Best Buy
523 hedge funds and large institutions have $14.9B invested in Best Buy in 2017 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 169 increasing their positions, 237 reducing their positions, and 66 closing their positions.
0.16% more ownership
Funds ownership: 87.54% → 87.7% (+0.16%)
2% less capital invested
Capital invested by funds: $15.3B → $14.9B (-$359M)
3% less funds holding
Funds holding: 539 → 523 (-16)
13% less funds holding in top 10
Funds holding in top 10: 16 → 14 (-2)
15% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 66
29% less repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 237
41% less call options, than puts
Call options by funds: $235M | Put options by funds: $397M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$216M |
| 2 |
Two Sigma Advisers
New York
|
+$87.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$71.7M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$65.4M |
| 5 |
BlackRock
New York
|
+$57.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$111M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$101M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$83.7M |
| 4 |
Renaissance Technologies
New York
|
-$82M |
| 5 |
Neuberger Berman Group
New York
|
-$74.5M |
BBY Hedge Fund Activity: Q3 2017 in Review
523 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2017, worth a combined $14.9B — down 2.3% from $15.3B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of BBY and 56 opened new positions — a net loss of 10 holders — while 237 trimmed existing stakes and 169 added.
The largest buyer was AQR Capital Management, adding an estimated $216M. The largest seller was Deutsche Bank, cutting an estimated $111M.
- 523 institutional investors held Best Buy (BBY) as of Q3 2017, down from 539 in Q2 2017.
- Funds reported $14.9B of Best Buy stock for Q3 2017, down 2.3% quarter-over-quarter.
- 56 funds opened new Best Buy positions in Q3 2017 and 66 closed out, a net change of -10 holders.
- The largest Best Buy buyer in Q3 2017 was AQR Capital Management, an estimated $216M added.
- The largest Best Buy seller in Q3 2017 was Deutsche Bank, an estimated $111M sold.
Based on aggregated 13F filings for Q3 2017.