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Best Buy
BBY

699 hedge funds and large institutions have $12B invested in Best Buy in 2023 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 290 increasing their positions, 261 reducing their positions, and 87 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

11% more repeat investments, than reductions

Existing positions increased: 290 | Existing positions reduced: 261

1.82% more ownership

Funds ownership: 77.44% → 79.26% (+1.8%)

9% more call options, than puts

Call options by funds: $426M | Put options by funds: $392M

5% less funds holding

Funds holding: 737 → 699 (-38)

13% less capital invested

Capital invested by funds: $13.9B → $12B (-$1.85B)

33% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 87

Holders
699
Holders Change
-38
Holders Change %
-5.16%
% of All Funds
11.09%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
58
Increased
290
Reduced
261
Closed
87
Calls
$426M
Puts
$392M
Net Calls
+$33.8M
Net Calls Change
+$5.95M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$126M
2
Goldman Sachs
Goldman Sachs
New York
+$78.3M
3
JP Morgan Chase
JP Morgan Chase
New York
+$63.6M
4
Barclays
Barclays
United Kingdom
+$56.4M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$53.5M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$242M
2
Citadel Advisors
Citadel Advisors
Florida
-$56.4M
3
LSV Asset Management
LSV Asset Management
Illinois
-$42.5M
4
CVA
Ceredex Value Advisors
Florida
-$40.3M
5
Renaissance Technologies
Renaissance Technologies
New York
-$36M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
276
Fifth Third Bancorp
Ohio
$1.73M -$669K -8,653 -26%
SGCA
277
Steel Grove Capital Advisors
Tennessee
$1.71M -$51.2K -662 -3%
RJT
278
Raymond James Trust
Florida
$1.71M +$59.7K +772 +3%
SWM
279
Scissortail Wealth Management
Oklahoma
$1.64M +$45.1K +584 +3%
Public Employees Retirement Association of Colorado
280
Public Employees Retirement Association of Colorado
Colorado
$1.58M -$80.8K -1,046 -4%
AIA
281
Affinity Investment Advisors
California
$1.57M -$27.6K -357 -2%
GIA
282
Gateway Investment Advisers
Ohio
$1.57M -$850 -11 -0%
Cambridge Investment Research Advisors
283
Cambridge Investment Research Advisors
Iowa
$1.55M +$224K +2,902 +15%
CAM
284
Cozad Asset Management
Illinois
$1.55M -$17.2K -222 -1%
WSTAM
285
Wilbanks Smith & Thomas Asset Management
Virginia
$1.54M -$164K -2,119 -9%
Rafferty Asset Management
286
Rafferty Asset Management
New York
$1.53M -$23.9K -309 -1%
NAM
287
Nissay Asset Management
Japan
$1.51M +$50.9K +659 +3%
JFG
288
Jefferies Financial Group
New York
$1.49M -$1.33M -17,267 -45%
VA
289
Vident Advisory
Georgia
$1.49M +$1.65M +21,410 New
JFA
290
JNBA Financial Advisors
Minnesota
$1.48M +$101K +1,302 +7%
WCBA
291
Weaver C. Barksdale & Associates
Tennessee
$1.46M +$258K +3,334 +19%
NA
292
NewEdge Advisors
Louisiana
$1.46M +$82K +1,061 +5%
Public Sector Pension Investment Board (PSP Investments)
293
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.45M +$176K +2,272 +12%
Vontobel Holding
294
Vontobel Holding
Switzerland
$1.45M +$619K +8,006 +62%
MAP
295
Moody Aldrich Partners
Massachusetts
$1.44M – – –
PGFC
296
Peapack-Gladstone Financial Corp
New Jersey
$1.44M -$50K -647 -3%
CWS
297
Confluence Wealth Services
Pennsylvania
$1.41M +$102K +1,324 +7%
BCV
298
Banque Cantonale Vaudoise
Switzerland
$1.39M +$423K +5,474 +38%
CCP
299
Cunning Capital Partners
North Carolina
$1.39M +$1.55M +20,000 New
IF
300
Intrua Financial
Texas
$1.39M +$21.9K +283 +1%
10 11
12
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BBY Hedge Fund Activity: Q3 2023 in Review

699 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2023, worth a combined $12B — down 13% from $13.9B a quarter earlier.

Sellers outnumbered buyers: 87 funds closed out of BBY and 58 opened new positions — a net loss of 29 holders — while 261 trimmed existing stakes and 290 added.

The largest buyer was BlackRock, adding an estimated $126M. The largest seller was T. Rowe Price Associates, cutting an estimated $242M.

  • 699 institutional investors held Best Buy (BBY) as of Q3 2023, down from 737 in Q2 2023.
  • Funds reported $12B of Best Buy stock for Q3 2023, down 13% quarter-over-quarter.
  • 58 funds opened new Best Buy positions in Q3 2023 and 87 closed out, a net change of -29 holders.
  • The largest Best Buy buyer in Q3 2023 was BlackRock, an estimated $126M added.
  • The largest Best Buy seller in Q3 2023 was T. Rowe Price Associates, an estimated $242M sold.

Based on aggregated 13F filings for Q3 2023.