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 ($110.4m this quarter). Holder counts are more reliable. Shares outstanding: 215.7m as of 2024-06-05, 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 ≈ $84.29. Options: 35 managers hold calls ($756.3m notional), 34 hold puts ($577.4m).
Trends to Q2 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 |
| Q2 2024 | 832 |
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 |
| Q2 2024 | 444 | 352 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $426.1m | $392.3m | 0.92 |
| Q4 2023 | $565.9m | $559.8m | 0.99 |
| Q1 2024 | $398.9m | $397.3m | 1.00 |
| Q2 2024 | $756.3m | $577.4m | 0.76 |
Biggest buyers
| D. E. Shaw & Co., Inc. | Added | +2.7m |
| Ninety One UK Ltd | New | +1.4m |
| EAGLE ASSET MANAGEMENT INC | Added | +1.2m |
| Thrivent Financial for Lutherans | Added | +1.1m |
| Bank of New York Mellon Corp | Added | +1.0m |
| JANE STREET GROUP, LLC | Added | +740.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +657.2k |
| CITADEL ADVISORS LLC | Added | +560.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +491.8k |
| RAYMOND JAMES & ASSOCIATES | Added | +490.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -9.6m |
| MORGAN STANLEY | Reduced | -5.9m |
| Pacer Advisors, Inc. | Reduced | -2.5m |
| BlackRock Inc. | Reduced | -1.5m |
| Amundi | Reduced | -863.7k |
| KBC Group NV | Reduced | -860.5k |
| HS Management Partners, LLC | Reduced | -845.0k |
| J. Goldman & Co LP | Sold out | -726.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -343.4k |
| AustralianSuper Pty Ltd | Sold out | -311.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $165.2m2.0m shares |
| Twin Tree Management, LP | New | $125.3m1.5m shares |
| CITADEL ADVISORS LLC | Reduced | $99.7m1.2m shares |
| BARCLAYS PLC | Added | $80.0m949.0k shares |
| PEAK6 Investments LLC | Added | $68.6m814.2k shares |
| SIMPLEX TRADING, LLC | Added | $48.3m572.7k shares |
| IMC-Chicago, LLC | Added | $40.9m485.4k shares |
| WOLVERINE TRADING, LLC | Added | $14.9m176.5k shares |
| Walleye Capital LLC | Added | $14.4m170.7k shares |
| Walleye Trading LLC | Added | $11.5m136.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $159.7m1.9m shares |
| CITADEL ADVISORS LLC | Added | $67.3m798.6k shares |
| Walleye Capital LLC | Added | $40.9m485.2k shares |
| SIMPLEX TRADING, LLC | Added | $38.7m459.0k shares |
| IMC-Chicago, LLC | Added | $30.3m359.0k shares |
| JANE STREET GROUP, LLC | Added | $27.6m328.0k shares |
| Walleye Trading LLC | Added | $26.6m316.1k shares |
| JPMORGAN CHASE & CO | Added | $18.6m220.6k shares |
| Portman Square Capital LLP | Added | $16.8m199.6k shares |
| UBS Group AG | Added | $14.1m167.3k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 0 | — | 7 | $727.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-06 | Watson Mathew SVP, Controller & CAO | Sold | $204.4k2.3k shares |
| 2024-06-03 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $85.9m1.0m shares |
| 2024-06-03 | Watson Mathew SVP, Controller & CAO | Sold | $171.6k2.0k shares |
| 2024-05-31 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $80.7m1.0m shares |
| 2024-05-30 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $58.2m725.6k shares |
| 2024-05-30 | SCHULZE RICHARD M Chairman Emeritus · Family Foundation | Sold plan | $22.0m274.4k shares |
| 2024-04-17 | Barry Corie S CEO, director | Sold | $27.7k366 shares |
| 2024-04-17 | Bilunas Matthew M SEVP Enterprise Strategy & CFO | Sold | $8.4k111 shares |
| 2024-04-17 | Bonfig Jason J SEVP Cust. Offerings & Fulfill | Sold | $7.2k95 shares |
| 2024-04-17 | Harmon Damien SEVP, Cust., Channel Exp & Ent | Sold | $6.0k79 shares |
| 2024-04-17 | Scarlett Kathleen SEVP, HR, Corp Affair & Canada | Sold | $5.4k71 shares |
| 2024-04-17 | Hartman Todd G. GC, Chief Risk Officer | Sold | $4.1k54 shares |
| 2024-04-17 | Watson Mathew SVP, Controller & CAO | Sold | $2.0k27 shares |
| 2024-04-09 | Watson Mathew SVP, Controller & CAO | Sold | $290.2k3.5k 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 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.04% of their portfolio | 23.3m $2.0bn | Reduced -1.5m |
| VANGUARD GROUP INC 0.04% of their portfolio | 22.5m $1.9bn | Added +177.6k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 13.5m $1.1bn | Reduced -9.6m |
| STATE STREET CORP 0.05% of their portfolio | 13.5m $1.1bn | Reduced -309.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 5.9m $499.2m | Added +48.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.7m $398.2m | Added +130.2k |
| Invesco Ltd. 0.08% of their portfolio | 4.4m $374.6m | Reduced -210.9k |
| Amundi 0.12% of their portfolio | 3.7m $309.0m | Reduced -863.7k |
| RAYMOND JAMES & ASSOCIATES 0.19% of their portfolio | 3.4m $284.7m | Added +490.8k |
| MORGAN STANLEY 0.02% of their portfolio | 3.1m $261.1m | Reduced -5.9m |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.1m $257.6m | Added +235.5k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.9m $241.3m | Added +1.0m |
| D. E. Shaw & Co., Inc. 0.33% of their portfolio | 2.8m $232.5m | Added +2.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 2.6m $221.3m | Added +370.3k |
| FEDERATED HERMES, INC. 0.51% of their portfolio | 2.5m $214.6m | Reduced -138.1k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.5m $210.4m | Reduced -25.2k |
| NORGES BANK 0.03% of their portfolio | 2.5m $210.0m | Added +332.3k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.3m $197.5m | Reduced -191.0k |
| LORD, ABBETT & CO. LLC 0.26% of their portfolio | 1.8m $155.8m | Added +23.5k |
| Raymond James Financial Services Advisors, Inc. 0.21% of their portfolio | 1.8m $149.6m | Reduced -53.1k |
| Legal & General Group Plc 0.04% of their portfolio | 1.6m $136.6m | Added +60.9k |
| LSV ASSET MANAGEMENT 0.28% of their portfolio | 1.5m $125.5m | Reduced -60.6k |
| Ninety One UK Ltd 0.34% of their portfolio | 1.4m $121.3m | New |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.4m $119.7m | Reduced -121.3k |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 1.4m $116.3m | Added +491.8k |
| EAGLE ASSET MANAGEMENT INC 0.59% of their portfolio | 1.3m $110.6m | Added +1.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio | 1.3m $112.6m | Added +20.4k |
| Newport Trust Company, LLC 0.24% of their portfolio | 1.2m $97.1m | Reduced -22.1k |
| Thrivent Financial for Lutherans 0.19% of their portfolio | 1.1m $92.7m | Added +1.1m |
| Allianz Asset Management GmbH 0.14% of their portfolio | 1.1m $88.8m | Added +61.4k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 971.8k $81.9m | Added +55.3k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 969.7k $81.7m | Reduced -66.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.30% of their portfolio | 942.9k $79.5m | Reduced -245.4k |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 942.5k $79.4m | Reduced -11.9k |
| AXA S.A. 0.11% of their portfolio | 888.6k $74.9m | Added +467.9k |
| Aberdeen Group plc 0.14% of their portfolio | 849.1k $71.6m | Added +39.0k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 843.2k $71.1m | Added +657.2k |
| HS Management Partners, LLC 3.91% of their portfolio | 840.0k $70.8m | Reduced -845.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 818.1k $69.0m | Added +43.1k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 812.7k $68.5m | Added +740.6k |
| UBS Group AG 0.02% of their portfolio | 798.1k $67.3m | Added +89.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 749.9k $63.2m | Added +6.3k |
| MAIRS & POWER INC 0.61% of their portfolio | 744.6k $62.8m | Added +51.8k |
| Van Hulzen Asset Management, LLC 4.00% of their portfolio | 707.6k $59.6m | Reduced -20.0k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 697.2k $58.8m | Added +77.4k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 650.8k $54.9m | Added +560.0k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 645.6k $54.4m | Reduced -104.9k |
| Epoch Investment Partners, Inc. 0.23% of their portfolio | 595.1k $50.2m | Added +1.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 584.5k $49.3m | Added +121.5k |
| Swiss National Bank 0.03% of their portfolio | 574.0k $48.4m | Reduced -6.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 571.3k $48.2m | Added +18.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 551.9k $46.5m | Added +58.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 547.1k $46.1m | Reduced -29.3k |
| FMR LLC 0.00% of their portfolio | 543.6k $45.8m | Reduced -255.7k |
| Swedbank AB 0.06% of their portfolio | 506.9k $42.7m | Reduced -23.7k |
| BARCLAYS PLC 0.02% of their portfolio | 501.4k $42.3m | Reduced -202.0k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 463.3k $39.1m | Added +9.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 440.5k $37.1m | Added +156.9k |
| KBC Group NV 0.11% of their portfolio | 421.7k $35.5m | Reduced -860.5k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.36% of their portfolio | 413.1k $34.8m | Reduced -118.1k |
| CONNING INC. 1.21% of their portfolio | 399.6k $33.6m | Reduced -60.3k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 391.7k $33.0m | Reduced -54.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 391.3k $32.9m | Added +18.9k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 382.2k $32.2m | Added +1.2k |
| California Public Employees Retirement System 0.02% of their portfolio | 375.7k $31.7m | Added +10.4k |
| SG Americas Securities, LLC 0.20% of their portfolio | 373.8k $31.5m | Added +212.9k |
| Ceredex Value Advisors LLC 0.60% of their portfolio | 370.8k $31.6m | New |
| National Pension Service 0.03% of their portfolio | 336.6k $28.4m | Reduced -21.6k |
| Andra AP-fonden 0.47% of their portfolio | 331.9k $28.0m | Added +259.2k |
| HRT FINANCIAL LP 0.16% of their portfolio | 330.5k $27.9m | Added +321.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.25% of their portfolio | 323.3k $27.3m | Added +75.9k |
| CITIGROUP INC 0.03% of their portfolio | 321.2k $27.1m | Added +31.1k |
| AVIVA PLC 0.07% of their portfolio | 307.9k $26.0m | Added +70.2k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 304.6k $25.7m | Reduced -34.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 300.0k $25.3m | New |
| US BANCORP \DE\ 0.03% of their portfolio | 299.9k $25.3m | Added +13.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 288.7k $24.3m | Reduced -7.7k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.21% of their portfolio | 277.0k $23.3m | Reduced -94.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 276.6k $23.3m | Reduced -16.3k |
| TODD ASSET MANAGEMENT LLC 0.48% of their portfolio | 274.8k $23.2m | Reduced -146.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 274.5k $23.1m | Added +21.3k |
| Swiss Life Asset Management Ltd 0.27% of their portfolio | 274.4k $23.1m | Added +11.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 272.9k $23.0m | Added +22.6k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.21% of their portfolio | 269.4k $22.7m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 263.3k $22.2m | Reduced -343.4k |
| BROWN ADVISORY INC 0.03% of their portfolio | 261.8k $22.1m | Reduced -12.9k |
| ALPS ADVISORS INC 0.15% of their portfolio | 253.6k $21.4m | Reduced -34.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 247.3k $20.8m | Reduced -113.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 242.6k $20.4m | Reduced -2.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 236.8k $20.0m | Added +8.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 226.5k $19.1m | Added +15.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 221.4k $18.7m | Reduced -42.4k |
| Sabal Trust CO 1.09% of their portfolio | 217.5k $18.3m | Reduced -592 |
| NFJ INVESTMENT GROUP, LLC 0.56% of their portfolio | 217.3k $18.3m | Reduced -3.1k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 211.3k $17.8m | Added +4.6k |
| Meiji Yasuda Asset Management Co Ltd. 0.71% of their portfolio | 207.1k $17.5m | Added +19.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 206.1k $17.4m | Added +56.2k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 191.9k $16.6m | Added +7.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 184.9k $15.6m | Reduced -27.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 177.9k $15.0m | Added +125.2k |