Best Buy
BBY
397 hedge funds and large institutions have $8.4B invested in Best Buy in 2014 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 140 increasing their positions, 147 reducing their positions, and 39 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
49% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 39
20% more capital invested
Capital invested by funds: $7.02B → $8.4B (+$1.38B)
4% more funds holding
Funds holding: 381 → 397 (+16)
0.76% more ownership
Funds ownership: 76.9% → 77.66% (+0.76%)
5% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 147
10% less call options, than puts
Call options by funds: $252M | Put options by funds: $279M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$146M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$107M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$82.4M |
| 4 |
TCSAM
Tyrus Capital S.A.M.
Monaco
|
+$31.6M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$30.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$200M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$90M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$78.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$45M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
426
Elite Wealth Management
Kirkland,
Washington
| – | -$75K | -2,782 | Closed |
|
|
AR
427
Advisory Research
Chicago,
Illinois
| – | -$69K | -2,597 | Closed |
|
|
PP
428
Palladium Partners
Norfolk,
Virginia
| – | -$31K | -1,175 | Closed |
|
|
RNS
429
Robert N. Shapiro
| – | -$22K | -850 | Closed |
|
|
EWM
430
Evercore Wealth Management
New York
| – | -$11K | -418 | Closed |
|
|
MWP
431
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$10.8K | -400 | -100% |
|
|
FWM
432
Focused Wealth Management
Newburgh,
New York
| – | -$5K | -200 | Closed |
|
|
AF
433
Arrow Financial
Glens Falls,
New York
| – | -$5K | -195 | Closed |
|
|
BGIM
434
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$5K | -180 | Closed |
|
435
Lazard Asset Management
New York
| – | -$2K | -96 | Closed |
|
BBY Hedge Fund Activity: Q2 2014 in Review
397 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q2 2014, worth a combined $8.4B — up 20% from $7.02B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new BBY positions and 39 closed out — a net gain of 19 holders — while 140 added to existing stakes and 147 trimmed.
The largest buyer was Ameriprise, adding an estimated $146M. The largest seller was Wellington Management Group, cutting an estimated $200M.
- 397 institutional investors held Best Buy (BBY) as of Q2 2014, up from 381 in Q1 2014.
- Funds reported $8.4B of Best Buy stock for Q2 2014, up 20% quarter-over-quarter.
- 58 funds opened new Best Buy positions in Q2 2014 and 39 closed out, a net change of +19 holders.
- The largest Best Buy buyer in Q2 2014 was Ameriprise, an estimated $146M added.
- The largest Best Buy seller in Q2 2014 was Wellington Management Group, an estimated $200M sold.
Based on aggregated 13F filings for Q2 2014.