Best Buy
BBY
381 hedge funds and large institutions have $7.02B invested in Best Buy in 2014 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 149 increasing their positions, 138 reducing their positions, and 117 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 138
2.09% less ownership
Funds ownership: 78.99% → 76.9% (-2.1%)
16% less funds holding
Funds holding: 456 → 381 (-75)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
36% less capital invested
Capital invested by funds: $11B → $7.02B (-$3.98B)
41% less call options, than puts
Call options by funds: $134M | Put options by funds: $229M
57% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 117
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$226M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$181M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$179M |
| 4 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$98.6M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$93.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$205M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$150M |
| 3 |
IIS
Ignis Investment Services
Edinburgh,
United Kingdom
|
-$130M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$126M |
| 5 |
Goldman Sachs
New York
|
-$119M |
BBY Hedge Fund Activity: Q1 2014 in Review
381 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q1 2014, worth a combined $7.02B — down 36% from $11B a quarter earlier.
Sellers outnumbered buyers: 117 funds closed out of BBY and 50 opened new positions — a net loss of 67 holders — while 138 trimmed existing stakes and 149 added.
The largest buyer was JP Morgan Chase, adding an estimated $226M. The largest seller was VOYA Investment Management, cutting an estimated $205M.
- 381 institutional investors held Best Buy (BBY) as of Q1 2014, down from 456 in Q4 2013.
- Funds reported $7.02B of Best Buy stock for Q1 2014, down 36% quarter-over-quarter.
- 50 funds opened new Best Buy positions in Q1 2014 and 117 closed out, a net change of -67 holders.
- The largest Best Buy buyer in Q1 2014 was JP Morgan Chase, an estimated $226M added.
- The largest Best Buy seller in Q1 2014 was VOYA Investment Management, an estimated $205M sold.
Based on aggregated 13F filings for Q1 2014.