Best Buy
BBY
488 hedge funds and large institutions have $10.6B invested in Best Buy in 2016 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 164 increasing their positions, 192 reducing their positions, and 35 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 3 → 12 (+9)
91% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 35
23% more capital invested
Capital invested by funds: $8.6B → $10.6B (+$2B)
6% more funds holding
Funds holding: 459 → 488 (+29)
0.96% more ownership
Funds ownership: 87.21% → 88.17% (+0.96%)
9% less call options, than puts
Call options by funds: $204M | Put options by funds: $223M
15% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 192
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$126M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$60.1M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$56.9M |
| 4 |
Millennium Management
New York
|
+$53.4M |
| 5 |
Two Sigma Investments
New York
|
+$51.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$208M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$117M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$115M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$68.3M |
| 5 |
AIM
Assured Investment Management
New York
|
-$56.5M |
BBY Hedge Fund Activity: Q3 2016 in Review
488 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2016, worth a combined $10.6B — up 23% from $8.6B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new BBY positions and 35 closed out — a net gain of 32 holders — while 164 added to existing stakes and 192 trimmed.
The largest buyer was Ameriprise, adding an estimated $126M. The largest seller was JP Morgan Chase, cutting an estimated $208M.
- 488 institutional investors held Best Buy (BBY) as of Q3 2016, up from 459 in Q2 2016.
- Funds reported $10.6B of Best Buy stock for Q3 2016, up 23% quarter-over-quarter.
- 67 funds opened new Best Buy positions in Q3 2016 and 35 closed out, a net change of +32 holders.
- The largest Best Buy buyer in Q3 2016 was Ameriprise, an estimated $126M added.
- The largest Best Buy seller in Q3 2016 was JP Morgan Chase, an estimated $208M sold.
Based on aggregated 13F filings for Q3 2016.