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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
1IA
726
1620 Investment Advisors
Massachusetts
– -$727K -8,868 Closed
I
727
InceptionR
California
– -$697K -8,501 Closed
EP
728
Edgestream Partners
New Jersey
– -$691K -8,430 Closed
ACM
729
Alethea Capital Management
Washington
– -$592K -7,219 Closed
RI
730
Ridgewood Investments
New Jersey
– -$580K -7,072 Closed
CIAS
731
Capital Investment Advisory Services
North Carolina
– -$569K -6,948 Closed
APWM
732
Argonautica Private Wealth Management
Massachusetts
– -$557K -6,799 Closed
V
733
Veritable
Delaware
– -$540K -6,592 Closed
MC
734
Machina Capital
France
– -$538K -6,562 Closed
CIM
735
Contravisory Investment Management
Massachusetts
– -$503K -6,132 Closed
SI
736
Saxon Interests
Texas
– -$502K -6,122 Closed
AI
737
AdvisorShares Investments
Maryland
– -$433K -5,282 Closed
ASN
738
Advisory Services Network
Georgia
– -$340K -4,147 Closed
EGM
739
Engineers Gate Manager
New York
– -$335K -4,090 Closed
MWM
740
Moran Wealth Management
Florida
– -$333K -4,061 Closed
RDWM
741
Red Door Wealth Management
Tennessee
– -$304K -3,704 Closed
CAMV
742
Concord Asset Management (Virginia)
Virginia
– -$298K -3,632 Closed
BFG
743
Bleakley Financial Group
New Jersey
– -$291K -3,546 Closed
SS
744
Simplicity Solutions
Minnesota
– -$291K -3,545 Closed
LSPW
745
Lake Street Private Wealth
Illinois
– -$274K -3,340 Closed
DT
746
Diversified Trust
Tennessee
– -$270K -3,292 Closed
APA
747
Astoria Portfolio Advisors
New York
– -$264K -3,253 Closed
BC
748
Brookfield Corp
Ontario, Canada
– -$255K -3,107 Closed
MG
749
Mather Group
Illinois
– -$251K -3,065 Closed
HPM
750
Hoxton Planning & Management
West Virginia
– -$239K -2,915 Closed
28 29
30
31 32

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.