Best Buy
BBY
789 hedge funds and large institutions have $20.4B invested in Best Buy in 2021 Q3 according to their latest regulatory filings, with 94 funds opening new positions, 336 increasing their positions, 272 reducing their positions, and 62 closing their positions.
52% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 62
44% more call options, than puts
Call options by funds: $944M | Put options by funds: $654M
24% more repeat investments, than reductions
Existing positions increased: 336 | Existing positions reduced: 272
3% more funds holding
Funds holding: 763 → 789 (+26)
0.33% less ownership
Funds ownership: 78.97% → 78.64% (-0.33%)
10% less capital invested
Capital invested by funds: $22.6B → $20.4B (-$2.17B)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$203M |
| 2 |
BlackRock
New York
|
+$129M |
| 3 |
JP Morgan Chase
New York
|
+$57.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$48.9M |
| 5 |
HMP
HS Management Partners
New York
|
+$46.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$290M |
| 2 |
Two Sigma Advisers
New York
|
-$141M |
| 3 |
AIG
American International Group
New York
|
-$134M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$88.4M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$68.4M |
BBY Hedge Fund Activity: Q3 2021 in Review
789 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2021, worth a combined $20.4B — down 9.6% from $22.6B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new BBY positions and 62 closed out — a net gain of 32 holders — while 336 added to existing stakes and 272 trimmed.
The largest buyer was Franklin Resources, adding an estimated $203M. The largest seller was Fidelity Investments, cutting an estimated $290M.
- 789 institutional investors held Best Buy (BBY) as of Q3 2021, up from 763 in Q2 2021.
- Funds reported $20.4B of Best Buy stock for Q3 2021, down 9.6% quarter-over-quarter.
- 94 funds opened new Best Buy positions in Q3 2021 and 62 closed out, a net change of +32 holders.
- The largest Best Buy buyer in Q3 2021 was Franklin Resources, an estimated $203M added.
- The largest Best Buy seller in Q3 2021 was Fidelity Investments, an estimated $290M sold.
Based on aggregated 13F filings for Q3 2021.