Best Buy
746 hedge funds and large institutions have $22.7B invested in Best Buy in 2020 Q3 according to their latest regulatory filings, with 122 funds opening new positions, 271 increasing their positions, 270 reducing their positions, and 42 closing their positions.
350% more funds holding in top 10
Funds holding in top 10: 4 → 18 (+14)
190% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 42
26% more capital invested
Capital invested by funds: $18.1B → $22.7B (+$4.61B)
11% more funds holding
Funds holding: 670 → 746 (+76)
4% more call options, than puts
Call options by funds: $377M | Put options by funds: $361M
0% more repeat investments, than reductions
Existing positions increased: 271 | Existing positions reduced: 270
1.34% less ownership
Funds ownership: 80.11% → 78.77% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$126M |
| 2 |
JP Morgan Chase
New York
|
+$125M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$71.8M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$61.3M |
| 5 |
Holocene Advisors
New York
|
+$50.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$549M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$125M |
| 3 |
Renaissance Technologies
New York
|
-$90.6M |
| 4 |
AIG
American International Group
New York
|
-$74.3M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$69.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KPW
776
Kore Private Wealth
New York
| – | -$45K | -522 | Closed |
|
|
MA
777
Modus Advisors
Excelsior,
Minnesota
| – | -$45K | -520 | Closed |
|
|
PA
778
Procyon Advisors
Shelton,
Connecticut
| – | -$24K | -273 | Closed |
|
|
BL
779
Balentine LLC
Atlanta,
Georgia
| – | -$17K | -195 | Closed |
|
|
SCA
780
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$14K | -157 | Closed |
|
|
THWM
781
Taylor Hoffman Wealth Management
Richmond,
Virginia
| – | -$7K | -83 | Closed |
|
|
PIMG
782
Patriot Investment Management Group
Knoxville,
Tennessee
| – | -$6.37K | -73 | Closed |
|
|
GI
783
GS Investments
Minneapolis,
Minnesota
| – | -$4.36K | -50 | Closed |
|
|
MPWT
784
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$3K | -33 | Closed |
|
|
IWP
785
IAG Wealth Partners
Waukesha,
Wisconsin
| – | -$3K | -27 | Closed |
|
786
ClearBridge Investments
New York
| – | -$1K | -14 | Closed |
|
|
ME
787
McIlrath & Eck
Arlington,
Washington
| – | -$1K | -12 | Closed |
|
BBY Hedge Fund Activity: Q3 2020 in Review
746 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2020, worth a combined $22.7B — up 26% from $18.1B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new BBY positions and 42 closed out — a net gain of 80 holders — while 271 added to existing stakes and 270 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $126M. The largest seller was Fidelity Investments, cutting an estimated $549M.
- 746 institutional investors held Best Buy (BBY) as of Q3 2020, up from 670 in Q2 2020.
- Funds reported $22.7B of Best Buy stock for Q3 2020, up 26% quarter-over-quarter.
- 122 funds opened new Best Buy positions in Q3 2020 and 42 closed out, a net change of +80 holders.
- The largest Best Buy buyer in Q3 2020 was Two Sigma Investments, an estimated $126M added.
- The largest Best Buy seller in Q3 2020 was Fidelity Investments, an estimated $549M sold.
Based on aggregated 13F filings for Q3 2020.