge funds and large institutions have $22.6B invested in Best Buy in 2021 Q1 according to their latest regulatory filings, with 104 funds opening new positions, 262 increasing their positions, 311 reducing their positions, and 127 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
18% more call options, than puts
Call options by funds: $415M | Put options by funds: $351M
10% more capital invested
Capital invested by funds: $20.5B → $22.6B (+$2.11B)
0.65% more ownership
Funds ownership: 78.67% → 79.32% (+0.65%)
4% less funds holding
Funds holding: 799 → 765 (-34)
16% less repeat investments, than reductions
Existing positions increased: 262 | Existing positions reduced: 311
18% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 127
Top Buyers
| 1 |
BlackRock
New York
|
+$188M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$121M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$74.3M |
| 4 |
Two Sigma Investments
New York
|
+$73.7M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$65.3M |
Top Sellers
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$156M |
| 2 |
Coatue Management
New York
|
-$124M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$116M |
| 4 |
JP Morgan Chase
New York
|
-$87.6M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$78M |
BBY Hedge Fund Activity: Q1 2021 in Review
765 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q1 2021, worth a combined $22.6B — up 10% from $20.5B a quarter earlier.
Sellers outnumbered buyers: 127 funds closed out of BBY and 104 opened new positions — a net loss of 23 holders — while 311 trimmed existing stakes and 262 added.
The largest buyer was BlackRock, adding an estimated $188M. The largest seller was Susquehanna International Group, cutting an estimated $156M.
- 765 institutional investors held Best Buy (BBY) as of Q1 2021, down from 799 in Q4 2020.
- Funds reported $22.6B of Best Buy stock for Q1 2021, up 10% quarter-over-quarter.
- 104 funds opened new Best Buy positions in Q1 2021 and 127 closed out, a net change of -23 holders.
- The largest Best Buy buyer in Q1 2021 was BlackRock, an estimated $188M added.
- The largest Best Buy seller in Q1 2021 was Susquehanna International Group, an estimated $156M sold.
Based on aggregated 13F filings for Q1 2021.