Best Buy
BBY
766 hedge funds and large institutions have $13.8B invested in Best Buy in 2023 Q4 according to their latest regulatory filings, with 145 funds opening new positions, 256 increasing their positions, 275 reducing their positions, and 67 closing their positions.
116% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 67
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more capital invested
Capital invested by funds: $12B → $13.8B (+$1.84B)
10% more funds holding
Funds holding: 699 → 766 (+67)
2.89% more ownership
Funds ownership: 79.26% → 82.16% (+2.9%)
0% more call options, than puts
Call options by funds: $555M | Put options by funds: $555M
7% less repeat investments, than reductions
Existing positions increased: 256 | Existing positions reduced: 275
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$221M |
| 2 |
HMP
HS Management Partners
New York
|
+$93.4M |
| 3 |
BlackRock
New York
|
+$92.2M |
| 4 |
Amundi
Paris,
France
|
+$74.4M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$51.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$194M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$62.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$59.8M |
| 4 |
D.E. Shaw & Co
New York
|
-$53.2M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$48.1M |
BBY Hedge Fund Activity: Q4 2023 in Review
766 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q4 2023, worth a combined $13.8B — up 15% from $12B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new BBY positions and 67 closed out — a net gain of 78 holders — while 256 added to existing stakes and 275 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $221M. The largest seller was T. Rowe Price Associates, cutting an estimated $194M.
- 766 institutional investors held Best Buy (BBY) as of Q4 2023, up from 699 in Q3 2023.
- Funds reported $13.8B of Best Buy stock for Q4 2023, up 15% quarter-over-quarter.
- 145 funds opened new Best Buy positions in Q4 2023 and 67 closed out, a net change of +78 holders.
- The largest Best Buy buyer in Q4 2023 was Morgan Stanley, an estimated $221M added.
- The largest Best Buy seller in Q4 2023 was T. Rowe Price Associates, an estimated $194M sold.
Based on aggregated 13F filings for Q4 2023.