Best Buy
783 hedge funds and large institutions have $14.6B invested in Best Buy in 2024 Q1 according to their latest regulatory filings, with 108 funds opening new positions, 312 increasing their positions, 272 reducing their positions, and 79 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
37% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 79
15% more repeat investments, than reductions
Existing positions increased: 312 | Existing positions reduced: 272
5% more capital invested
Capital invested by funds: $13.8B → $14.6B (+$736M)
2% more funds holding
Funds holding: 766 → 783 (+17)
1% more call options, than puts
Call options by funds: $395M | Put options by funds: $391M
0.44% more ownership
Funds ownership: 82.16% → 82.59% (+0.44%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$249M |
| 2 |
BlackRock
New York
|
+$113M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$108M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$106M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$79.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$216M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$179M |
| 3 |
JP Morgan Chase
New York
|
-$107M |
| 4 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$97.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$56.2M |
BBY Hedge Fund Activity: Q1 2024 in Review
783 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q1 2024, worth a combined $14.6B — up 5.3% from $13.8B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new BBY positions and 79 closed out — a net gain of 29 holders — while 312 added to existing stakes and 272 trimmed.
The largest buyer was State Street, adding an estimated $249M. The largest seller was Morgan Stanley, cutting an estimated $216M.
- 783 institutional investors held Best Buy (BBY) as of Q1 2024, up from 766 in Q4 2023.
- Funds reported $14.6B of Best Buy stock for Q1 2024, up 5.3% quarter-over-quarter.
- 108 funds opened new Best Buy positions in Q1 2024 and 79 closed out, a net change of +29 holders.
- The largest Best Buy buyer in Q1 2024 was State Street, an estimated $249M added.
- The largest Best Buy seller in Q1 2024 was Morgan Stanley, an estimated $216M sold.
Based on aggregated 13F filings for Q1 2024.