Best Buy
670 hedge funds and large institutions have $18.1B invested in Best Buy in 2020 Q2 according to their latest regulatory filings, with 123 funds opening new positions, 240 increasing their positions, 242 reducing their positions, and 60 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
105% more first-time investments, than exits
New positions opened: 123 | Existing positions closed: 60
56% more capital invested
Capital invested by funds: $11.6B → $18.1B (+$6.5B)
10% more funds holding
Funds holding: 611 → 670 (+59)
0.89% more ownership
Funds ownership: 79.22% → 80.11% (+0.89%)
1% less repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 242
20% less call options, than puts
Call options by funds: $211M | Put options by funds: $265M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$272M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$126M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$76.4M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$74.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$87M |
| 2 |
Renaissance Technologies
New York
|
-$76.1M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$66.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$56.7M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$51.8M |
BBY Hedge Fund Activity: Q2 2020 in Review
670 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q2 2020, worth a combined $18.1B — up 56% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 123 funds opened new BBY positions and 60 closed out — a net gain of 63 holders — while 240 added to existing stakes and 242 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $272M. The largest seller was Janus Henderson Group, cutting an estimated $87M.
- 670 institutional investors held Best Buy (BBY) as of Q2 2020, up from 611 in Q1 2020.
- Funds reported $18.1B of Best Buy stock for Q2 2020, up 56% quarter-over-quarter.
- 123 funds opened new Best Buy positions in Q2 2020 and 60 closed out, a net change of +63 holders.
- The largest Best Buy buyer in Q2 2020 was JP Morgan Chase, an estimated $272M added.
- The largest Best Buy seller in Q2 2020 was Janus Henderson Group, an estimated $87M sold.
Based on aggregated 13F filings for Q2 2020.