Best Buy
BBY
828 hedge funds and large institutions have $15B invested in Best Buy in 2024 Q2 according to their latest regulatory filings, with 137 funds opening new positions, 322 increasing their positions, 273 reducing their positions, and 77 closing their positions.
78% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 77
32% more call options, than puts
Call options by funds: $752M | Put options by funds: $568M
18% more repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 273
6% more funds holding
Funds holding: 783 → 828 (+45)
3% more capital invested
Capital invested by funds: $14.6B → $15B (+$379M)
0.31% less ownership
Funds ownership: 82.59% → 82.29% (-0.31%)
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$218M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
+$114M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$98.7M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$85.3M |
| 5 |
Bank of New York Mellon
New York
|
+$81.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$380M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$200M |
| 3 |
BlackRock
New York
|
-$122M |
| 4 |
Amundi
Paris,
France
|
-$68.6M |
| 5 |
KBC Group
Brussels,
Belgium
|
-$68.3M |
BBY Hedge Fund Activity: Q2 2024 in Review
828 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q2 2024, worth a combined $15B — up 2.6% from $14.6B a quarter earlier.
Buyers outnumbered sellers: 137 funds opened new BBY positions and 77 closed out — a net gain of 60 holders — while 322 added to existing stakes and 273 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $218M. The largest seller was JP Morgan Chase, cutting an estimated $380M.
- 828 institutional investors held Best Buy (BBY) as of Q2 2024, up from 783 in Q1 2024.
- Funds reported $15B of Best Buy stock for Q2 2024, up 2.6% quarter-over-quarter.
- 137 funds opened new Best Buy positions in Q2 2024 and 77 closed out, a net change of +60 holders.
- The largest Best Buy buyer in Q2 2024 was D.E. Shaw & Co, an estimated $218M added.
- The largest Best Buy seller in Q2 2024 was JP Morgan Chase, an estimated $380M sold.
Based on aggregated 13F filings for Q2 2024.