Best Buy
410 hedge funds and large institutions have $9.31B invested in Best Buy in 2014 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 167 increasing their positions, 135 reducing their positions, and 41 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
32% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 41
24% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 135
11% more capital invested
Capital invested by funds: $8.4B → $9.31B (+$915M)
3% more funds holding
Funds holding: 397 → 410 (+13)
1.66% more ownership
Funds ownership: 77.66% → 79.32% (+1.7%)
22% less call options, than puts
Call options by funds: $309M | Put options by funds: $397M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$123M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$65.9M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$57.7M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$54.8M |
| 5 |
Millennium Management
New York
|
+$50.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$108M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$105M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$94.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$82M |
| 5 |
IIM
Ivory Investment Management
New York
|
-$53.2M |
BBY Hedge Fund Activity: Q3 2014 in Review
410 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2014, worth a combined $9.31B — up 11% from $8.4B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new BBY positions and 41 closed out — a net gain of 13 holders — while 167 added to existing stakes and 135 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $123M. The largest seller was Fidelity Investments, cutting an estimated $108M.
- 410 institutional investors held Best Buy (BBY) as of Q3 2014, up from 397 in Q2 2014.
- Funds reported $9.31B of Best Buy stock for Q3 2014, up 11% quarter-over-quarter.
- 54 funds opened new Best Buy positions in Q3 2014 and 41 closed out, a net change of +13 holders.
- The largest Best Buy buyer in Q3 2014 was Fidelity International, an estimated $123M added.
- The largest Best Buy seller in Q3 2014 was Fidelity Investments, an estimated $108M sold.
Based on aggregated 13F filings for Q3 2014.