Best Buy
BBY
527 hedge funds and large institutions have $11.9B invested in Best Buy in 2016 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 180 increasing their positions, 194 reducing their positions, and 51 closing their positions.
94% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 51
42% more funds holding in top 10
Funds holding in top 10: 12 → 17 (+5)
12% more capital invested
Capital invested by funds: $10.6B → $11.9B (+$1.32B)
8% more funds holding
Funds holding: 488 → 527 (+39)
0.86% more ownership
Funds ownership: 88.17% → 89.02% (+0.86%)
7% less repeat investments, than reductions
Existing positions increased: 180 | Existing positions reduced: 194
40% less call options, than puts
Call options by funds: $164M | Put options by funds: $273M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
+$449M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$89.1M |
| 3 |
Morgan Stanley
New York
|
+$77.2M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$55.7M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$45.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$206M |
| 2 |
JP Morgan Chase
New York
|
-$184M |
| 3 |
Two Sigma Investments
New York
|
-$135M |
| 4 |
Bank of New York Mellon
New York
|
-$112M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$112M |
BBY Hedge Fund Activity: Q4 2016 in Review
527 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q4 2016, worth a combined $11.9B — up 12% from $10.6B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new BBY positions and 51 closed out — a net gain of 48 holders — while 180 added to existing stakes and 194 trimmed.
The largest buyer was American International Group, adding an estimated $449M. The largest seller was Skandinaviska Enskilda Banken (SEB), exiting entirely with an estimated $206M sold.
- 527 institutional investors held Best Buy (BBY) as of Q4 2016, up from 488 in Q3 2016.
- Funds reported $11.9B of Best Buy stock for Q4 2016, up 12% quarter-over-quarter.
- 99 funds opened new Best Buy positions in Q4 2016 and 51 closed out, a net change of +48 holders.
- The largest Best Buy buyer in Q4 2016 was American International Group, an estimated $449M added.
- The largest Best Buy seller in Q4 2016 was Skandinaviska Enskilda Banken (SEB), an estimated $206M sold.
Based on aggregated 13F filings for Q4 2016.