Best Buy
777 hedge funds and large institutions have $13.6B invested in Best Buy in 2022 Q4 according to their latest regulatory filings, with 130 funds opening new positions, 253 increasing their positions, 300 reducing their positions, and 86 closing their positions.
51% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 86
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
22% more capital invested
Capital invested by funds: $11.2B → $13.6B (+$2.42B)
4% more funds holding
Funds holding: 745 → 777 (+32)
0.86% less ownership
Funds ownership: 78.57% → 77.71% (-0.86%)
16% less repeat investments, than reductions
Existing positions increased: 253 | Existing positions reduced: 300
35% less call options, than puts
Call options by funds: $481M | Put options by funds: $738M
Top Buyers
| 1 |
Millennium Management
New York
|
+$108M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$81.7M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
+$71.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$42.1M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$39.1M |
Top Sellers
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$108M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$88.2M |
| 3 |
HMP
HS Management Partners
New York
|
-$78.4M |
| 4 |
BlackRock
New York
|
-$65M |
| 5 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$59.2M |
BBY Hedge Fund Activity: Q4 2022 in Review
777 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q4 2022, worth a combined $13.6B — up 22% from $11.2B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new BBY positions and 86 closed out — a net gain of 44 holders — while 253 added to existing stakes and 300 trimmed.
The largest buyer was Millennium Management, adding an estimated $108M. The largest seller was Bank of America, cutting an estimated $108M.
- 777 institutional investors held Best Buy (BBY) as of Q4 2022, up from 745 in Q3 2022.
- Funds reported $13.6B of Best Buy stock for Q4 2022, up 22% quarter-over-quarter.
- 130 funds opened new Best Buy positions in Q4 2022 and 86 closed out, a net change of +44 holders.
- The largest Best Buy buyer in Q4 2022 was Millennium Management, an estimated $108M added.
- The largest Best Buy seller in Q4 2022 was Bank of America, an estimated $108M sold.
Based on aggregated 13F filings for Q4 2022.