Best Buy
BBY
604 hedge funds and large institutions have $17.3B invested in Best Buy in 2018 Q2 according to their latest regulatory filings, with 82 funds opening new positions, 197 increasing their positions, 253 reducing their positions, and 51 closing their positions.
61% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 51
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
5% more funds holding
Funds holding: 577 → 604 (+27)
1% less capital invested
Capital invested by funds: $17.5B → $17.3B (-$216M)
2.64% less ownership
Funds ownership: 85.85% → 83.21% (-2.6%)
22% less repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 253
26% less call options, than puts
Call options by funds: $284M | Put options by funds: $385M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$78M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$71.1M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$68.1M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$63.8M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$54.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$219M |
| 2 |
Two Sigma Advisers
New York
|
-$209M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$181M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$152M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$109M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
651
Manchester Capital Management
Manchester,
Vermont
| – | -$2K | -30 | Closed |
|
|
PFGIA
652
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$1K | -19 | Closed |
|
653
Point72 Asset Management
Stamford,
Connecticut
| – | -$74 | -1 | Closed |
|
|
GI
654
Gradient Investments
Arden Hills,
Minnesota
| – | +$74 | +1 | New |
|
|
AC
655
Avestar Capital
New York
| – | +$222 | +3 | +27% |
|
|
SIS
656
Sound Income Strategies
Ft Lauderdale,
Florida
| – | +$370 | +5 | New |
|
|
KJWM
657
Kiley Juergens Wealth Management
Olympia,
Washington
| – | +$3.33K | +45 | New |
|
BBY Hedge Fund Activity: Q2 2018 in Review
604 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q2 2018, worth a combined $17.3B — down 1.2% from $17.5B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new BBY positions and 51 closed out — a net gain of 31 holders — while 197 added to existing stakes and 253 trimmed.
The largest buyer was Marshall Wace, adding an estimated $78M. The largest seller was Goldman Sachs, cutting an estimated $219M.
- 604 institutional investors held Best Buy (BBY) as of Q2 2018, up from 577 in Q1 2018.
- Funds reported $17.3B of Best Buy stock for Q2 2018, down 1.2% quarter-over-quarter.
- 82 funds opened new Best Buy positions in Q2 2018 and 51 closed out, a net change of +31 holders.
- The largest Best Buy buyer in Q2 2018 was Marshall Wace, an estimated $78M added.
- The largest Best Buy seller in Q2 2018 was Goldman Sachs, an estimated $219M sold.
Based on aggregated 13F filings for Q2 2018.