Best Buy
504 hedge funds and large institutions have $13.9B invested in Best Buy in 2017 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 204 increasing their positions, 188 reducing their positions, and 74 closing their positions.
26% more call options, than puts
Call options by funds: $206M | Put options by funds: $164M
17% more capital invested
Capital invested by funds: $11.9B → $13.9B (+$1.99B)
6% more funds holding in top 10
Funds holding in top 10: 17 → 18 (+1)
2.55% more ownership
Funds ownership: 89.1% → 91.66% (+2.6%)
9% more repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 188
4% less funds holding
Funds holding: 525 → 504 (-21)
15% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$851M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$242M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$73.5M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$70.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$55.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$188M |
| 2 |
Renaissance Technologies
New York
|
-$142M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$63.5M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$58.6M |
| 5 |
Millennium Management
New York
|
-$58.5M |
BBY Hedge Fund Activity: Q1 2017 in Review
504 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q1 2017, worth a combined $13.9B — up 17% from $11.9B a quarter earlier.
Sellers outnumbered buyers: 74 funds closed out of BBY and 63 opened new positions — a net loss of 11 holders — while 188 trimmed existing stakes and 204 added.
The largest buyer was BlackRock, adding an estimated $851M. The largest seller was Fidelity Investments, cutting an estimated $188M.
- 504 institutional investors held Best Buy (BBY) as of Q1 2017, down from 525 in Q4 2016.
- Funds reported $13.9B of Best Buy stock for Q1 2017, up 17% quarter-over-quarter.
- 63 funds opened new Best Buy positions in Q1 2017 and 74 closed out, a net change of -11 holders.
- The largest Best Buy buyer in Q1 2017 was BlackRock, an estimated $851M added.
- The largest Best Buy seller in Q1 2017 was Fidelity Investments, an estimated $188M sold.
Based on aggregated 13F filings for Q1 2017.