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 ($29.7m this quarter). Holder counts are more reliable. Shares outstanding: 218.2m as of 2023-05-31, 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 ≈ $81.96. Options: 36 managers hold calls ($423.8m notional), 33 hold puts ($395.9m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 747 |
| Q4 2022 | 780 |
| Q1 2023 | 782 |
| Q2 2023 | 740 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 348 | 383 |
| Q1 2023 | 390 | 356 |
| Q2 2023 | 349 | 394 |
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 |
| Q1 2023 | $351.5m | $427.0m | 1.21 |
| Q2 2023 | $423.8m | $395.9m | 0.93 |
Biggest buyers
| Pacer Advisors, Inc. | Added | +1.6m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| BlackRock Inc. | Added | +778.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +451.4k |
| Amundi | Added | +392.6k |
| AMERIPRISE FINANCIAL INC | Added | +392.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +291.8k |
| Balyasny Asset Management L.P. | Added | +276.1k |
| Squarepoint Ops LLC | New | +267.2k |
| UBS Group AG | Added | +262.6k |
Biggest sellers
| FMR LLC | Reduced | -3.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.0m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -891.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -881.5k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -729.0k |
| Alyeska Investment Group, L.P. | Sold out | -522.8k |
| BANK OF AMERICA CORP /DE/ | Reduced | -407.7k |
| HRT FINANCIAL LP | Sold out | -400.9k |
| GOLDMAN SACHS GROUP INC | Reduced | -370.8k |
| VANGUARD GROUP INC | Reduced | -356.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $136.3m1.7m shares |
| CITADEL ADVISORS LLC | Added | $51.3m625.7k shares |
| Twin Tree Management, LP | Reduced | $50.0m610.2k shares |
| Walleye Trading LLC | Reduced | $27.0m329.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.7m204.0k shares |
| IMC-Chicago, LLC | Added | $13.1m160.1k shares |
| BANK OF MONTREAL /CAN/ | New | $12.6m151.4k shares |
| JPMORGAN CHASE & CO | Added | $11.5m140.0k shares |
| Walleye Capital LLC | Added | $11.4m138.6k shares |
| JANE STREET GROUP, LLC | Reduced | $11.3m137.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $129.1m1.6m shares |
| CITADEL ADVISORS LLC | Reduced | $33.9m413.3k shares |
| PEAK6 Investments LLC | Added | $31.7m387.1k shares |
| Portman Square Capital LLP | Added | $26.9m327.7k shares |
| SIMPLEX TRADING, LLC | Added | $21.3m260.3k shares |
| Saba Capital Management, L.P. | Unchanged | $18.0m220.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $17.3m2.1k shares |
| GOLDMAN SACHS GROUP INC | Added | $13.6m166.4k shares |
| IMC-Chicago, LLC | Reduced | $12.8m155.8k shares |
| Walleye Trading LLC | Added | $12.5m152.4k 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 Q2 2023
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2023 | 0 | — | 6 | $5.2m | — |
| Q2 2023 | 0 | — | 7 | $2.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-27 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold | $16.6m200.0k shares |
| 2023-06-27 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold | $4.1m50.0k shares |
| 2023-06-01 | Barry Corie S CEO, director | Sold | $1.2m17.4k shares |
| 2023-06-01 | Bilunas Matthew M Chief Financial Officer | Sold | $287.1k4.0k shares |
| 2023-06-01 | Scarlett Kathleen EVP, HR and Best Buy Canada | Sold | $179.6k2.5k shares |
| 2023-06-01 | Hartman Todd G. GC, Chief Risk Officer | Sold | $179.6k2.5k shares |
| 2023-06-01 | Bonfig Jason J Chief Merchandising Officer | Sold | $81.6k1.1k shares |
| 2023-06-01 | Harmon Damien EVP, Omnichannel | Sold | $53.8k749 shares |
| 2023-06-01 | Watson Mathew SVP, Finance-Controller & CAO | Sold | $41.5k578 shares |
| 2023-04-14 | Harmon Damien EVP, Omnichannel | Sold | $402.7k5.5k 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 24.0m $2.0bn | Reduced -356.9k |
| BlackRock Inc. 0.05% of their portfolio | 20.4m $1.7bn | Added +778.4k |
| JPMORGAN CHASE & CO 0.11% of their portfolio | 11.8m $968.4m | Added +1.4m |
| STATE STREET CORP 0.04% of their portfolio | 10.1m $834.8m | Reduced -76.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 8.8m $724.2m | Reduced -1.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 4.4m $361.6m | Added +119.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 4.3m $348.3m | Added +39.3k |
| Invesco Ltd. 0.07% of their portfolio | 3.2m $260.2m | Reduced -86.3k |
| Amundi 0.13% of their portfolio | 3.1m $253.4m | Added +392.6k |
| MORGAN STANLEY 0.02% of their portfolio | 2.7m $225.3m | Reduced -134.6k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.7m $218.5m | Added +45.3k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.6m $212.0m | Reduced -330.0k |
| RAYMOND JAMES & ASSOCIATES 0.17% of their portfolio | 2.5m $204.8m | Added +145.9k |
| LSV ASSET MANAGEMENT 0.40% of their portfolio | 2.2m $179.8m | Reduced -203.1k |
| Legal & General Group Plc 0.06% of their portfolio | 2.1m $172.2m | Reduced -7.8k |
| NORGES BANK 0.03% of their portfolio | 2.0m $166.3m | Added +37.3k |
| FMR LLC 0.01% of their portfolio | 2.0m $165.0m | Reduced -3.6m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.9m $157.2m | Reduced -15.1k |
| FEDERATED HERMES, INC. 0.39% of their portfolio | 1.9m $155.6m | Added +178.7k |
| Raymond James Financial Services Advisors, Inc. 0.25% of their portfolio | 1.7m $141.2m | Added +56.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 1.6m $128.8m | Unchanged |
| Pacer Advisors, Inc. 0.52% of their portfolio | 1.6m $130.2m | Added +1.6m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $120.9m | Reduced -407.7k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 1.5m $119.4m | Added +392.2k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.3m $108.9m | Reduced -370.8k |
| Ceredex Value Advisors LLC 1.65% of their portfolio | 1.2m $102.2m | Added +33.3k |
| Newport Trust Company, LLC 0.29% of their portfolio | 1.2m $99.8m | Added +34 |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 1.1m $93.9m | Added +38.3k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 1.1m $93.6m | Added +26.8k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.1m $90.8m | Added +179.1k |
| AQR CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 1.1m $88.8m | Reduced -353.2k |
| STIFEL FINANCIAL CORP 0.11% of their portfolio | 968.2k $79.3m | Added +3.3k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 940.9k $77.1m | Added +107.9k |
| Allianz Asset Management GmbH 0.14% of their portfolio | 841.1k $68.9m | Added +172.4k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 835.8k $68.5m | Reduced -19.1k |
| UBS Group AG 0.03% of their portfolio | 810.8k $66.4m | Added +262.6k |
| Swiss National Bank 0.04% of their portfolio | 708.6k $58.1m | Reduced -95.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 633.9k $52.0m | Reduced -729.0k |
| Aberdeen Group plc 0.12% of their portfolio | 624.1k $51.1m | Added +44.7k |
| Swedbank AB 0.09% of their portfolio | 611.0k $50.1m | Reduced -98.1k |
| BARCLAYS PLC 0.03% of their portfolio | 606.5k $49.7m | Added +251.4k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 597.6k $49.0m | Reduced -23.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 591.7k $48.5m | Reduced -84.3k |
| GLENMEDE TRUST CO NA 0.24% of their portfolio | 542.3k $42.4m | Unchanged |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 513.7k $42.1m | Added +9.8k |
| Robeco Institutional Asset Management B.V. 0.10% of their portfolio | 472.2k $38.7m | Reduced -118.2k |
| AustralianSuper Pty Ltd 0.24% of their portfolio | 469.0k $38.4m | Reduced -39.8k |
| CITIGROUP INC 0.05% of their portfolio | 466.5k $38.2m | Added +141.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.17% of their portfolio | 453.3k $37.1m | Added +2.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.17% of their portfolio | 451.4k $37.0m | New |
| NFJ INVESTMENT GROUP, LLC 0.98% of their portfolio | 449.9k $36.9m | Added +3.8k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 446.1k $36.6m | Added +507 |
| CONNING INC. 1.21% of their portfolio | 442.4k $36.2m | Added +36.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 439.1k $36.0m | Reduced -891.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.08% of their portfolio | 419.2k $34.3m | Reduced -28.9k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 416.1k $34.1m | Reduced -9.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 410.5k $33.6m | Added +95.0k |
| PANAGORA ASSET MANAGEMENT INC 0.19% of their portfolio | 402.1k $33.0m | Reduced -223.4k |
| Brandywine Global Investment Management, LLC 0.27% of their portfolio | 390.8k $32.0m | Reduced -236.6k |
| California Public Employees Retirement System 0.03% of their portfolio | 377.3k $30.9m | Reduced -21.3k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 375.6k $30.9m | Reduced -136.7k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 346.2k $28.4m | Added +276.1k |
| National Pension Service 0.05% of their portfolio | 341.3k $28.4m | Reduced -37.5k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 338.9k $27.8m | Added +176.4k |
| US BANCORP \DE\ 0.04% of their portfolio | 333.8k $27.4m | Reduced -18.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.39% of their portfolio | 317.0k $26.0m | Added +36.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 316.4k $25.9m | Reduced -16.9k |
| ALPS ADVISORS INC 0.22% of their portfolio | 312.1k $25.6m | Reduced -1.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio | 291.8k $23.9m | New |
| BROWN ADVISORY INC 0.04% of their portfolio | 280.9k $23.0m | Reduced -12.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 275.4k $22.6m | Added +23.6k |
| PUTNAM INVESTMENTS LLC 0.03% of their portfolio | 271.0k $22.2m | Reduced -484 |
| Squarepoint Ops LLC 0.12% of their portfolio | 267.2k $21.9m | New |
| TODD ASSET MANAGEMENT LLC 0.51% of their portfolio | 264.8k $21.7m | Added +4.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 252.6k $20.7m | Reduced -8.2k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 251.3k $20.6m | Added +8.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 251.0k $20.6m | Reduced -97.9k |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 240.0k $19.7m | Reduced -45.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 239.8k $19.7m | Reduced -24.0k |
| AVIVA PLC 0.08% of their portfolio | 236.2k $19.4m | Reduced -29.6k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 228.0k $18.7m | Added +1.8k |
| LGT Group Foundation 0.44% of their portfolio | 223.9k $18.4m | Added +19.6k |
| CAPITAL FUND MANAGEMENT S.A. 0.27% of their portfolio | 209.2k $17.1m | Added +41.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 209.1k $17.1m | Reduced -13.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 209.1k $17.1m | Reduced -19.1k |
| KBC Group NV 0.07% of their portfolio | 206.0k $16.9m | Added +69.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 204.9k $16.8m | Reduced -14.2k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 204.2k $16.7m | Added +109.2k |
| Sabal Trust CO 1.03% of their portfolio | 197.2k $16.2m | Added +7.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.15% of their portfolio | 192.6k $15.8m | Reduced -1.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 187.9k $15.4m | Added +16.9k |
| APG Asset Management N.V. 0.03% of their portfolio | 181.9k $13.7m | Added +143.3k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 169.9k $13.9m | Reduced -5.0k |
| AXA S.A. 0.05% of their portfolio | 166.0k $13.6m | Added +10.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 165.7k $13.6m | Added +29.1k |
| UNITED SERVICES AUTOMOBILE ASSOCIATION 0.39% of their portfolio | 165.2k $13.5m | Unchanged |
| MARSHALL WACE, LLP 0.03% of their portfolio | 164.2k $13.5m | Added +39.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 163.4k $13.4m | Reduced -653 |
| Impax Asset Management Group plc 0.05% of their portfolio | 160.3k $13.1m | Reduced -2.7k |
| Swiss Life Asset Management Ltd 0.19% of their portfolio | 157.1k $12.9m | Reduced -9.2k |