Best Buy
BBY
610 hedge funds and large institutions have $15.9B invested in Best Buy in 2019 Q2 according to their latest regulatory filings, with 76 funds opening new positions, 222 increasing their positions, 231 reducing their positions, and 88 closing their positions.
6% more capital invested
Capital invested by funds: $15B → $15.9B (+$905M)
0.95% less ownership
Funds ownership: 79.43% → 78.47% (-0.95%)
4% less repeat investments, than reductions
Existing positions increased: 222 | Existing positions reduced: 231
3% less funds holding
Funds holding: 632 → 610 (-22)
14% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 88
34% less call options, than puts
Call options by funds: $161M | Put options by funds: $245M
78% less funds holding in top 10
Funds holding in top 10: 9 → 2 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$255M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$221M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$96.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$69.3M |
| 5 |
BlackRock
New York
|
+$53.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$138M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$128M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$87.5M |
| 4 |
D.E. Shaw & Co
New York
|
-$72.8M |
| 5 |
Millennium Management
New York
|
-$56.7M |
BBY Hedge Fund Activity: Q2 2019 in Review
610 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q2 2019, worth a combined $15.9B — up 6% from $15B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of BBY and 76 opened new positions — a net loss of 12 holders — while 231 trimmed existing stakes and 222 added.
The largest buyer was Invesco, adding an estimated $255M. The largest seller was Goldman Sachs, cutting an estimated $138M.
- 610 institutional investors held Best Buy (BBY) as of Q2 2019, down from 632 in Q1 2019.
- Funds reported $15.9B of Best Buy stock for Q2 2019, up 6% quarter-over-quarter.
- 76 funds opened new Best Buy positions in Q2 2019 and 88 closed out, a net change of -12 holders.
- The largest Best Buy buyer in Q2 2019 was Invesco, an estimated $255M added.
- The largest Best Buy seller in Q2 2019 was Goldman Sachs, an estimated $138M sold.
Based on aggregated 13F filings for Q2 2019.