Best Buy
416 hedge funds and large institutions have $10B invested in Best Buy in 2013 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 120 increasing their positions, 173 reducing their positions, and 45 closing their positions.
73% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 45
42% more capital invested
Capital invested by funds: $7.08B → $10B (+$2.95B)
8% more funds holding
Funds holding: 386 → 416 (+30)
2.14% more ownership
Funds ownership: 76.15% → 78.29% (+2.1%)
19% less call options, than puts
Call options by funds: $220M | Put options by funds: $273M
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
31% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 173
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$210M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$119M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$110M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$76.5M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$61.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$177M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$101M |
| 3 |
N
Natixis
Paris,
France
|
-$59.9M |
| 4 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$58.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$56.4M |
BBY Hedge Fund Activity: Q3 2013 in Review
416 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2013, worth a combined $10B — up 42% from $7.08B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new BBY positions and 45 closed out — a net gain of 33 holders — while 120 added to existing stakes and 173 trimmed.
The largest buyer was AJO LP, adding an estimated $210M. The largest seller was Winslow Capital Management, cutting an estimated $177M.
- 416 institutional investors held Best Buy (BBY) as of Q3 2013, up from 386 in Q2 2013.
- Funds reported $10B of Best Buy stock for Q3 2013, up 42% quarter-over-quarter.
- 78 funds opened new Best Buy positions in Q3 2013 and 45 closed out, a net change of +33 holders.
- The largest Best Buy buyer in Q3 2013 was AJO LP, an estimated $210M added.
- The largest Best Buy seller in Q3 2013 was Winslow Capital Management, an estimated $177M sold.
Based on aggregated 13F filings for Q3 2013.