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 ($77.6m this quarter). Holder counts are more reliable. Shares outstanding: 215.4m as of 2023-11-29, 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 ≈ $78.25. Options: 39 managers hold calls ($565.9m notional), 41 hold puts ($559.8m).
Trends to Q4 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 |
| Q4 2023 | 770 |
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 |
| Q4 2023 | 354 | 342 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $351.5m | $427.0m | 1.21 |
| Q2 2023 | $423.8m | $395.9m | 0.93 |
| Q3 2023 | $426.1m | $392.3m | 0.92 |
| Q4 2023 | $565.9m | $559.8m | 0.99 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +13.2m |
| MORGAN STANLEY | Added | +3.1m |
| LORD, ABBETT & CO. LLC | New | +1.5m |
| HS Management Partners, LLC | New | +1.3m |
| BlackRock Inc. | Added | +1.3m |
| Amundi | Added | +1.1m |
| Point72 Asset Management, L.P. | Added | +696.9k |
| Epoch Investment Partners, Inc. | Added | +680.3k |
| MAIRS & POWER INC | Added | +526.4k |
| Ceredex Value Advisors LLC | Added | +518.9k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.8m |
| AMERIPRISE FINANCIAL INC | Reduced | -893.5k |
| FMR LLC | Reduced | -848.5k |
| D. E. Shaw & Co., Inc. | Reduced | -755.1k |
| Alyeska Investment Group, L.P. | Sold out | -692.0k |
| VANGUARD GROUP INC | Reduced | -657.3k |
| UBS Group AG | Reduced | -498.5k |
| BARCLAYS PLC | Reduced | -479.5k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -296.5k |
| Legal & General Group Plc | Reduced | -221.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $149.0m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $104.7m1.3m shares |
| BARCLAYS PLC | New | $58.3m745.2k shares |
| SIMPLEX TRADING, LLC | Added | $28.3m361.0k shares |
| Walleye Trading LLC | Added | $23.7m303.3k shares |
| PEAK6 Investments LLC | Added | $23.2m296.5k shares |
| JPMORGAN CHASE & CO | Added | $21.3m272.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $19.8m252.4k shares |
| WOLVERINE TRADING, LLC | Added | $16.2m206.7k shares |
| IMC-Chicago, LLC | Added | $14.7m188.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $84.4m1.1m shares |
| BARCLAYS PLC | New | $77.0m984.0k shares |
| CITADEL ADVISORS LLC | Added | $76.3m975.1k shares |
| Walleye Trading LLC | Added | $28.8m368.5k shares |
| SIMPLEX TRADING, LLC | Added | $27.7m354.3k shares |
| PEAK6 Investments LLC | Reduced | $24.8m316.5k shares |
| Portman Square Capital LLP | Reduced | $20.1m257.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $17.8m226.8k shares |
| Saba Capital Management, L.P. | Unchanged | $17.2m220.0k shares |
| UBS Group AG | Added | $16.4m209.8k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-20 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold | $8.5m111.0k shares |
| 2023-12-14 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold | $20.0m259.8k shares |
| 2023-12-14 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold | $4.1m53.9k shares |
| 2023-12-11 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold | $2.6m34.6k shares |
| 2023-12-11 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold | $1.0m13.8k shares |
| 2023-12-07 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold | $4.0m53.0k shares |
| 2023-12-07 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold | $1.6m21.2k shares |
| 2023-12-06 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold | $11.5m152.6k shares |
| 2023-12-06 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold | $4.6m61.1k 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 2023
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.10% of their portfolio | 25.9m $2.0bn | Added +13.2m |
| BlackRock Inc. 0.05% of their portfolio | 23.3m $1.8bn | Added +1.3m |
| VANGUARD GROUP INC 0.04% of their portfolio | 23.1m $1.8bn | Reduced -657.3k |
| STATE STREET CORP 0.04% of their portfolio | 10.5m $832.9m | Added +177.7k |
| MORGAN STANLEY 0.02% of their portfolio | 5.8m $457.8m | Added +3.1m |
| Amundi 0.16% of their portfolio | 4.6m $354.6m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 4.5m $350.8m | Added +3.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 4.5m $348.9m | Added +104.7k |
| Invesco Ltd. 0.06% of their portfolio | 3.2m $253.6m | Reduced -211.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 3.0m $231.6m | Reduced -2.8m |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.8m $218.5m | Added +107.9k |
| FEDERATED HERMES, INC. 0.53% of their portfolio | 2.8m $215.5m | Added +166.5k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.6m $204.9m | Reduced -169.5k |
| RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio | 2.6m $204.3m | Reduced -2.0k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.6m $201.4m | Added +232.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 2.1m $167.3m | Added +81.9k |
| NORGES BANK 0.03% of their portfolio | 2.1m $165.2m | Added +64.0k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.9m $146.4m | Added +21.9k |
| Pacer Advisors, Inc. 0.41% of their portfolio | 1.8m $143.2m | Reduced -178.3k |
| Legal & General Group Plc 0.04% of their portfolio | 1.8m $142.2m | Reduced -221.3k |
| Raymond James Financial Services Advisors, Inc. 0.22% of their portfolio | 1.8m $137.6m | Reduced -26.1k |
| LSV ASSET MANAGEMENT 0.28% of their portfolio | 1.6m $128.1m | Reduced -7.7k |
| LORD, ABBETT & CO. LLC 0.20% of their portfolio | 1.5m $114.6m | New |
| HS Management Partners, LLC 4.81% of their portfolio | 1.3m $103.9m | New |
| Ceredex Value Advisors LLC 1.69% of their portfolio | 1.2m $97.3m | Added +518.9k |
| Newport Trust Company, LLC 0.25% of their portfolio | 1.2m $95.0m | Added +369 |
| AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 1.1m $86.0m | Reduced -155.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.0m $81.7m | Reduced -182.5k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 996.8k $78.0m | Reduced -82.5k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 989.2k $77.4m | Added +161.7k |
| Allianz Asset Management GmbH 0.14% of their portfolio | 982.1k $76.9m | Added +93.3k |
| Van Hulzen Asset Management, LLC 5.29% of their portfolio | 960.0k $75.1m | Added +219.4k |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 947.6k $74.2m | Added +48.9k |
| FMR LLC 0.01% of their portfolio | 899.2k $70.4m | Reduced -848.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 891.3k $69.8m | Reduced -296.5k |
| KBC Group NV 0.24% of their portfolio | 860.4k $67.4m | Added +37.0k |
| BARCLAYS PLC 0.03% of their portfolio | 856.6k $67.1m | Reduced -479.5k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 780.1k $61.1m | Reduced -127.2k |
| Aberdeen Group plc 0.13% of their portfolio | 770.0k $60.3m | Added +85.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 739.0k $57.8m | Added +103.2k |
| Point72 Asset Management, L.P. 0.17% of their portfolio | 706.7k $55.3m | Added +696.9k |
| Epoch Investment Partners, Inc. 0.24% of their portfolio | 686.1k $53.7m | Added +680.3k |
| GLENMEDE TRUST CO NA 0.27% of their portfolio | 662.0k $51.8m | Reduced -41.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 628.2k $49.2m | Added +143.7k |
| Swiss National Bank 0.04% of their portfolio | 612.0k $47.9m | Reduced -19.7k |
| Swedbank AB 0.08% of their portfolio | 609.2k $47.7m | Reduced -1.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 574.2k $44.9m | Reduced -2.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 558.4k $43.7m | Reduced -35.2k |
| MAIRS & POWER INC 0.44% of their portfolio | 532.2k $41.7m | Added +526.4k |
| PANAGORA ASSET MANAGEMENT INC 0.22% of their portfolio | 502.9k $39.4m | Added +132.4k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 476.3k $37.3m | Reduced -63.6k |
| TODD ASSET MANAGEMENT LLC 0.82% of their portfolio | 475.8k $37.2m | Added +290.7k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 467.6k $36.6m | Reduced -134.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.48% of their portfolio | 458.1k $35.9m | Added +72.5k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 452.6k $35.2m | Added +79.7k |
| UBS Group AG 0.01% of their portfolio | 448.8k $35.1m | Reduced -498.5k |
| AustralianSuper Pty Ltd 0.21% of their portfolio | 447.9k $35.1m | Reduced -21.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 442.9k $34.7m | Reduced -893.5k |
| Brandywine Global Investment Management, LLC 0.27% of their portfolio | 430.8k $33.7m | Added +47.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.31% of their portfolio | 426.4k $33.4m | Added +290.8k |
| Twin Tree Management, LP 0.59% of their portfolio | 420.4k $32.9m | New |
| CONNING INC. 1.13% of their portfolio | 417.2k $32.6m | Reduced -24.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 397.8k $31.1m | Reduced -135.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 380.3k $29.8m | Reduced -5.2k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 378.4k $29.6m | Reduced -1.1k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 362.3k $28.4m | Reduced -93.4k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 355.1k $27.8m | Added +211.3k |
| National Pension Service 0.04% of their portfolio | 345.7k $27.1m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 339.9k $25.8m | Added +84.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 329.9k $25.8m | Reduced -46.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 310.3k $24.3m | Added +26.7k |
| AXA S.A. 0.04% of their portfolio | 309.7k $24.2m | Added +154.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 300.9k $23.6m | Reduced -1.1k |
| US BANCORP \DE\ 0.03% of their portfolio | 300.5k $23.5m | Reduced -32.8k |
| ALPS ADVISORS INC 0.18% of their portfolio | 297.4k $23.3m | Reduced -10.6k |
| CITIGROUP INC 0.03% of their portfolio | 293.0k $22.9m | Reduced -45.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.10% of their portfolio | 281.7k $22.0m | Reduced -169.1k |
| PUTNAM INVESTMENTS LLC 0.03% of their portfolio | 279.5k $21.9m | Reduced -7.5k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 279.5k $21.9m | Reduced -133.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 277.1k $21.7m | Reduced -79.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 275.8k $21.6m | Added +50.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 273.8k $21.4m | Added +58.6k |
| BROWN ADVISORY INC 0.03% of their portfolio | 269.2k $21.1m | Reduced -12.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 269.1k $21.1m | Reduced -5.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 255.0k $20.0m | Added +167.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 244.5k $19.1m | Reduced -11.2k |
| AVIVA PLC 0.07% of their portfolio | 242.7k $19.0m | Added +31.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 235.9k $18.5m | Reduced -2.5k |
| NFJ INVESTMENT GROUP, LLC 0.48% of their portfolio | 222.0k $17.4m | Reduced -203.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 218.2k $17.1m | Added +2.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 212.6k $16.6m | Added +73.6k |
| Sabal Trust CO 1.01% of their portfolio | 209.1k $16.4m | Added +10.5k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 207.4k $16.2m | Reduced -89.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 204.5k $16.0m | Reduced -3.8k |
| Bridgewater Associates, LP 0.09% of their portfolio | 195.2k $15.3m | Added +50.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 190.1k $14.9m | Added +42.9k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.18% of their portfolio | 190.1k $14.9m | Added +44.5k |
| Banco Santander, S.A. 0.17% of their portfolio | 186.6k $14.6m | Added +130.7k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 167.5k $13.1m | Reduced -48.9k |
| Impax Asset Management Group plc 0.05% of their portfolio | 161.3k $12.6m | Reduced -331 |