Best Buy
BBY
873 hedge funds and large institutions have $18.5B invested in Best Buy in 2024 Q3 according to their latest regulatory filings, with 145 funds opening new positions, 329 increasing their positions, 303 reducing their positions, and 90 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
61% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 90
32% more call options, than puts
Call options by funds: $877M | Put options by funds: $667M
23% more capital invested
Capital invested by funds: $15B → $18.5B (+$3.51B)
5% more funds holding
Funds holding: 828 → 873 (+45)
1.22% more ownership
Funds ownership: 82.29% → 83.51% (+1.2%)
9% more repeat investments, than reductions
Existing positions increased: 329 | Existing positions reduced: 303
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$70.5M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
+$69.1M |
| 3 |
BlackRock
New York
|
+$69.1M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$69M |
| 5 |
Bank of New York Mellon
New York
|
+$45.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$124M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$68.8M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$68.5M |
| 4 |
Jane Street
New York
|
-$62.1M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$47.3M |
BBY Hedge Fund Activity: Q3 2024 in Review
873 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Best Buy (BBY) for Q3 2024, worth a combined $18.5B — up 23% from $15B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new BBY positions and 90 closed out — a net gain of 55 holders — while 329 added to existing stakes and 303 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $70.5M. The largest seller was Invesco, cutting an estimated $124M.
- 873 institutional investors held Best Buy (BBY) as of Q3 2024, up from 828 in Q2 2024.
- Funds reported $18.5B of Best Buy stock for Q3 2024, up 23% quarter-over-quarter.
- 145 funds opened new Best Buy positions in Q3 2024 and 90 closed out, a net change of +55 holders.
- The largest Best Buy buyer in Q3 2024 was Royal Bank of Canada, an estimated $70.5M added.
- The largest Best Buy seller in Q3 2024 was Invesco, an estimated $124M sold.
Based on aggregated 13F filings for Q3 2024.