Best Buy
BBY
633 hedge funds and large institutions have $15B invested in Best Buy in 2019 Q1 according to their latest regulatory filings, with 111 funds opening new positions, 206 increasing their positions, 236 reducing their positions, and 76 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 3 → 9 (+6)
46% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 76
29% more capital invested
Capital invested by funds: $11.6B → $15B (+$3.39B)
5% more funds holding
Funds holding: 603 → 633 (+30)
4.5% less ownership
Funds ownership: 83.92% → 79.43% (-4.5%)
13% less repeat investments, than reductions
Existing positions increased: 206 | Existing positions reduced: 236
25% less call options, than puts
Call options by funds: $211M | Put options by funds: $280M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$88.5M |
| 2 |
Holocene Advisors
New York
|
+$71.2M |
| 3 |
Millennium Management
New York
|
+$69M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$47.4M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$46.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$159M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$127M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$96.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$83.4M |
| 5 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
-$80.6M |
BBY Hedge Fund Activity: Q1 2019 in Review
633 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q1 2019, worth a combined $15B — up 29% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 111 funds opened new BBY positions and 76 closed out — a net gain of 35 holders — while 206 added to existing stakes and 236 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $88.5M. The largest seller was Vanguard Group, cutting an estimated $159M.
- 633 institutional investors held Best Buy (BBY) as of Q1 2019, up from 603 in Q4 2018.
- Funds reported $15B of Best Buy stock for Q1 2019, up 29% quarter-over-quarter.
- 111 funds opened new Best Buy positions in Q1 2019 and 76 closed out, a net change of +35 holders.
- The largest Best Buy buyer in Q1 2019 was Citadel Advisors, an estimated $88.5M added.
- The largest Best Buy seller in Q1 2019 was Vanguard Group, an estimated $159M sold.
Based on aggregated 13F filings for Q1 2019.