Best Buy
BBY
617 hedge funds and large institutions have $18.3B invested in Best Buy in 2018 Q3 according to their latest regulatory filings, with 79 funds opening new positions, 210 increasing their positions, 244 reducing their positions, and 58 closing their positions.
36% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 58
6% more capital invested
Capital invested by funds: $17.3B → $18.3B (+$1.01B)
2% more funds holding
Funds holding: 604 → 617 (+13)
1.01% more ownership
Funds ownership: 83.15% → 84.16% (+1%)
14% less repeat investments, than reductions
Existing positions increased: 210 | Existing positions reduced: 244
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
55% less call options, than puts
Call options by funds: $290M | Put options by funds: $638M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$191M |
| 2 |
Swedbank
Stockholm,
Sweden
|
+$171M |
| 3 |
State Street
Boston,
Massachusetts
|
+$65.9M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$61.4M |
| 5 |
Man Group
London,
United Kingdom
|
+$57.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$170M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$56M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$55.9M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$55.1M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$46.1M |
BBY Hedge Fund Activity: Q3 2018 in Review
617 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2018, worth a combined $18.3B — up 5.8% from $17.3B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new BBY positions and 58 closed out — a net gain of 21 holders — while 210 added to existing stakes and 244 trimmed.
The largest buyer was Jupiter Investment Management, adding an estimated $191M. The largest seller was Renaissance Technologies, cutting an estimated $170M.
- 617 institutional investors held Best Buy (BBY) as of Q3 2018, up from 604 in Q2 2018.
- Funds reported $18.3B of Best Buy stock for Q3 2018, up 5.8% quarter-over-quarter.
- 79 funds opened new Best Buy positions in Q3 2018 and 58 closed out, a net change of +21 holders.
- The largest Best Buy buyer in Q3 2018 was Jupiter Investment Management, an estimated $191M added.
- The largest Best Buy seller in Q3 2018 was Renaissance Technologies, an estimated $170M sold.
Based on aggregated 13F filings for Q3 2018.