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Best Buy
BBY

766 hedge funds and large institutions have $13.8B invested in Best Buy in 2023 Q4 according to their latest regulatory filings, with 145 funds opening new positions, 256 increasing their positions, 275 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

116% more first-time investments, than exits

New positions opened: 145 | Existing positions closed: 67

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

15% more capital invested

Capital invested by funds: $12B → $13.8B (+$1.84B)

10% more funds holding

Funds holding: 699 → 766 (+67)

2.89% more ownership

Funds ownership: 79.26% → 82.16% (+2.9%)

0% more call options, than puts

Call options by funds: $555M | Put options by funds: $555M

7% less repeat investments, than reductions

Existing positions increased: 256 | Existing positions reduced: 275

Holders
766
Holders Change
+67
Holders Change %
+9.59%
% of All Funds
11.17%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
145
Increased
256
Reduced
275
Closed
67
Calls
$555M
Puts
$555M
Net Calls
+$296K
Net Calls Change
-$33.5M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$221M
2
HMP
HS Management Partners
New York
+$93.4M
3
BlackRock
BlackRock
New York
+$92.2M
4
Amundi
Amundi
France
+$74.4M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$51.5M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$194M
2
Ameriprise
Ameriprise
Minnesota
-$62.9M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$59.8M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$53.2M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$48.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Simplex Trading
776
Simplex Trading
Illinois
– -$3.62M -51,405 Closed
MAM
777
Meeder Asset Management
Ohio
– -$2.79M -40,229 Closed
MPM
778
Meritage Portfolio Management
Kansas
– -$2.2M -31,691 Closed
AT
779
AMF Tjänstepension
Sweden
– -$1.88M -26,860 Closed
WP
780
Woodline Partners
California
– -$1.84M -26,552 Closed
HSA
781
Hussman Strategic Advisors
Maryland
– -$1.81M -26,000 Closed
SPA
782
Sherbrooke Park Advisers
New York
– -$1.79M -25,829 Closed
BCM
783
Bayesian Capital Management
New York
– -$1.35M -19,454 Closed
SO
784
STRS Ohio
Ohio
– -$1.16M -16,722 Closed
BPC
785
Banque Pictet & Cie
Switzerland
– -$1.15M -16,504 Closed
YIH
786
Y-Intercept (HK)
Hong Kong
– -$1.1M -15,802 Closed
EC
787
Estate Counselors
Wisconsin
– -$1.06M -15,290 Closed
NICM
788
Neo Ivy Capital Management
New York
– -$947K -13,636 Closed
VI
789
Versor Investments
New York
– -$882K -12,693 Closed
CIP
790
Convergence Investment Partners
Florida
– -$844K -12,143 Closed
SFS
791
Sowell Financial Services
Arkansas
– -$785K -11,145 Closed
APWA
792
Atlas Private Wealth Advisors
New Jersey
– -$772K -11,110 Closed
VRM
793
Vectors Research Management
New York
– -$654K -9,967 Closed
DFCM
794
Dark Forest Capital Management
Puerto Rico
– -$686K -9,873 Closed
CC
795
Courier Capital
New York
– -$653K -9,393 Closed
AC
796
AXQ Capital
New Jersey
– -$632K -9,100 Closed
CC
797
Centiva Capital
New York
– -$627K -9,023 Closed
ECU
798
Eisler Capital (US)
New York
– -$589K -8,364 Closed
CAM
799
Covenant Asset Management
New Jersey
– -$491K -7,065 Closed
CM
800
Capula Management
Cayman Islands
– -$490K -7,060 Closed
30 31
32
33 34

BBY Hedge Fund Activity: Q4 2023 in Review

766 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q4 2023, worth a combined $13.8B — up 15% from $12B a quarter earlier.

Buyers outnumbered sellers: 145 funds opened new BBY positions and 67 closed out — a net gain of 78 holders — while 256 added to existing stakes and 275 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $221M. The largest seller was T. Rowe Price Associates, cutting an estimated $194M.

  • 766 institutional investors held Best Buy (BBY) as of Q4 2023, up from 699 in Q3 2023.
  • Funds reported $13.8B of Best Buy stock for Q4 2023, up 15% quarter-over-quarter.
  • 145 funds opened new Best Buy positions in Q4 2023 and 67 closed out, a net change of +78 holders.
  • The largest Best Buy buyer in Q4 2023 was Morgan Stanley, an estimated $221M added.
  • The largest Best Buy seller in Q4 2023 was T. Rowe Price Associates, an estimated $194M sold.

Based on aggregated 13F filings for Q4 2023.