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Best Buy

766 hedge funds and large institutions have $13.8B invested in Best Buy in 2023 Q4 according to their latest regulatory filings, with 145 funds opening new positions, 256 increasing their positions, 275 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

116% more first-time investments, than exits

New positions opened: 145 | Existing positions closed: 67

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

15% more capital invested

Capital invested by funds: $12B → $13.8B (+$1.84B)

10% more funds holding

Funds holding: 699766 (+67)

2.89% more ownership

Funds ownership: 79.26%82.16% (+2.9%)

0% more call options, than puts

Call options by funds: $555M | Put options by funds: $555M

7% less repeat investments, than reductions

Existing positions increased: 256 | Existing positions reduced: 275

Holders
766
Holders Change
+67
Holders Change %
+9.59%
% of All Funds
11.17%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
145
Increased
256
Reduced
275
Closed
67
Calls
$555M
Puts
$555M
Net Calls
+$296K
Net Calls Change
-$33.5M
Name Holding Trade Value Shares
Change
Change in
Stake
LWL
551
Leo Wealth LLC
Texas
$215K +$197K +2,799 New
SFI
552
SPC Financial Inc
Maryland
$215K +$194K +2,749 New
IA
553
IFP Advisors
Florida
$214K -$12.2K -173 -6%
SI
554
Stephens Inc
Arkansas
$212K +$191K +2,713 New
BTWM
555
Baker Tilly Wealth Management
Wisconsin
$212K +$191K +2,710 New
LNC
556
Lincoln National Corp
Pennsylvania
$211K -$32.1K -456 -14%
NP
557
NorthRock Partners
Minnesota
$211K +$188K +2,672 New
BTI
558
Blue Trust Inc
Georgia
$211K +$29.3K +416 +16%
BHPW
559
Beverly Hills Private Wealth
California
$211K +$190K +2,694 New
PVI
560
Pine Valley Investments
New Jersey
$210K +$189K +2,683 New
MCWA
561
Meadow Creek Wealth Advisors
Georgia
$209K +$188K +2,666 New
LA
562
Lifeworks Advisors
Michigan
$206K -$30.4K -432 -14%
SWA
563
SOA Wealth Advisors
New York
$204K -$100K -1,423 -35%
CCM
564
Chiron Capital Management
Florida
$204K +$183K +2,600 New
ACM
565
Allred Capital Management
Texas
$201K +$181K +2,564 New
TAM
566
Tocqueville Asset Management
New York
$200K +$180K +2,555 New
HPC
567
HM Payson & Co
Maine
$198K
FFA
568
Farther Finance Advisors
California
$191K +$138K +1,962 +410%
Bessemer Group
569
Bessemer Group
New Jersey
$190K -$68.1K -967 -29%
FHA
570
First Horizon Advisors
Tennessee
$185K -$39.6K -563 -19%
AIP
571
Ameritas Investment Partners
Nebraska
$181K
HWM
572
HighMark Wealth Management
Minnesota
$172K +$2.04K +29 +1%
SWM
573
Spire Wealth Management
Virginia
$169K +$11.3K +161 +7%
EC
574
EntryPoint Capital
New York
$165K +$148K +2,104 New
DZ Bank
575
DZ Bank
Germany
$156K -$146K -2,067 -51%

BBY Hedge Fund Activity: Q4 2023 in Review

766 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q4 2023, worth a combined $13.8B — up 15% from $12B a quarter earlier.

Buyers outnumbered sellers: 145 funds opened new BBY positions and 67 closed out — a net gain of 78 holders — while 256 added to existing stakes and 275 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $221M. The largest seller was T. Rowe Price Associates, cutting an estimated $194M.

  • 766 institutional investors held Best Buy (BBY) as of Q4 2023, up from 699 in Q3 2023.
  • Funds reported $13.8B of Best Buy stock for Q4 2023, up 15% quarter-over-quarter.
  • 145 funds opened new Best Buy positions in Q4 2023 and 67 closed out, a net change of +78 holders.
  • The largest Best Buy buyer in Q4 2023 was Morgan Stanley, an estimated $221M added.
  • The largest Best Buy seller in Q4 2023 was T. Rowe Price Associates, an estimated $194M sold.

Based on aggregated 13F filings for Q4 2023.