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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
KAS
301
Kestra Advisory Services
Texas
$1.37M +$647K +8,374 +74%
EI
302
Ethic Inc
New York
$1.35M +$139K +1,794 +10%
BCM
303
Bayesian Capital Management
New York
$1.35M +$989K +12,800 +192%
IGAM
304
iA Global Asset Management
Quebec, Canada
$1.34M -$36.4K -471 -2%
Capstone Investment Advisors
305
Capstone Investment Advisors
New York
$1.34M +$1.32M +17,131 +812%
Bank of Nova Scotia
306
Bank of Nova Scotia
Ontario, Canada
$1.33M +$168K +2,174 +13%
GIBU
307
Gulf International Bank (UK)
United Kingdom
$1.31M -$140K -1,811 -9%
HI
308
Horizon Investments
North Carolina
$1.25M -$15.8K -205 -1%
VPIM
309
Vanguard Personalized Indexing Management
California
$1.24M -$27.7K -359 -2%
GL
310
GHE LLC
Tennessee
$1.24M +$13.6K +176 +1%
BCIM
311
British Columbia Investment Management
British Columbia, Canada
$1.23M – – –
CBTWT
312
Community Bank & Trust (Waco, Texas)
Texas
$1.21M -$446K -5,765 -23%
JIR
313
James Investment Research
Ohio
$1.19M -$12.2K -158 -0.9%
SO
314
STRS Ohio
Ohio
$1.16M +$349K +4,515 +37%
BPC
315
Banque Pictet & Cie
Switzerland
$1.15M +$980K +12,682 +332%
Daiwa Securities Group
316
Daiwa Securities Group
Japan
$1.14M +$70.7K +915 +6%
EMPI
317
Elo Mutual Pension Insurance
Finland
$1.14M +$18.5K +239 +1%
Credit Agricole
318
Credit Agricole
France
$1.13M +$606K +7,840 +93%
CW
319
Connectus Wealth
Ohio
$1.12M +$155 +2 +0%
CAM
320
Cresset Asset Management
Illinois
$1.12M +$57.3K +742 +5%
OHWP
321
Oak Harbor Wealth Partners
North Carolina
$1.12M +$110K +1,429 +10%
PCM
322
Penserra Capital Management
California
$1.11M +$1.14M +14,803 +1,169%
CANY
323
Caxton Associates (New York)
New York
$1.11M +$1.23M +15,940 New
YIH
324
Y-Intercept (HK)
Hong Kong
$1.1M +$1.22M +15,802 New
KRS
325
Kentucky Retirement Systems
Kentucky
$1.1M +$9.2K +119 +0.8%
11 12
13
14 15

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.