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 ($87.1m this quarter). Holder counts are more reliable. Shares outstanding: 215.4m as of 2024-03-13, 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 ≈ $81.98. Options: 35 managers hold calls ($398.9m notional), 33 hold puts ($397.3m).
Trends to Q1 2024
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 |
| Q1 2024 | 785 |
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 |
| Q1 2024 | 411 | 350 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $423.8m | $395.9m | 0.93 |
| Q3 2023 | $426.1m | $392.3m | 0.92 |
| Q4 2023 | $565.9m | $559.8m | 0.99 |
| Q1 2024 | $398.9m | $397.3m | 1.00 |
Biggest buyers
| STATE STREET CORP | Added | +3.3m |
| MORGAN STANLEY | Added | +3.2m |
| BlackRock Inc. | Added | +1.5m |
| Invesco Ltd. | Added | +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +1.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +1.0m |
| Pacer Advisors, Inc. | Added | +703.7k |
| J. Goldman & Co LP | Added | +588.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +560.0k |
| BANK OF AMERICA CORP /DE/ | Added | +497.4k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -2.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.4m |
| Ceredex Value Advisors LLC | Sold out | -1.2m |
| VANGUARD GROUP INC | Reduced | -738.1k |
| Point72 Asset Management, L.P. | Sold out | -706.7k |
| GLENMEDE TRUST CO NA | Reduced | -650.0k |
| Twin Tree Management, LP | Sold out | -420.4k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -338.3k |
| Legal & General Group Plc | Reduced | -257.4k |
| FIRST TRUST ADVISORS LP | Reduced | -238.7k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $106.0m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $91.5m1.1m shares |
| BARCLAYS PLC | Reduced | $36.2m441.5k shares |
| JANE STREET GROUP, LLC | Added | $17.2m210.1k shares |
| IMC-Chicago, LLC | Added | $16.9m206.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $15.8m192.2k shares |
| PEAK6 Investments LLC | Reduced | $10.7m130.6k shares |
| Walleye Trading LLC | Reduced | $10.4m126.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $10.0m121.4k shares |
| Walleye Capital LLC | Reduced | $9.5m115.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $100.0m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $37.9m462.5k shares |
| BARCLAYS PLC | Reduced | $35.4m431.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $23.1m281.8k shares |
| Walleye Trading LLC | Reduced | $22.1m269.1k shares |
| PEAK6 Investments LLC | Reduced | $16.1m196.7k shares |
| Walleye Capital LLC | Added | $14.6m178.0k shares |
| IMC-Chicago, LLC | Reduced | $13.6m165.9k shares |
| UBS Group AG | Reduced | $13.1m159.8k shares |
| JANE STREET GROUP, LLC | Added | $12.5m152.3k 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 Q1 2024
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2024 | 0 | — | 7 | $5.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-22 | Barry Corie S CEO, director | Sold | $2.3m28.0k shares |
| 2024-03-22 | Bilunas Matthew M SEVP Enterprise Strategy & CFO | Sold | $675.5k8.3k shares |
| 2024-03-22 | Bonfig Jason J SEVP Cust. Offerings & Fulfill | Sold | $582.2k7.1k shares |
| 2024-03-22 | Harmon Damien SEVP, Cust., Channel Exp & Ent | Sold | $482.5k5.9k shares |
| 2024-03-22 | Scarlett Kathleen SEVP, HR, Corp Affair & Canada | Sold | $416.9k5.1k shares |
| 2024-03-22 | Hartman Todd G. GC, Chief Risk Officer | Sold | $325.0k4.0k shares |
| 2024-03-22 | Watson Mathew SVP, Controller & CAO | Sold | $204.9k2.5k shares |
| 2024-03-08 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $11.1m138.3k shares |
| 2024-03-08 | SCHULZE RICHARD M Chairman Emeritus · Family Foundation | Sold plan | $4.4m54.5k shares |
| 2024-03-08 | SCHULZE RICHARD M Chairman Emeritus · Sole general partner of limited partnership B | Sold plan | $3.9m49.0k shares |
| 2024-03-01 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold plan | $718.3k8.9k shares |
| 2024-03-01 | Hartman Todd G. GC, Chief Risk Officer | Sold | $469.4k6.0k shares |
| 2024-03-01 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold plan | $282.7k3.5k shares |
| 2024-03-01 | SCHULZE RICHARD M 10% owner · Sole general partner of limited partnership B | Sold plan | $254.6k3.1k shares |
| 2024-02-29 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold plan | $37.7m457.5k shares |
| 2024-02-29 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold plan | $14.8m180.1k shares |
| 2024-02-29 | SCHULZE RICHARD M 10% owner · Sole general partner of limited partnership B | Sold plan | $13.3m162.1k shares |
| 2024-02-28 | SCHULZE RICHARD M 10% owner · Trustee for Revocable Trust | Sold plan | $628.9k7.9k shares |
| 2024-02-28 | SCHULZE RICHARD M 10% owner · Family Foundation | Sold plan | $247.6k3.1k shares |
| 2024-02-28 | SCHULZE RICHARD M 10% owner · Sole general partner of limited partnership B | Sold plan | $222.9k2.8k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.05% of their portfolio | 24.8m $2.0bn | Added +1.5m |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 23.1m $1.9bn | Reduced -2.8m |
| VANGUARD GROUP INC 0.04% of their portfolio | 22.3m $1.8bn | Reduced -738.1k |
| STATE STREET CORP 0.05% of their portfolio | 13.8m $1.1bn | Added +3.3m |
| MORGAN STANLEY 0.02% of their portfolio | 9.0m $739.4m | Added +3.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 5.9m $481.9m | Added +1.4m |
| Invesco Ltd. 0.08% of their portfolio | 4.7m $381.8m | Added +1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.6m $376.9m | Added +136.7k |
| Amundi 0.15% of their portfolio | 4.6m $360.2m | Reduced -50.6k |
| RAYMOND JAMES & ASSOCIATES 0.16% of their portfolio | 2.9m $236.8m | Added +277.2k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.8m $231.3m | Added +28.7k |
| FEDERATED HERMES, INC. 0.51% of their portfolio | 2.7m $220.2m | Reduced -68.8k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.5m $207.8m | Reduced -83.8k |
| Pacer Advisors, Inc. 0.48% of their portfolio | 2.5m $207.8m | Added +703.7k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.5m $206.9m | Reduced -51.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 2.3m $185.0m | Added +117.6k |
| NORGES BANK 0.03% of their portfolio | 2.2m $177.1m | Added +48.9k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.8m $150.8m | Reduced -31.2k |
| Raymond James Financial Services Advisors, Inc. 0.22% of their portfolio | 1.8m $149.9m | Added +69.3k |
| LORD, ABBETT & CO. LLC 0.24% of their portfolio | 1.8m $149.7m | Added +361.7k |
| HS Management Partners, LLC 6.34% of their portfolio | 1.7m $138.2m | Added +358.2k |
| Legal & General Group Plc 0.04% of their portfolio | 1.6m $127.9m | Reduced -257.4k |
| LSV ASSET MANAGEMENT 0.26% of their portfolio | 1.5m $127.1m | Reduced -86.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $126.4m | Added +497.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 1.3m $107.9m | Added +1.0m |
| KBC Group NV 0.33% of their portfolio | 1.3m $105.2m | Added +421.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.36% of their portfolio | 1.2m $97.5m | Added +560.0k |
| Newport Trust Company, LLC 0.26% of their portfolio | 1.2m $96.3m | Reduced -38.9k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.0m $85.0m | Added +39.3k |
| Allianz Asset Management GmbH 0.14% of their portfolio | 992.4k $81.4m | Added +10.3k |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 954.4k $78.3m | Added +6.8k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 916.6k $75.2m | Added +136.5k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 887.4k $72.8m | Reduced -211.0k |
| Aberdeen Group plc 0.13% of their portfolio | 810.1k $66.5m | Added +40.1k |
| FMR LLC 0.00% of their portfolio | 799.3k $65.6m | Reduced -99.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 775.0k $63.6m | Added +36.1k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 750.5k $61.6m | Reduced -238.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 743.6k $61.0m | Reduced -147.6k |
| Van Hulzen Asset Management, LLC 3.94% of their portfolio | 727.6k $59.7m | Reduced -232.4k |
| J. Goldman & Co LP 2.70% of their portfolio | 726.6k $59.6m | Added +588.9k |
| UBS Group AG 0.02% of their portfolio | 708.8k $58.1m | Added +259.9k |
| BARCLAYS PLC 0.03% of their portfolio | 703.5k $57.7m | Reduced -153.1k |
| MAIRS & POWER INC 0.55% of their portfolio | 692.8k $56.8m | Added +160.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 619.8k $50.9m | Added +176.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 606.7k $49.8m | Reduced -2.4m |
| Epoch Investment Partners, Inc. 0.22% of their portfolio | 593.2k $48.7m | Reduced -92.9k |
| Swiss National Bank 0.03% of their portfolio | 580.5k $47.6m | Reduced -31.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 576.4k $47.3m | Added +2.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 553.4k $45.4m | Reduced -5.1k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.48% of their portfolio | 531.2k $43.6m | Added +73.1k |
| Swedbank AB 0.06% of their portfolio | 530.6k $43.5m | Reduced -78.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 493.2k $40.5m | Added +182.9k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 467.8k $38.4m | Reduced -8.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 463.0k $38.0m | Added +65.2k |
| CONNING INC. 1.23% of their portfolio | 459.9k $37.6m | Added +42.7k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 453.4k $37.2m | Added +843 |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 446.4k $36.6m | Reduced -21.2k |
| Brandywine Global Investment Management, LLC 0.26% of their portfolio | 430.5k $35.3m | Reduced -286 |
| TODD ASSET MANAGEMENT LLC 0.71% of their portfolio | 421.2k $34.6m | Reduced -54.6k |
| AXA S.A. 0.10% of their portfolio | 420.7k $34.5m | Added +111.1k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 381.0k $31.3m | Added +2.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 372.4k $30.5m | Added +32.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.27% of their portfolio | 371.7k $30.5m | Reduced -54.7k |
| California Public Employees Retirement System 0.02% of their portfolio | 365.3k $30.0m | Reduced -15.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 360.6k $29.5m | Added +30.7k |
| National Pension Service 0.04% of their portfolio | 358.2k $29.4m | Added +12.5k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 339.1k $27.8m | Reduced -23.2k |
| Schonfeld Strategic Advisors LLC 0.21% of their portfolio | 323.6k $26.5m | Added +185.4k |
| AustralianSuper Pty Ltd 0.15% of their portfolio | 311.7k $25.5m | Reduced -136.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 296.5k $24.3m | Reduced -4.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 292.9k $24.0m | Added +15.8k |
| CITIGROUP INC 0.03% of their portfolio | 290.1k $23.8m | Reduced -2.9k |
| ALPS ADVISORS INC 0.17% of their portfolio | 288.2k $23.6m | Reduced -9.2k |
| US BANCORP \DE\ 0.03% of their portfolio | 286.8k $23.5m | Reduced -13.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 283.6k $23.3m | New |
| BROWN ADVISORY INC 0.03% of their portfolio | 274.7k $22.5m | Added +5.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 263.8k $20.7m | Added +27.9k |
| Swiss Life Asset Management Ltd 0.30% of their portfolio | 262.6k $21.5m | Added +116.2k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 253.2k $20.8m | Reduced -20.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 250.2k $20.5m | Reduced -18.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.25% of their portfolio | 247.4k $20.3m | Added +113.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 244.7k $20.1m | Added +209 |
| Empowered Funds, LLC 0.18% of their portfolio | 238.3k $19.5m | Added +130.3k |
| AVIVA PLC 0.06% of their portfolio | 237.7k $19.5m | Reduced -5.1k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 230.1k $18.9m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 228.2k $18.7m | Reduced -53.4k |
| NFJ INVESTMENT GROUP, LLC 0.49% of their portfolio | 220.4k $18.1m | Reduced -1.6k |
| Sabal Trust CO 1.04% of their portfolio | 218.1k $17.9m | Added +9.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 212.5k $17.4m | Reduced -5.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 211.0k $17.3m | Reduced -1.6k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 206.7k $17.0m | Added +76.4k |
| APG Asset Management N.V. 0.03% of their portfolio | 198.6k $15.1m | Added +103.3k |
| Walleye Capital LLC 0.17% of their portfolio | 193.0k $15.8m | New |
| Meiji Yasuda Asset Management Co Ltd. 0.65% of their portfolio | 187.3k $15.4m | Added +181.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 186.0k $15.3m | Reduced -169.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 184.7k $15.2m | Reduced -5.4k |
| Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio | 184.6k $14.6m | Added +100.7k |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 164.7k $13.5m | Reduced -338.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 161.9k $13.3m | Reduced -5.6k |
| Banco Santander, S.A. 0.16% of their portfolio | 161.6k $13.3m | Reduced -25.0k |