Best Buy
BBY
467 hedge funds and large institutions have $11B invested in Best Buy in 2014 Q4 according to their latest regulatory filings, with 101 funds opening new positions, 161 increasing their positions, 149 reducing their positions, and 39 closing their positions.
159% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 39
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
18% more capital invested
Capital invested by funds: $9.3B → $11B (+$1.68B)
14% more funds holding
Funds holding: 410 → 467 (+57)
1.34% more ownership
Funds ownership: 79.32% → 80.66% (+1.3%)
8% more repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 149
13% less call options, than puts
Call options by funds: $401M | Put options by funds: $460M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IIM
Ivory Investment Management
New York
|
+$77.9M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$71.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$55.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$52.1M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$50.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$116M |
| 2 |
Bank of New York Mellon
New York
|
-$99.7M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$64.3M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$60.4M |
| 5 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$51.5M |
BBY Hedge Fund Activity: Q4 2014 in Review
467 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q4 2014, worth a combined $11B — up 18% from $9.3B a quarter earlier.
Buyers outnumbered sellers: 101 funds opened new BBY positions and 39 closed out — a net gain of 62 holders — while 161 added to existing stakes and 149 trimmed.
The largest buyer was Ivory Investment Management, opening a new position worth an estimated $77.9M. The largest seller was WBI Investments, exiting entirely with an estimated $116M sold.
- 467 institutional investors held Best Buy (BBY) as of Q4 2014, up from 410 in Q3 2014.
- Funds reported $11B of Best Buy stock for Q4 2014, up 18% quarter-over-quarter.
- 101 funds opened new Best Buy positions in Q4 2014 and 39 closed out, a net change of +62 holders.
- The largest Best Buy buyer in Q4 2014 was Ivory Investment Management, an estimated $77.9M added.
- The largest Best Buy seller in Q4 2014 was WBI Investments, an estimated $116M sold.
Based on aggregated 13F filings for Q4 2014.