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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$126M |
| 2 |
Goldman Sachs
New York
|
+$78.3M |
| 3 |
JP Morgan Chase
New York
|
+$63.6M |
| 4 |
Barclays
London,
United Kingdom
|
+$56.4M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$53.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$242M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$56.4M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$42.5M |
| 4 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$40.3M |
| 5 |
Renaissance Technologies
New York
|
-$36M |
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.