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Best Buy
BBY

789 hedge funds and large institutions have $20.4B invested in Best Buy in 2021 Q3 according to their latest regulatory filings, with 94 funds opening new positions, 336 increasing their positions, 272 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 62

44% more call options, than puts

Call options by funds: $944M | Put options by funds: $654M

24% more repeat investments, than reductions

Existing positions increased: 336 | Existing positions reduced: 272

3% more funds holding

Funds holding: 763 → 789 (+26)

0.33% less ownership

Funds ownership: 78.97% → 78.64% (-0.33%)

10% less capital invested

Capital invested by funds: $22.6B → $20.4B (-$2.17B)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
789
Holders Change
+26
Holders Change %
+3.41%
% of All Funds
13.81%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
94
Increased
336
Reduced
272
Closed
62
Calls
$944M
Puts
$654M
Net Calls
+$290M
Net Calls Change
+$449M

Top Buyers

1
Franklin Resources
Franklin Resources
California
+$203M
2
BlackRock
BlackRock
New York
+$129M
3
JP Morgan Chase
JP Morgan Chase
New York
+$57.8M
4
Bank of America
Bank of America
North Carolina
+$48.9M
5
HMP
HS Management Partners
New York
+$46.3M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$290M
2
Two Sigma Advisers
Two Sigma Advisers
New York
-$141M
3
AIG
American International Group
New York
-$134M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$88.4M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$68.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.97B -$18.1M -160,692 -0.6%
BlackRock
2
BlackRock
New York
$2.25B +$129M +1,145,767 +6%
JP Morgan Chase
3
JP Morgan Chase
New York
$1.22B +$57.8M +514,656 +5%
State Street
4
State Street
Massachusetts
$1.08B -$26.5M -235,628 -2%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$1.05B -$290M -2,580,066 -21%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$466M +$28.9M +257,611 +6%
Northern Trust
7
Northern Trust
Illinois
$393M +$29.5M +262,174 +8%
Bank of America
8
Bank of America
North Carolina
$383M +$48.9M +435,271 +14%
Charles Schwab
9
Charles Schwab
California
$352M +$24.4M +217,101 +7%
Ameriprise
10
Ameriprise
Minnesota
$340M +$5.66M +50,357 +2%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$332M +$5.06M +45,000 +1%
Wells Fargo
12
Wells Fargo
California
$309M -$3.98M -35,420 -1%
Janus Henderson Group
13
Janus Henderson Group
United Kingdom
$288M -$13M -115,704 -4%
Amundi
14
Amundi
France
$267M +$18.1M +161,245 +7%
Legal & General Group
15
Legal & General Group
United Kingdom
$265M +$9.79M +87,124 +4%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$263M -$6.83M -60,813 -2%
Norges Bank
17
Norges Bank
Norway
$260M -$18.1M -160,956 -6%
LSV Asset Management
18
LSV Asset Management
Illinois
$253M -$14.4M -127,850 -5%
HMP
19
HS Management Partners
New York
$219M +$46.3M +411,970 +25%
RJA
20
Raymond James & Associates
Florida
$219M +$8.61M +76,670 +4%
Franklin Resources
21
Franklin Resources
California
$209M +$203M +1,806,513 +1,039%
UBS AM
22
UBS AM
Illinois
$190M +$339K +3,021 +0.2%
Sumitomo Mitsui Trust Group
23
Sumitomo Mitsui Trust Group
Japan
$180M -$23.6K -210 -0%
AQR Capital Management
24
AQR Capital Management
Connecticut
$177M -$88.4M -786,520 -32%
Goldman Sachs
25
Goldman Sachs
New York
$159M +$37.6M +334,304 +29%
1
2 3 4 5

BBY Hedge Fund Activity: Q3 2021 in Review

789 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2021, worth a combined $20.4B — down 9.6% from $22.6B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new BBY positions and 62 closed out — a net gain of 32 holders — while 336 added to existing stakes and 272 trimmed.

The largest buyer was Franklin Resources, adding an estimated $203M. The largest seller was Fidelity Investments, cutting an estimated $290M.

  • 789 institutional investors held Best Buy (BBY) as of Q3 2021, up from 763 in Q2 2021.
  • Funds reported $20.4B of Best Buy stock for Q3 2021, down 9.6% quarter-over-quarter.
  • 94 funds opened new Best Buy positions in Q3 2021 and 62 closed out, a net change of +32 holders.
  • The largest Best Buy buyer in Q3 2021 was Franklin Resources, an estimated $203M added.
  • The largest Best Buy seller in Q3 2021 was Fidelity Investments, an estimated $290M sold.

Based on aggregated 13F filings for Q3 2021.