Best Buy
BBY
799 hedge funds and large institutions have $20.5B invested in Best Buy in 2020 Q4 according to their latest regulatory filings, with 134 funds opening new positions, 313 increasing their positions, 280 reducing their positions, and 73 closing their positions.
84% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 73
12% more repeat investments, than reductions
Existing positions increased: 313 | Existing positions reduced: 280
7% more funds holding
Funds holding: 746 → 799 (+53)
0.09% less ownership
Funds ownership: 78.77% → 78.67% (-0.09%)
10% less capital invested
Capital invested by funds: $22.7B → $20.5B (-$2.18B)
13% less call options, than puts
Call options by funds: $402M | Put options by funds: $464M
72% less funds holding in top 10
Funds holding in top 10: 18 → 5 (-13)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$276M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$167M |
| 3 |
Coatue Management
New York
|
+$136M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$111M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$61.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$204M |
| 2 |
Two Sigma Investments
New York
|
-$152M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$135M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$65M |
| 5 |
Man Group
London,
United Kingdom
|
-$63.4M |
BBY Hedge Fund Activity: Q4 2020 in Review
799 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q4 2020, worth a combined $20.5B — down 9.6% from $22.7B a quarter earlier.
Buyers outnumbered sellers: 134 funds opened new BBY positions and 73 closed out — a net gain of 61 holders — while 313 added to existing stakes and 280 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $276M. The largest seller was Boston Partners, cutting an estimated $204M.
- 799 institutional investors held Best Buy (BBY) as of Q4 2020, up from 746 in Q3 2020.
- Funds reported $20.5B of Best Buy stock for Q4 2020, down 9.6% quarter-over-quarter.
- 134 funds opened new Best Buy positions in Q4 2020 and 73 closed out, a net change of +61 holders.
- The largest Best Buy buyer in Q4 2020 was Fidelity Investments, an estimated $276M added.
- The largest Best Buy seller in Q4 2020 was Boston Partners, an estimated $204M sold.
Based on aggregated 13F filings for Q4 2020.