Best Buy
BBY
745 hedge funds and large institutions have $11.2B invested in Best Buy in 2022 Q3 according to their latest regulatory filings, with 90 funds opening new positions, 266 increasing their positions, 280 reducing their positions, and 103 closing their positions.
5% less repeat investments, than reductions
Existing positions increased: 266 | Existing positions reduced: 280
8% less call options, than puts
Call options by funds: $352M | Put options by funds: $383M
1.85% less ownership
Funds ownership: 80.42% → 78.57% (-1.9%)
3% less funds holding
Funds holding: 766 → 745 (-21)
5% less capital invested
Capital invested by funds: $11.8B → $11.2B (-$603M)
13% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 103
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$156M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$107M |
| 3 |
State Street
Boston,
Massachusetts
|
+$86.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$61.9M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$51.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$117M |
| 2 |
Millennium Management
New York
|
-$103M |
| 3 |
HMP
HS Management Partners
New York
|
-$65.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$59.7M |
| 5 |
JP Morgan Chase
New York
|
-$51.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFG
826
Steward Financial Group
Colleyville,
Texas
| – | -$2K | -36 | Closed |
|
|
IHWM
827
Iron Horse Wealth Management
Johston,
Iowa
| – | -$2K | -35 | Closed |
|
|
YAL
828
Your Advocates Ltd
Houston,
Texas
| – | -$2K | -35 | Closed |
|
|
CCM
829
Cribstone Capital Management
Augusta,
Maine
| – | -$2K | -31 | Closed |
|
|
1IA
830
1834 Investment Advisors
Milwaukee,
Wisconsin
| – | -$2K | -28 | Closed |
|
831
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$1K | -16 | Closed |
|
|
FBC
832
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$1K | -14 | Closed |
|
|
IAS
833
IMA Advisory Services
Denver,
Colorado
| – | +$74 | +1 | New |
|
|
HWMA
834
Heritage Wealth Management (Arizona)
Phoenix,
Arizona
| – | +$370 | +5 | New |
|
|
CB
835
Community Bank
Dewitt,
New York
| – | +$518 | +7 | New |
|
|
DWA
836
Delos Wealth Advisors
Dallas,
Texas
| – | +$518 | +7 | New |
|
|
CA
837
Cetera Advisors
Denver,
Colorado
| – | +$387K | +5,232 | New |
|
BBY Hedge Fund Activity: Q3 2022 in Review
745 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2022, worth a combined $11.2B — down 5.1% from $11.8B a quarter earlier.
Sellers outnumbered buyers: 103 funds closed out of BBY and 90 opened new positions — a net loss of 13 holders — while 280 trimmed existing stakes and 266 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $156M. The largest seller was Renaissance Technologies, cutting an estimated $117M.
- 745 institutional investors held Best Buy (BBY) as of Q3 2022, down from 766 in Q2 2022.
- Funds reported $11.2B of Best Buy stock for Q3 2022, down 5.1% quarter-over-quarter.
- 90 funds opened new Best Buy positions in Q3 2022 and 103 closed out, a net change of -13 holders.
- The largest Best Buy buyer in Q3 2022 was T. Rowe Price Associates, an estimated $156M added.
- The largest Best Buy seller in Q3 2022 was Renaissance Technologies, an estimated $117M sold.
Based on aggregated 13F filings for Q3 2022.