Best Buy
BBY
577 hedge funds and large institutions have $17.5B invested in Best Buy in 2018 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 187 increasing their positions, 242 reducing their positions, and 57 closing their positions.
32% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 57
2% more funds holding
Funds holding: 565 → 577 (+12)
3% more capital invested
Capital invested by funds: $17B → $17.5B (+$533M)
0.77% more ownership
Funds ownership: 85.07% → 85.85% (+0.77%)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
23% less repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 242
49% less call options, than puts
Call options by funds: $214M | Put options by funds: $416M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$170M |
| 2 |
Renaissance Technologies
New York
|
+$156M |
| 3 |
Two Sigma Advisers
New York
|
+$146M |
| 4 |
Two Sigma Investments
New York
|
+$101M |
| 5 |
Goldman Sachs
New York
|
+$99.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$99.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$73.7M |
| 3 |
JP Morgan Chase
New York
|
-$65.9M |
| 4 |
State Street
Boston,
Massachusetts
|
-$63.5M |
| 5 |
BlackRock
New York
|
-$58.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EA
626
Edge Advisors
Atlanta,
Georgia
| – | -$3.95K | -55 | -80% |
|
|
CMO
627
Covenant Multifamily Offices
San Antonio,
Texas
| – | -$3K | -50 | Closed |
|
|
BBHC
628
Brown Brothers Harriman & Co
New York
| – | -$2K | -31 | Closed |
|
|
PWM
629
Paulson Wealth Management
Wheaton,
Illinois
| – | -$1K | -18 | Closed |
|
|
AF
630
Allworth Financial
Folsom,
California
| – | -$72 | -1 | -33% |
|
631
Point72 Asset Management
Stamford,
Connecticut
| – | +$72 | +1 | New |
|
|
DBT
632
Dubuque Bank & Trust
Dubuque,
Iowa
| – | +$503 | +7 | New |
|
BBY Hedge Fund Activity: Q1 2018 in Review
577 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q1 2018, worth a combined $17.5B — up 3.1% from $17B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new BBY positions and 57 closed out — a net gain of 18 holders — while 187 added to existing stakes and 242 trimmed.
The largest buyer was OppenheimerFunds, adding an estimated $170M. The largest seller was Fidelity Investments, cutting an estimated $99.2M.
- 577 institutional investors held Best Buy (BBY) as of Q1 2018, up from 565 in Q4 2017.
- Funds reported $17.5B of Best Buy stock for Q1 2018, up 3.1% quarter-over-quarter.
- 75 funds opened new Best Buy positions in Q1 2018 and 57 closed out, a net change of +18 holders.
- The largest Best Buy buyer in Q1 2018 was OppenheimerFunds, an estimated $170M added.
- The largest Best Buy seller in Q1 2018 was Fidelity Investments, an estimated $99.2M sold.
Based on aggregated 13F filings for Q1 2018.