BEST BUY INC BBY
COM · Common Stock · CUSIP 086516101 · ISIN US0865161014
American multinational consumer electronics retailer
- SectorConsumer discretionary
- IndustryRetail-Radio, Tv & Consumer Electronics Stores
- HeadquartersRichfield, MN
- Founded1966
- Websitebestbuy.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($61.5m this quarter). Holder counts are more reliable. Shares outstanding: 221.3m as of 2022-12-02, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $80.35. Options: 41 managers hold calls ($480.8m notional), 37 hold puts ($735.3m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 747 |
| Q4 2022 | 780 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $352.5m | $382.6m | 1.09 |
| Q4 2022 | $480.8m | $735.3m | 1.53 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +1.5m |
| Invesco Ltd. | Added | +1.1m |
| Schonfeld Strategic Advisors LLC | Added | +970.6k |
| CITADEL ADVISORS LLC | Added | +572.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +530.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +449.4k |
| MORGAN STANLEY | Added | +402.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | New | +376.2k |
| Allianz Asset Management GmbH | Added | +361.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +360.4k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -1.5m |
| HS Management Partners, LLC | Sold out | -1.2m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.2m |
| BlackRock Inc. | Reduced | -883.2k |
| Ceredex Value Advisors LLC | Reduced | -804.0k |
| Allspring Global Investments Holdings, LLC | Reduced | -732.9k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -695.6k |
| Bahl & Gaynor LLC | Reduced | -659.6k |
| NORTHERN TRUST CORP | Reduced | -376.4k |
| Railway Pension Investments Ltd | Reduced | -361.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $127.5m1.6m shares |
| CITADEL ADVISORS LLC | Added | $109.8m1.4m shares |
| Parallax Volatility Advisers, L.P. | Added | $42.7m532.7k shares |
| UBS Group AG | Added | $26.3m328.3k shares |
| JANE STREET GROUP, LLC | Added | $25.8m321.7k shares |
| Twin Tree Management, LP | Added | $20.6m256.5k shares |
| IMC-Chicago, LLC | Reduced | $17.5m218.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $17.3m215.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $17.2m214.6k shares |
| JPMORGAN CHASE & CO | Unchanged | $13.8m172.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $148.1m1.8m shares |
| UBS Group AG | Added | $141.0m1.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $81.1m1.0m shares |
| Deer Park Road Corp | New | $64.2m800.0k shares |
| Gladius Capital Management LP | New | $48.1m600.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $36.0m448.5k shares |
| SIMPLEX TRADING, LLC | Added | $33.3m414.9k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $30.4m3.8k shares |
| ExodusPoint Capital Management, LP | New | $22.5m280.0k shares |
| Walleye Trading LLC | Added | $21.8m271.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.1% |
| STATE STREET CORP 13G · institution new · filed 2025-02-04 | 6.6% |
SCHULZE RICHARD M
13D · may seek influence
-1.1 pts · filed 2026-06-02
Stated purposeItem 4 is hereby amended and supplemented to add the following: On May 29, 2026, Mr. Schulze sold Shares into the open market. The Shares were sold as part of Mr. Schulze's personal long-term strategy for asset diversification and liquidity. Effective May 29, 2026, Mr. Schulze adopted a pre-arranged trading plan to sell Shares owned by the Reporting Persons in the open market (the "May 2026 Plan"). The Shares to be sold pursuant to the May 2026 Plan are part of Mr. Schulze's personal estate planning. The Shares to be sold are subject to the provisions of the May 2026 Plan until the May 2026 Plan expires, which is expected to occur in June 2027. Full filing |
6.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $2.1m | 2 | $645.0k | — |
| Q1 2022 | 1 | $1,000 | 13 | $7.6m | — |
| Q2 2022 | 0 | — | 11 | $6.0m | — |
| Q3 2022 | 0 | — | 6 | $2.1m | — |
| Q4 2022 | 0 | — | 2 | $201.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-12-23 | Harmon Damien EVP, Omnichannel | Sold | $200.0k2.5k shares |
| 2022-11-28 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold | $30.0m366.1k shares |
| 2022-10-17 | Eldracher Deborah DiSanzo President, Best Buy Health | Sold | $1.8k28 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 26.0m $2.1bn | Reduced -115.7k |
| BlackRock Inc. 0.05% of their portfolio | 19.4m $1.6bn | Reduced -883.2k |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 11.1m $891.2m | Reduced -273 |
| STATE STREET CORP 0.05% of their portfolio | 10.0m $813.3m | Reduced -322.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 7.5m $599.7m | Added +530.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.12% of their portfolio | 4.5m $362.9m | Added +449.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 4.2m $335.9m | Reduced -14.2k |
| Invesco Ltd. 0.08% of their portfolio | 3.3m $268.5m | Added +1.1m |
| NORTHERN TRUST CORP 0.05% of their portfolio | 3.1m $246.5m | Reduced -376.4k |
| MORGAN STANLEY 0.03% of their portfolio | 3.0m $239.0m | Added +402.9k |
| Amundi 0.13% of their portfolio | 3.0m $242.9m | Added +54.0k |
| FMR LLC 0.02% of their portfolio | 2.9m $232.7m | Reduced -89.8k |
| FIRST TRUST ADVISORS LP 0.25% of their portfolio | 2.6m $212.4m | Reduced -193.8k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.6m $205.7m | Reduced -8.2k |
| LSV ASSET MANAGEMENT 0.43% of their portfolio | 2.4m $193.4m | Reduced -15.3k |
| RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio | 2.1m $166.4m | Reduced -111.5k |
| NORGES BANK 0.04% of their portfolio | 2.0m $161.1m | Added +262.9k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.0m $159.3m | Reduced -244.7k |
| Legal & General Group Plc 0.06% of their portfolio | 2.0m $158.9m | Reduced -139.4k |
| CITADEL ADVISORS LLC 0.17% of their portfolio | 1.9m $151.3m | Added +572.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.7m $133.6m | Added +44.1k |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 1.5m $121.7m | Added +1.5m |
| Raymond James Financial Services Advisors, Inc. 0.24% of their portfolio | 1.5m $121.4m | Added +13.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $119.2m | Reduced -1.5m |
| AQR CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 1.5m $118.3m | Added +278.9k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.3m $105.6m | Added +84.5k |
| Newport Trust Company, LLC 0.27% of their portfolio | 1.2m $98.9m | Added +4.4k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.2m $98.6m | Reduced -1.2m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.1m $88.0m | Reduced -141.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 1.1m $85.4m | Reduced -57.0k |
| Schonfeld Strategic Advisors LLC 0.71% of their portfolio | 1.1m $84.6m | Added +970.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 943.9k $75.7m | Reduced -154.4k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 915.3k $73.4m | Added +192.4k |
| Swedbank AB 0.15% of their portfolio | 841.8k $67.5m | Reduced -116.2k |
| Swiss National Bank 0.05% of their portfolio | 823.6k $66.1m | Reduced -53.9k |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 785.1k $63.0m | Reduced -2.3k |
| BARCLAYS PLC 0.05% of their portfolio | 698.6k $56.0m | First filing |
| Allianz Asset Management GmbH 0.12% of their portfolio | 690.7k $55.4m | Added +361.3k |
| Bahl & Gaynor LLC 0.34% of their portfolio | 676.2k $54.2m | Reduced -659.6k |
| Ceredex Value Advisors LLC 0.80% of their portfolio | 640.3k $51.9m | Reduced -804.0k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 627.2k $50.3m | Reduced -14.6k |
| Aberdeen Group plc 0.13% of their portfolio | 613.7k $49.2m | Added +44.6k |
| Evercore Wealth Management, LLC 1.01% of their portfolio | 602.6k $48.3m | Reduced -11.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 541.1k $43.4m | Reduced -6.3k |
| INTECH INVESTMENT MANAGEMENT LLC 0.33% of their portfolio | 540.9k $43.4m | Reduced -184.5k |
| CANADA LIFE ASSURANCE Co 0.11% of their portfolio | 507.0k $40.9m | Reduced -8.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.21% of their portfolio | 496.1k $39.8m | Added +105.7k |
| Robeco Institutional Asset Management B.V. 0.11% of their portfolio | 490.3k $39.3m | Added +125.7k |
| NFJ INVESTMENT GROUP, LLC 0.98% of their portfolio | 465.0k $37.3m | Added +27.8k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 462.7k $37.1m | Reduced -20.6k |
| California Public Employees Retirement System 0.03% of their portfolio | 453.5k $36.4m | Reduced -11.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 447.2k $35.9m | Reduced -6.5k |
| UBS Group AG 0.02% of their portfolio | 443.2k $35.5m | Reduced -166.8k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 432.1k $34.7m | Reduced -44.2k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 421.9k $33.8m | Added +13.7k |
| AustralianSuper Pty Ltd 0.24% of their portfolio | 418.0k $33.6m | Added +132.3k |
| CONNING INC. 1.02% of their portfolio | 392.5k $31.4m | Reduced -66.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 391.4k $31.4m | Added +360.4k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.69% of their portfolio | 376.2k $30.2m | New |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 373.0k $29.9m | Added +6.3k |
| Candriam S.C.A. 0.20% of their portfolio | 364.2k $29.2m | Reduced -46.2k |
| US BANCORP \DE\ 0.05% of their portfolio | 357.2k $28.7m | Reduced -15.4k |
| National Pension Service 0.06% of their portfolio | 356.8k $28.6m | Reduced -19.8k |
| CITIGROUP INC 0.04% of their portfolio | 340.1k $27.3m | Reduced -102.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 337.9k $27.1m | Added +931 |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.70% of their portfolio | 333.0k $26.7m | Added +104.1k |
| Alyeska Investment Group, L.P. 0.27% of their portfolio | 327.7k $26.3m | Reduced -68.0k |
| ALPS ADVISORS INC 0.22% of their portfolio | 312.1k $25.0m | Reduced -15.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 311.3k $25.0m | Added +5.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 311.2k $25.0m | Reduced -103.7k |
| PANAGORA ASSET MANAGEMENT INC 0.15% of their portfolio | 289.0k $23.2m | Added +265.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 272.5k $21.9m | Added +79.5k |
| PUTNAM INVESTMENTS LLC 0.04% of their portfolio | 270.9k $21.7m | Reduced -3.0k |
| BROWN ADVISORY INC 0.04% of their portfolio | 268.3k $21.5m | Reduced -17.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 264.3k $21.2m | Reduced -4.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 261.6k $21.0m | Reduced -8.4k |
| TODD ASSET MANAGEMENT LLC 0.50% of their portfolio | 254.1k $20.4m | Reduced -269.8k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 244.9k $19.7m | Added +11.3k |
| GLENMEDE TRUST CO NA 0.11% of their portfolio | 234.9k $18.8m | Added +225.0k |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 230.8k $18.5m | Added +6.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 229.5k $18.4m | Added +5.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 228.6k $18.3m | Reduced -4.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.40% of their portfolio | 227.5k $18.3m | Reduced -58.7k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 219.1k $17.6m | Reduced -187.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 211.0k $16.9m | Reduced -153.2k |
| Brandywine Global Investment Management, LLC 0.13% of their portfolio | 208.7k $16.7m | Added +85.4k |
| Capital Investment Advisors, LLC 0.51% of their portfolio | 208.4k $16.7m | Added +12.1k |
| SVB WEALTH LLC 0.21% of their portfolio | 198.5k $15.9m | Reduced -10.8k |
| LGT Group Foundation 0.50% of their portfolio | 198.1k $15.9m | Added +34.9k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.16% of their portfolio | 194.6k $15.6m | Reduced -259.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 193.8k $15.5m | Reduced -10.4k |
| AVIVA PLC 0.07% of their portfolio | 188.0k $15.1m | Added +3.6k |
| TWINBEECH CAPITAL LP 0.28% of their portfolio | 185.8k $14.9m | Reduced -255.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.24% of their portfolio | 183.5k $14.7m | Reduced -7.3k |
| Sabal Trust CO 0.93% of their portfolio | 170.8k $13.7m | Reduced -21.7k |
| UNITED SERVICES AUTOMOBILE ASSOCIATION 0.31% of their portfolio | 168.3k $13.5m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 167.2k $13.7m | Added +12.9k |
| Impax Asset Management Group plc 0.06% of their portfolio | 163.9k $13.1m | Reduced -576 |
| AXA S.A. 0.05% of their portfolio | 156.7k $12.6m | Added +133.0k |
| PICTET ASSET MANAGEMENT SA 0.02% of their portfolio | 155.7k $12.5m | Added +50.8k |