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Best Buy
BBY

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
777
Holders Change
+32
Holders Change %
+4.3%
% of All Funds
12.49%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
130
Increased
253
Reduced
300
Closed
86
Calls
$481M
Puts
$738M
Net Calls
-$257M
Net Calls Change
-$227M

Top Buyers

1
Millennium Management
Millennium Management
New York
+$108M
2
Invesco
Invesco
Georgia
+$81.7M
3
SSA
Schonfeld Strategic Advisors
New York
+$71.4M
4
Citadel Advisors
Citadel Advisors
Florida
+$42.1M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$39.1M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$108M
2
Ameriprise
Ameriprise
Minnesota
-$88.2M
3
HMP
HS Management Partners
New York
-$78.4M
4
BlackRock
BlackRock
New York
-$65M
5
CVA
Ceredex Value Advisors
Florida
-$59.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
RA
551
Rise Advisors
New York
$230K +$294 +4 +0.1%
JWCA
552
J.W. Cole Advisors
Florida
$227K -$80.1K -1,088 -28%
WPC
553
Wedmont Private Capital
Pennsylvania
$227K +$201K +2,731 New
BWM
554
Baystate Wealth Management
Massachusetts
$224K +$1.99K +27 +1%
FTDI
555
First Trust Direct Indexing
Massachusetts
$220K +$202K +2,739 New
LPT
556
Legacy Private Trust
Wisconsin
$217K -$172K -2,330 -46%
MC
557
Moors & Cabot
Massachusetts
$216K -$44.2K -600 -18%
EWM
558
Empirical Wealth Management
Washington
$214K +$196K +2,664 New
AIP
559
Ameritas Investment Partners
Nebraska
$213K – – –
PFM
560
Patton Fund Management
Texas
$213K +$195K +2,653 New
SI
561
Saxon Interests
Texas
$213K +$191K +2,592 New
CG
562
Caprock Group
Idaho
$212K +$192K +2,611 New
IWM
563
IHT Wealth Management
Illinois
$212K +$194K +2,638 New
AC
564
Allstate Corporation
Illinois
$211K -$614K -8,338 -76%
AIM
565
Allstate Investment Management
Illinois
$211K +$193K +2,627 New
IAG
566
Ipsen Advisor Group
Arkansas
$211K +$193K +2,626 New
FMLI
567
Fukoku Mutual Life Insurance
Japan
$210K +$193K +2,620 New
BJL
568
Brighton Jones LLC
Washington
$209K -$76.4K -1,038 -29%
RFA
569
Resurgent Financial Advisors
Georgia
$209K +$192K +2,602 New
APP
570
Alpha Paradigm Partners
Illinois
$208K -$468K -6,364 -71%
BC
571
Burney Company
Virginia
$207K +$190K +2,581 New
AI
572
Accredited Investors
Minnesota
$207K +$190K +2,575 New
BTWM
573
Baker Tilly Wealth Management
Wisconsin
$206K +$189K +2,574 New
MA
574
Mutual Advisors
Nebraska
$206K +$189K +2,573 New
Dimensional Fund Advisors
575
Dimensional Fund Advisors
Texas
$206K -$601K -8,167 -0.3%
21 22
23
24 25

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.