Best Buy
BBY
777 hedge funds and large institutions have $13.4B invested in Best Buy in 2023 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 297 increasing their positions, 278 reducing their positions, and 77 closing their positions.
25% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 77
2.47% more ownership
Funds ownership: 76.55% → 79.02% (+2.5%)
7% more repeat investments, than reductions
Existing positions increased: 297 | Existing positions reduced: 278
0% more funds holding
Funds holding: 776 → 777 (+1)
1% less capital invested
Capital invested by funds: $13.6B → $13.4B (-$176M)
18% less call options, than puts
Call options by funds: $352M | Put options by funds: $427M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$198M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$111M |
| 3 |
Renaissance Technologies
New York
|
+$100M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$67.7M |
| 5 |
Goldman Sachs
New York
|
+$49.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$148M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$142M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$84.9M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$63.5M |
| 5 |
JP Morgan Chase
New York
|
-$57M |
BBY Hedge Fund Activity: Q1 2023 in Review
777 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q1 2023, worth a combined $13.4B — down 1.3% from $13.6B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new BBY positions and 77 closed out — a net gain of 19 holders — while 297 added to existing stakes and 278 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $198M. The largest seller was First Trust Advisors, cutting an estimated $148M.
- 777 institutional investors held Best Buy (BBY) as of Q1 2023, up from 776 in Q4 2022.
- Funds reported $13.4B of Best Buy stock for Q1 2023, down 1.3% quarter-over-quarter.
- 96 funds opened new Best Buy positions in Q1 2023 and 77 closed out, a net change of +19 holders.
- The largest Best Buy buyer in Q1 2023 was T. Rowe Price Associates, an estimated $198M added.
- The largest Best Buy seller in Q1 2023 was First Trust Advisors, an estimated $148M sold.
Based on aggregated 13F filings for Q1 2023.