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Best Buy
BBY

699 hedge funds and large institutions have $12B invested in Best Buy in 2023 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 290 increasing their positions, 261 reducing their positions, and 87 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

11% more repeat investments, than reductions

Existing positions increased: 290 | Existing positions reduced: 261

1.82% more ownership

Funds ownership: 77.44% → 79.26% (+1.8%)

9% more call options, than puts

Call options by funds: $426M | Put options by funds: $392M

5% less funds holding

Funds holding: 737 → 699 (-38)

13% less capital invested

Capital invested by funds: $13.9B → $12B (-$1.85B)

33% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 87

Holders
699
Holders Change
-38
Holders Change %
-5.16%
% of All Funds
11.09%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
58
Increased
290
Reduced
261
Closed
87
Calls
$426M
Puts
$392M
Net Calls
+$33.8M
Net Calls Change
+$5.95M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$126M
2
Goldman Sachs
Goldman Sachs
New York
+$78.3M
3
JP Morgan Chase
JP Morgan Chase
New York
+$63.6M
4
Barclays
Barclays
United Kingdom
+$56.4M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$53.5M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$242M
2
Citadel Advisors
Citadel Advisors
Florida
-$56.4M
3
LSV Asset Management
LSV Asset Management
Illinois
-$42.5M
4
CVA
Ceredex Value Advisors
Florida
-$40.3M
5
Renaissance Technologies
Renaissance Technologies
New York
-$36M
Name Holding Trade Value Shares
Change 		Change in
Stake
CHA
701
Carmichael Hill & Associates
Maryland
$1 – – –
Renaissance Technologies
702
Renaissance Technologies
New York
– -$36M -439,100 Closed
Balyasny Asset Management
703
Balyasny Asset Management
Illinois
– -$28.4M -346,211 Closed
AAF
704
Andra AP-fonden
Sweden
– -$10.4M -126,800 Closed
Jacobs Levy Equity Management
705
Jacobs Levy Equity Management
New Jersey
– -$5.33M -65,063 Closed
SI
706
Scout Investments
Missouri
– -$4.4M -52,277 Closed
PPW
707
Parcion Private Wealth
Washington
– -$4.19M -51,128 Closed
LG
708
Leuthold Group
Minnesota
– -$4.14M -50,486 Closed
Canada Pension Plan Investment Board
709
Canada Pension Plan Investment Board
Ontario, Canada
– -$3.93M -48,000 Closed
QIM
710
Quantitative Investment Management
Virginia
– -$3.84M -46,829 Closed
MC
711
Maverick Capital
Texas
– -$3.78M -46,176 Closed
E
712
Ergoteles
New York
– -$3.46M -42,211 Closed
CC
713
Cipher Capital
New York
– -$2.77M -33,753 Closed
SCP
714
Stamos Capital Partners
California
– -$2.27M -27,730 Closed
LIP
715
Lighthouse Investment Partners
Florida
– -$2.05M -25,000 Closed
FLPIM
716
F.L. Putnam Investment Management
Massachusetts
– -$1.91M -23,293 Closed
VIA
717
Vident Investment Advisory
Georgia
– -$1.73M -21,170 Closed
LFM
718
LGT Fund Management
Liechtenstein
– -$1.7M -20,700 Closed
Hudson Bay Capital Management
719
Hudson Bay Capital Management
Connecticut
– -$1.52M -18,489 Closed
OQS
720
Occudo Quantitative Strategies
Florida
– -$1.27M -15,523 Closed
BHB
721
Bank Hapoalim BM
Israel
– -$1.23M -14,970 Closed
DCM
722
Dupont Capital Management
Delaware
– -$1.23M -14,956 Closed
MCA
723
Magnolia Capital Advisors
Mississippi
– -$1.11M -13,497 Closed
DA
724
Duality Advisers
Florida
– -$1.09M -13,333 Closed
XT
725
XTX Topco
Cayman Islands
– -$748K -9,126 Closed
27 28
29
30 31

BBY Hedge Fund Activity: Q3 2023 in Review

699 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2023, worth a combined $12B — down 13% from $13.9B a quarter earlier.

Sellers outnumbered buyers: 87 funds closed out of BBY and 58 opened new positions — a net loss of 29 holders — while 261 trimmed existing stakes and 290 added.

The largest buyer was BlackRock, adding an estimated $126M. The largest seller was T. Rowe Price Associates, cutting an estimated $242M.

  • 699 institutional investors held Best Buy (BBY) as of Q3 2023, down from 737 in Q2 2023.
  • Funds reported $12B of Best Buy stock for Q3 2023, down 13% quarter-over-quarter.
  • 58 funds opened new Best Buy positions in Q3 2023 and 87 closed out, a net change of -29 holders.
  • The largest Best Buy buyer in Q3 2023 was BlackRock, an estimated $126M added.
  • The largest Best Buy seller in Q3 2023 was T. Rowe Price Associates, an estimated $242M sold.

Based on aggregated 13F filings for Q3 2023.