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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
BRWA
751
B. Riley Wealth Advisors
Florida
– -$233K -2,842 Closed
Wellington Management Group
752
Wellington Management Group
Massachusetts
– -$224K -2,729 Closed
EHWM
753
Eads & Heald Wealth Management
Georgia
– -$222K -2,709 Closed
I
754
IMPACTfolio
Colorado
– -$222K -2,703 Closed
CG
755
Caprock Group
Idaho
– -$222K -2,676 Closed
BTWM
756
Baker Tilly Wealth Management
Wisconsin
– -$219K -2,671 Closed
CGL
757
Clarius Group LLC
Washington
– -$219K -2,671 Closed
GL
758
Graypoint LLC
New York
– -$218K -2,663 Closed
PVI
759
Pine Valley Investments
New Jersey
– -$217K -2,644 Closed
BJL
760
Brighton Jones LLC
Washington
– -$213K -2,602 Closed
FMAEN1
761
Fund Management at Engine No 1
California
– -$208K -2,535 Closed
GCM
762
Genus Capital Management
British Columbia, Canada
– -$207K -2,524 Closed
PI
763
PGGM Investments
Netherlands
– -$187K -2,280 Closed
N
764
Natixis
France
– -$163K -1,987 Closed
ETC
765
Exchange Traded Concepts
Oklahoma
– -$136K -1,658 Closed
AS
766
AM Squared
Hong Kong
– -$90.1K -1,100 Closed
HFM
767
Harvest Fund Management
China
– -$57K -693 Closed
HIIFS
768
Harel Insurance Investments & Financial Services
Israel
– -$33K -400 Closed
ICM
769
Islay Capital Management
Texas
– -$26.3K -321 Closed
BWP
770
Baldwin Wealth Partners
Massachusetts
– -$24.6K -300 Closed
HS
771
Horan Securities
United States
– -$24.5K -299 Closed
SSG
772
Summit Securities Group
New York
– -$21K -254 Closed
MIH
773
Meitav Investment House
Israel
– -$14.6K -177 Closed
CFO
774
CVA Family Office
Colorado
– -$12.7K -155 Closed
UIA
775
Ulland Investment Advisors
Minnesota
– -$12K -150 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.