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Best Buy
BBY

828 hedge funds and large institutions have $15B invested in Best Buy in 2024 Q2 according to their latest regulatory filings, with 137 funds opening new positions, 322 increasing their positions, 273 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 137 | Existing positions closed: 77

32% more call options, than puts

Call options by funds: $752M | Put options by funds: $568M

18% more repeat investments, than reductions

Existing positions increased: 322 | Existing positions reduced: 273

6% more funds holding

Funds holding: 783 → 828 (+45)

3% more capital invested

Capital invested by funds: $14.6B → $15B (+$379M)

0.31% less ownership

Funds ownership: 82.59% → 82.29% (-0.31%)

83% less funds holding in top 10

Funds holding in top 10: 6 → 1 (-5)

Holders
828
Holders Change
+45
Holders Change %
+5.75%
% of All Funds
11.96%
Holding in Top 10
1
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-83.33%
% of All Funds
0.01%
New
137
Increased
322
Reduced
273
Closed
77
Calls
$752M
Puts
$568M
Net Calls
+$184M
Net Calls Change
+$180M

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$218M
2
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$114M
3
EAM
Eagle Asset Management
Florida
+$98.7M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$85.3M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$81.4M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$380M
2
Pacer Advisors
Pacer Advisors
Pennsylvania
-$200M
3
BlackRock
BlackRock
New York
-$122M
4
Amundi
Amundi
France
-$68.6M
5
KBC Group
KBC Group
Belgium
-$68.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
776
Arrow Financial
New York
$4.13K – – –
CFO
777
CVA Family Office
Colorado
$4.13K +$2.3K +29 +145%
NS
778
NBC Securities
Alabama
$4K – – –
WPA
779
West Paces Advisors
Georgia
$3.79K – – –
SIC
780
SJS Investment Consulting
Ohio
$3.71K – – –
RDIA
781
RE Dickinson Investment Advisors
Iowa
$3.54K – – –
CWC
782
Carolinas Wealth Consulting
North Carolina
$3.46K +$556 +7 +21%
GI
783
Gradient Investments
Minnesota
$3.37K -$1.03K -13 -25%
PGAM
784
Princeton Global Asset Management
New Jersey
$3.37K – – –
W
785
WealthCollab
Washington
$3.37K – – –
DPW
786
DiNuzzo Private Wealth
Pennsylvania
$3.37K +$476 +6 +18%
VWA
787
Valued Wealth Advisors
Utah
$3.31K – – –
SSB
788
Sandy Spring Bank
Maryland
$3.14K +$2.94K +37 New
CAL
789
Capital Analysts LLC
Pennsylvania
$3K -$55K -693 -95%
CA
790
Centerpoint Advisors
Massachusetts
$3K – – –
CFG
791
CKW Financial Group
Hawaii
$3K – – –
TSWM
792
Tyler-Stone Wealth Management
Ohio
$2.95K – – –
HI
793
Hoey Investments
Pennsylvania
$2.87K – – –
AA
794
Ancora Advisors
Ohio
$2.87K +$2.7K +34 New
CCM
795
Chilton Capital Management
Texas
$2.87K +$2.7K +34 New
HIA
796
Harbor Investment Advisory
Maryland
$2.78K -$715 -9 -21%
OWA
797
Opal Wealth Advisors
New York
$2.7K +$2.54K +32 New
RTL
798
Red Tortoise LLC
Georgia
$2.53K – – –
HGA
799
Hobbs Group Advisors
South Carolina
$2.53K +$2.38K +30 New
PA
800
Pineridge Advisors
Missouri
$2.45K – – –
30 31
32
33 34

BBY Hedge Fund Activity: Q2 2024 in Review

828 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q2 2024, worth a combined $15B — up 2.6% from $14.6B a quarter earlier.

Buyers outnumbered sellers: 137 funds opened new BBY positions and 77 closed out — a net gain of 60 holders — while 322 added to existing stakes and 273 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $218M. The largest seller was JP Morgan Chase, cutting an estimated $380M.

  • 828 institutional investors held Best Buy (BBY) as of Q2 2024, up from 783 in Q1 2024.
  • Funds reported $15B of Best Buy stock for Q2 2024, up 2.6% quarter-over-quarter.
  • 137 funds opened new Best Buy positions in Q2 2024 and 77 closed out, a net change of +60 holders.
  • The largest Best Buy buyer in Q2 2024 was D.E. Shaw & Co, an estimated $218M added.
  • The largest Best Buy seller in Q2 2024 was JP Morgan Chase, an estimated $380M sold.

Based on aggregated 13F filings for Q2 2024.