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 ($44.3m this quarter). Holder counts are more reliable. Shares outstanding: 217.6m as of 2023-08-30, 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 ≈ $69.59. Options: 39 managers hold calls ($426.1m notional), 42 hold puts ($392.3m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 747 |
| Q4 2022 | 780 |
| Q1 2023 | 782 |
| Q2 2023 | 740 |
| Q3 2023 | 702 |
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 |
| Q3 2023 | 339 | 350 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $480.8m | $735.3m | 1.53 |
| Q1 2023 | $351.5m | $427.0m | 1.21 |
| Q2 2023 | $423.8m | $395.9m | 0.93 |
| Q3 2023 | $426.1m | $392.3m | 0.92 |
Biggest buyers
| BlackRock Inc. | Added | +1.6m |
| GOLDMAN SACHS GROUP INC | Added | +1.0m |
| JPMORGAN CHASE & CO | Added | +822.3k |
| BARCLAYS PLC | Added | +729.6k |
| Alyeska Investment Group, L.P. | New | +692.0k |
| FEDERATED HERMES, INC. | Added | +687.6k |
| KBC Group NV | Added | +617.4k |
| Van Hulzen Asset Management, LLC | Added | +600.0k |
| Amundi | Added | +493.6k |
| D. E. Shaw & Co., Inc. | Added | +423.1k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.1m |
| CITADEL ADVISORS LLC | Reduced | -730.0k |
| LSV ASSET MANAGEMENT | Reduced | -550.5k |
| Ceredex Value Advisors LLC | Reduced | -522.0k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -439.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -347.3k |
| Balyasny Asset Management L.P. | Sold out | -346.2k |
| FMR LLC | Reduced | -265.3k |
| Squarepoint Ops LLC | Reduced | -261.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -248.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $105.7m1.5m shares |
| CITADEL ADVISORS LLC | Added | $89.2m1.3m shares |
| Twin Tree Management, LP | Added | $63.0m907.2k shares |
| Walleye Trading LLC | Reduced | $16.3m235.0k shares |
| SIMPLEX TRADING, LLC | Added | $16.1m231.2k shares |
| Portman Square Capital LLP | Added | $13.3m191.6k shares |
| IMC-Chicago, LLC | Added | $12.5m180.0k shares |
| PEAK6 Investments LLC | Added | $12.4m178.0k shares |
| WOLVERINE TRADING, LLC | New | $12.1m174.2k shares |
| JPMORGAN CHASE & CO | Added | $10.8m155.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $60.8m874.7k shares |
| CITADEL ADVISORS LLC | Added | $54.5m784.0k shares |
| Portman Square Capital LLP | Added | $36.1m520.0k shares |
| PEAK6 Investments LLC | Added | $30.7m442.6k shares |
| SIMPLEX TRADING, LLC | Added | $23.9m343.9k shares |
| Twin Tree Management, LP | New | $19.5m281.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $16.2m2.3k shares |
| Saba Capital Management, L.P. | Unchanged | $15.3m220.0k shares |
| GTS SECURITIES LLC | New | $14.6m209.5k shares |
| UBS Group AG | Added | $13.8m199.2k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2023 | 0 | — | 2 | $3.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-09-22 | Hartman Todd G. GC, Chief Risk Officer | Sold | $551.4k7.9k shares |
| 2023-09-20 | Hartman Todd G. GC, Chief Risk Officer | Sold | $355.9k5.0k shares |
| 2023-07-25 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold plan | $3.5m40.7k shares |
| 2023-07-25 | SCHULZE RICHARD M 10% owner · Sole general partner of limited partnership B | Sold plan | $2.6m30.2k shares |
| 2023-07-25 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold plan | $2.5m29.1k shares |
| 2023-07-05 | Scarlett Kathleen SEVP, HR, Corp Affair & Canada | Sold | $2.8m34.2k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 23.7m $1.6bn | Reduced -216.4k |
| BlackRock Inc. 0.04% of their portfolio | 22.0m $1.5bn | Added +1.6m |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 12.6m $878.0m | Added +822.3k |
| STATE STREET CORP 0.04% of their portfolio | 10.3m $727.8m | Added +267.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 5.7m $396.6m | Reduced -3.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 4.5m $311.1m | Added +66.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 4.4m $302.5m | Added +102.8k |
| Amundi 0.12% of their portfolio | 3.6m $248.9m | Added +493.6k |
| Invesco Ltd. 0.06% of their portfolio | 3.5m $239.7m | Added +276.4k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.8m $193.6m | Added +199.7k |
| MORGAN STANLEY 0.02% of their portfolio | 2.7m $187.8m | Reduced -46.0k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.7m $186.4m | Added +17.2k |
| RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio | 2.6m $181.4m | Added +112.3k |
| FEDERATED HERMES, INC. 0.48% of their portfolio | 2.6m $179.7m | Added +687.6k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.3m $162.6m | Added +1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 2.1m $142.8m | Added +410.3k |
| NORGES BANK 0.03% of their portfolio | 2.0m $142.1m | Added +16.2k |
| Legal & General Group Plc 0.05% of their portfolio | 2.0m $141.6m | Reduced -63.4k |
| Pacer Advisors, Inc. 0.53% of their portfolio | 2.0m $139.5m | Added +419.2k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.8m $128.4m | Reduced -70.5k |
| Raymond James Financial Services Advisors, Inc. 0.22% of their portfolio | 1.8m $124.0m | Added +60.9k |
| FMR LLC 0.01% of their portfolio | 1.7m $121.4m | Reduced -265.3k |
| LSV ASSET MANAGEMENT 0.27% of their portfolio | 1.6m $114.2m | Reduced -550.5k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.3m $92.9m | Reduced -116.8k |
| BARCLAYS PLC 0.06% of their portfolio | 1.3m $92.8m | Added +729.6k |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 1.3m $86.9m | Added +169.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.2m $85.2m | Reduced -248.6k |
| Newport Trust Company, LLC 0.26% of their portfolio | 1.2m $84.3m | Reduced -5.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 1.2m $82.5m | Added +41.5k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.1m $75.0m | Reduced -28.4k |
| UBS Group AG 0.03% of their portfolio | 947.3k $65.8m | Added +136.5k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 907.3k $62.9m | Reduced -33.6k |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 898.7k $62.4m | Reduced -69.5k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 888.7k $61.7m | Added +47.7k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 827.5k $57.5m | Reduced -8.3k |
| KBC Group NV 0.23% of their portfolio | 823.4k $57.2m | Added +617.4k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 762.0k $52.9m | Added +423.1k |
| Van Hulzen Asset Management, LLC 3.96% of their portfolio | 740.6k $51.5m | Added +600.0k |
| Ceredex Value Advisors LLC 0.88% of their portfolio | 710.1k $49.9m | Reduced -522.0k |
| GLENMEDE TRUST CO NA 0.28% of their portfolio | 703.1k $48.8m | Added +160.8k |
| Alyeska Investment Group, L.P. 0.33% of their portfolio | 692.0k $48.1m | New |
| Aberdeen Group plc 0.12% of their portfolio | 684.7k $47.6m | Added +60.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 635.8k $44.2m | Added +1.9k |
| Swiss National Bank 0.03% of their portfolio | 631.7k $43.9m | Reduced -76.9k |
| Swedbank AB 0.08% of their portfolio | 610.8k $42.4m | Reduced -159 |
| Robeco Institutional Asset Management B.V. 0.11% of their portfolio | 602.4k $41.9m | Added +130.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 593.6k $41.2m | Reduced -4.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 577.0k $40.1m | Reduced -14.7k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 539.8k $37.5m | Added +26.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 533.1k $37.0m | Added +122.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio | 484.5k $33.7m | Added +192.7k |
| AustralianSuper Pty Ltd 0.21% of their portfolio | 469.0k $32.6m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 455.7k $31.7m | Added +9.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.15% of their portfolio | 450.7k $31.3m | Reduced -2.5k |
| CONNING INC. 1.12% of their portfolio | 441.9k $30.6m | Reduced -516 |
| NFJ INVESTMENT GROUP, LLC 0.86% of their portfolio | 425.1k $29.5m | Reduced -24.7k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 412.4k $28.7m | Reduced -730.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.40% of their portfolio | 385.6k $26.8m | Added +68.7k |
| California Public Employees Retirement System 0.02% of their portfolio | 385.5k $26.8m | Added +8.2k |
| Brandywine Global Investment Management, LLC 0.23% of their portfolio | 383.3k $26.6m | Reduced -7.5k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 379.5k $26.4m | Reduced -36.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 375.9k $26.1m | Reduced -43.2k |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 372.8k $25.9m | Reduced -2.8k |
| PANAGORA ASSET MANAGEMENT INC 0.16% of their portfolio | 370.5k $25.7m | Reduced -31.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 356.8k $24.8m | Added +105.9k |
| National Pension Service 0.04% of their portfolio | 345.7k $23.5m | Added +4.5k |
| CITIGROUP INC 0.03% of their portfolio | 338.2k $23.5m | Reduced -128.3k |
| US BANCORP \DE\ 0.04% of their portfolio | 333.2k $23.1m | Reduced -522 |
| ALPS ADVISORS INC 0.18% of their portfolio | 308.0k $21.4m | Reduced -4.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 302.0k $21.0m | Reduced -14.4k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 296.8k $20.6m | Added +233.8k |
| PUTNAM INVESTMENTS LLC 0.03% of their portfolio | 287.1k $19.9m | Added +16.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.27% of their portfolio | 285.6k $19.8m | Added +76.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 283.6k $19.7m | Added +117.9k |
| BROWN ADVISORY INC 0.03% of their portfolio | 282.1k $19.6m | Added +1.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 274.6k $19.1m | Reduced -800 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 255.7k $17.8m | Added +3.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 255.6k $17.8m | Added +67.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 238.4k $16.6m | Reduced -1.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 225.7k $15.7m | Added +129.4k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 216.4k $15.0m | Reduced -35.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 216.1k $15.0m | Added +7.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 215.2k $15.0m | Added +51.9k |
| Daiichi Life Insurance Co., Ltd. 0.33% of their portfolio | 214.2k $14.9m | Added +200.0k |
| AVIVA PLC 0.06% of their portfolio | 211.4k $14.7m | Reduced -24.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 208.3k $14.5m | Added +56.7k |
| Sabal Trust CO 0.92% of their portfolio | 198.6k $13.8m | Added +1.4k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 195.0k $13.5m | Reduced -9.2k |
| TODD ASSET MANAGEMENT LLC 0.30% of their portfolio | 185.1k $12.9m | Reduced -79.6k |
| Man Group plc 0.04% of their portfolio | 181.8k $12.6m | New |
| Swiss Life Asset Management Ltd 0.19% of their portfolio | 175.0k $12.2m | Added +17.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 172.5k $12.0m | Reduced -32.3k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 169.4k $11.8m | Reduced -539 |
| Achmea Investment Management B.V. 0.25% of their portfolio | 167.2k $11.6m | Added +17.6k |
| UNITED SERVICES AUTOMOBILE ASSOCIATION 0.29% of their portfolio | 165.2k $11.5m | Unchanged |
| Impax Asset Management Group plc 0.05% of their portfolio | 161.6k $11.2m | Added +1.4k |
| AXA S.A. 0.04% of their portfolio | 155.3k $10.8m | Reduced -10.6k |
| Saba Capital Management, L.P. 0.34% of their portfolio | 152.2k $10.6m | Added +72.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 151.3k $10.5m | Added +11.3k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 150.3k $10.4m | Added +139.5k |