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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
HH
451
Hilltop Holdings
Texas
$392K +$6.03K +78 +1%
ADMI
452
Albert D. Mason Inc
Massachusetts
$390K – – –
MYAM
453
Meiji Yasuda Asset Management
Japan
$384K +$15.5K +200 +4%
Nomura Holdings
454
Nomura Holdings
Japan
$381K +$424K +5,490 New
LFAS
455
Level Four Advisory Services
Texas
$381K +$8.81K +114 +2%
QT
456
Quantbot Technologies
New York
$379K +$422K +5,461 New
PTC
457
Petrus Trust Company
Texas
$377K +$419K +5,424 New
OWA
458
One Wealth Advisors
California
$375K +$184K +2,383 +79%
PAS
459
Park Avenue Securities
New York
$374K +$416K +5,381 New
Squarepoint
460
Squarepoint
New York
$366K -$20.2M -261,898 -98%
DMBA
461
Deseret Mutual Benefit Administrators
Utah
$360K -$40.9K -529 -9%
FWCM
462
Ferguson Wellman Capital Management
Oregon
$359K -$435K -5,631 -52%
SC
463
Skylands Capital
Wisconsin
$356K -$263K -3,400 -40%
MA
464
MCF Advisors
Kentucky
$356K +$4.48K +58 +1%
BSG
465
Black Swift Group
Colorado
$347K +$386K +5,000 New
SDIC
466
South Dakota Investment Council
South Dakota
$347K -$30.9K -400 -7%
JIC
467
Johnson Investment Counsel
Ohio
$346K -$11.8K -153 -3%
BFM
468
Boothbay Fund Management
New York
$343K +$382K +4,943 New
TC
469
TownSquare Capital
Utah
$338K +$60.3K +780 +19%
Group One Trading
470
Group One Trading
Illinois
$336K +$374K +4,840 New
BAMF
471
BI Asset Management Fondsmaeglerselskab
Denmark
$335K – – –
LWAM
472
Legacy Wealth Asset Management
Minnesota
$331K +$368K +4,765 New
TMAM
473
Tokio Marine Asset Management
Japan
$329K +$28.2K +365 +8%
FI
474
Financial Insights
Washington
$328K +$99.6K +1,289 +36%
AAS
475
Avantax Advisory Services
Texas
$328K +$34.1K +441 +10%
17 18
19
20 21

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.