Best Buy
BBY
737 hedge funds and large institutions have $13.9B invested in Best Buy in 2023 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 286 increasing their positions, 285 reducing their positions, and 109 closing their positions.
7% more call options, than puts
Call options by funds: $424M | Put options by funds: $396M
3% more capital invested
Capital invested by funds: $13.4B → $13.9B (+$418M)
0% more repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 285
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.58% less ownership
Funds ownership: 79.02% → 77.44% (-1.6%)
5% less funds holding
Funds holding: 778 → 737 (-41)
32% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 109
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$117M |
| 2 |
JP Morgan Chase
New York
|
+$104M |
| 3 |
BlackRock
New York
|
+$58.1M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$33.7M |
| 5 |
Amundi
Paris,
France
|
+$29.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$78.3M |
| 2 |
Renaissance Technologies
New York
|
-$66.6M |
| 3 |
Millennium Management
New York
|
-$65.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$58.1M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$54.4M |
BBY Hedge Fund Activity: Q2 2023 in Review
737 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q2 2023, worth a combined $13.9B — up 3.1% from $13.4B a quarter earlier.
Sellers outnumbered buyers: 109 funds closed out of BBY and 74 opened new positions — a net loss of 35 holders — while 285 trimmed existing stakes and 286 added.
The largest buyer was Pacer Advisors, adding an estimated $117M. The largest seller was T. Rowe Price Associates, cutting an estimated $78.3M.
- 737 institutional investors held Best Buy (BBY) as of Q2 2023, down from 778 in Q1 2023.
- Funds reported $13.9B of Best Buy stock for Q2 2023, up 3.1% quarter-over-quarter.
- 74 funds opened new Best Buy positions in Q2 2023 and 109 closed out, a net change of -35 holders.
- The largest Best Buy buyer in Q2 2023 was Pacer Advisors, an estimated $117M added.
- The largest Best Buy seller in Q2 2023 was T. Rowe Price Associates, an estimated $78.3M sold.
Based on aggregated 13F filings for Q2 2023.