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 ($68.9m this quarter). Holder counts are more reliable. Shares outstanding: 214.7m as of 2024-09-04, 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 ≈ $103.02. Options: 39 managers hold calls ($883.2m notional), 39 hold puts ($688.6m).
Trends to Q3 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 |
| Q3 2024 | 880 |
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 |
| Q3 2024 | 468 | 392 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $565.9m | $559.8m | 0.99 |
| Q1 2024 | $398.9m | $397.3m | 1.00 |
| Q2 2024 | $756.3m | $577.4m | 0.76 |
| Q3 2024 | $883.2m | $688.6m | 0.78 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +782.1k |
| Alyeska Investment Group, L.P. | Added | +767.1k |
| AQR CAPITAL MANAGEMENT LLC | Added | +765.7k |
| JPMORGAN CHASE & CO | Added | +764.4k |
| Bank of New York Mellon Corp | Added | +501.8k |
| NATIONAL BANK OF CANADA /FI/ | Added | +479.3k |
| Squarepoint Ops LLC | Added | +455.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +406.5k |
| Artisan Partners Limited Partnership | New | +406.3k |
| Allianz Asset Management GmbH | Added | +315.9k |
Biggest sellers
| Invesco Ltd. | Reduced | -1.4m |
| LORD, ABBETT & CO. LLC | Reduced | -1.0m |
| AXA S.A. | Reduced | -857.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -763.4k |
| FEDERATED HERMES, INC. | Reduced | -760.8k |
| JANE STREET GROUP, LLC | Reduced | -689.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -524.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -475.8k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -361.6k |
| Van Hulzen Asset Management, LLC | Reduced | -330.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $201.9m2.0m shares |
| Twin Tree Management, LP | Reduced | $133.3m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $93.4m904.5k shares |
| PEAK6 Investments LLC | Reduced | $52.9m511.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $48.2m466.5k shares |
| Walleye Trading LLC | Added | $48.1m465.6k shares |
| IMC-Chicago, LLC | Reduced | $42.5m411.7k shares |
| BARCLAYS PLC | Reduced | $31.0m300.0k shares |
| WELLS FARGO & COMPANY/MN | New | $28.4m275.0k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $25.8m250.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $137.8m1.3m shares |
| BARCLAYS PLC | New | $64.5m624.0k shares |
| CITADEL ADVISORS LLC | Reduced | $53.8m520.6k shares |
| JPMORGAN CHASE & CO | Added | $43.4m420.6k shares |
| JANE STREET GROUP, LLC | Added | $38.5m372.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $33.1m320.5k shares |
| IMC-Chicago, LLC | Reduced | $30.8m298.6k shares |
| Walleye Trading LLC | Reduced | $30.5m295.7k shares |
| UBS Group AG | Added | $29.7m287.3k shares |
| PEAK6 Investments LLC | Added | $29.5m285.7k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2024 | 0 | — | 3 | $14.5m | $10.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-11 | Barry Corie S CEO, director | Sold plan | $7.7m79.8k shares |
| 2024-08-30 | Scarlett Kathleen SEVP, HR, Corp Affair & Canada | Sold | $4.0m40.2k shares |
| 2024-08-29 | Bonfig Jason J SEVP Cust. Offerings & Fulfill | Sold plan | $2.5m25.0k shares |
| 2024-07-24 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $7.8m88.5k shares |
| 2024-07-23 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $27.7m311.5k shares |
| 2024-07-22 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $53.0m600.0k shares |
| 2024-07-19 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $27.3m308.7k shares |
| 2024-07-18 | SCHULZE RICHARD M Chairman Emeritus · Trustee for Revocable Trust | Sold plan | $61.2m691.3k shares |
| 2024-07-08 | Bonfig Jason J SEVP Cust. Offerings & Fulfill | Sold plan | $290.6k3.5k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 24.0m $2.5bn | First filing |
| VANGUARD GROUP INC 0.04% of their portfolio | 22.8m $2.4bn | Added +264.6k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 14.3m $1.5bn | Added +764.4k |
| STATE STREET CORP 0.06% of their portfolio | 13.3m $1.4bn | Reduced -207.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.12% of their portfolio | 6.2m $636.8m | Added +242.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 4.9m $500.0m | Added +120.2k |
| Amundi 0.14% of their portfolio | 3.8m $378.6m | Added +67.0k |
| RAYMOND JAMES & ASSOCIATES 0.22% of their portfolio | 3.4m $355.4m | Added +62.5k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 3.4m $347.6m | Added +501.8k |
| MORGAN STANLEY 0.02% of their portfolio | 3.1m $323.1m | Added +30.5k |
| Invesco Ltd. 0.06% of their portfolio | 3.1m $316.4m | Reduced -1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 3.0m $311.0m | Reduced -44.6k |
| D. E. Shaw & Co., Inc. 0.37% of their portfolio | 2.7m $283.9m | Reduced -10.9k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 2.7m $283.2m | Added +245.2k |
| NORGES BANK 0.04% of their portfolio | 2.5m $256.8m | Reduced -4.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 2.4m $247.0m | Reduced -234.6k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.2m $231.6m | Reduced -101.3k |
| AQR CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 2.1m $220.5m | Added +765.7k |
| FEDERATED HERMES, INC. 0.40% of their portfolio | 1.8m $184.4m | Reduced -760.8k |
| Legal & General Group Plc 0.05% of their portfolio | 1.7m $175.4m | Added +77.5k |
| Raymond James Financial Services Advisors, Inc. 0.23% of their portfolio | 1.7m $172.2m | Reduced -107.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.6m $163.1m | Added +159.2k |
| Ninety One UK Ltd 0.41% of their portfolio | 1.5m $152.8m | Added +40.1k |
| LSV ASSET MANAGEMENT 0.32% of their portfolio | 1.5m $151.0m | Reduced -27.5k |
| EAGLE ASSET MANAGEMENT INC 0.63% of their portfolio | 1.4m $123.8m | Added +44.7k |
| Allianz Asset Management GmbH 0.22% of their portfolio | 1.4m $141.5m | Added +315.9k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 1.4m $141.2m | Added +782.1k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 1.2m $129.0m | Added +277.3k |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 1.2m $119.9m | Added +61.1k |
| Newport Trust Company, LLC 0.28% of their portfolio | 1.1m $117.4m | Reduced -15.3k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.1m $112.1m | Added +115.0k |
| Alyeska Investment Group, L.P. 0.47% of their portfolio | 887.8k $91.7m | Added +767.1k |
| STIFEL FINANCIAL CORP 0.10% of their portfolio | 880.3k $90.9m | Reduced -62.2k |
| UBS Group AG 0.03% of their portfolio | 877.8k $90.7m | Added +79.8k |
| Aberdeen Group plc 0.17% of their portfolio | 875.5k $90.2m | Added +26.4k |
| LORD, ABBETT & CO. LLC 0.28% of their portfolio | 837.3k $86.5m | Reduced -1.0m |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 822.3k $84.9m | Added +4.1k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 779.6k $80.5m | Added +128.8k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 753.5k $73.0m | Added +201.6k |
| MAIRS & POWER INC 0.73% of their portfolio | 746.2k $77.1m | Added +1.6k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 681.0k $70.4m | Reduced -16.2k |
| HS Management Partners, LLC 4.20% of their portfolio | 631.8k $65.3m | Reduced -208.2k |
| Swiss National Bank 0.04% of their portfolio | 608.3k $62.8m | Added +34.3k |
| Epoch Investment Partners, Inc. 0.28% of their portfolio | 595.7k $61.5m | Added +588 |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 585.0k $60.4m | Reduced -164.8k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 582.9k $60.2m | Added +11.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 572.1k $58.5m | Reduced -763.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 560.9k $57.9m | Added +13.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 553.5k $57.2m | Added +406.5k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 538.2k $55.6m | Reduced -107.3k |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 537.9k $55.6m | Added +479.3k |
| BARCLAYS PLC 0.02% of their portfolio | 529.9k $54.7m | Added +28.4k |
| Swedbank AB 0.07% of their portfolio | 505.0k $52.2m | Reduced -1.8k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 464.5k $48.1m | Added +1.2k |
| Squarepoint Ops LLC 0.16% of their portfolio | 460.9k $47.6m | Added +455.6k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 451.6k $46.7m | Added +59.9k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 450.4k $46.5m | Added +68.3k |
| Andra AP-fonden 0.68% of their portfolio | 449.1k $46.4m | Added +117.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 435.1k $44.9m | Added +43.8k |
| AVIVA PLC 0.11% of their portfolio | 420.0k $43.4m | Added +112.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio | 418.3k $43.2m | Reduced -524.6k |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 406.3k $42.0m | New |
| National Pension Service 0.04% of their portfolio | 397.5k $41.1m | Added +60.9k |
| California Public Employees Retirement System 0.03% of their portfolio | 395.4k $40.8m | Added +19.7k |
| Van Hulzen Asset Management, LLC 2.82% of their portfolio | 377.6k $39.0m | Reduced -330.0k |
| KBC Group NV 0.12% of their portfolio | 375.6k $38.8m | Reduced -46.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 373.4k $38.6m | Added +96.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.34% of their portfolio | 369.5k $38.2m | Added +100.1k |
| CONNING INC. 1.26% of their portfolio | 369.2k $38.1m | Reduced -30.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 367.3k $37.9m | Reduced -475.8k |
| Candriam S.C.A. 0.21% of their portfolio | 346.9k $35.8m | Added +248.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 342.1k $35.3m | Added +67.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.28% of their portfolio | 323.1k $31.3m | Reduced -89.9k |
| CITIGROUP INC 0.03% of their portfolio | 320.8k $33.1m | Reduced -406 |
| TCW GROUP INC 0.29% of their portfolio | 316.6k $32.7m | Added +193.2k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 301.3k $31.1m | Reduced -3.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 298.5k $30.8m | Added +25.6k |
| FMR LLC 0.00% of their portfolio | 297.4k $30.7m | Reduced -246.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 294.9k $30.5m | Added +6.2k |
| Ceredex Value Advisors LLC 0.59% of their portfolio | 292.0k $30.4m | Reduced -78.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 282.0k $29.1m | Added +34.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 276.7k $28.6m | Added +13.4k |
| BROWN ADVISORY INC 0.04% of their portfolio | 274.2k $28.3m | Added +12.4k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.25% of their portfolio | 272.8k $28.2m | Reduced -4.1k |
| TODD ASSET MANAGEMENT LLC 0.65% of their portfolio | 271.3k $28.0m | Reduced -3.5k |
| Swiss Life Asset Management Ltd 0.31% of their portfolio | 267.2k $27.6m | Reduced -7.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.08% of their portfolio | 264.1k $27.3m | Added +99.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 248.5k $25.7m | Added +22.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 247.5k $25.6m | Added +5.0k |
| ALPS ADVISORS INC 0.17% of their portfolio | 244.7k $25.3m | Reduced -8.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.18% of their portfolio | 244.5k $25.3m | Reduced -78.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.12% of their portfolio | 238.1k $24.6m | Added +119.5k |
| SG Americas Securities, LLC 0.09% of their portfolio | 234.5k $24.2m | Reduced -139.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 221.6k $22.9m | Added +177 |
| Sabal Trust CO 1.21% of their portfolio | 215.8k $22.3m | Reduced -1.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 215.3k $22.2m | Added +84.9k |
| NFJ INVESTMENT GROUP, LLC 0.64% of their portfolio | 210.8k $21.8m | Reduced -6.4k |
| US BANCORP \DE\ 0.03% of their portfolio | 208.4k $21.5m | Reduced -91.4k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 203.5k $21.0m | New |
| Meiji Yasuda Asset Management Co Ltd. 0.80% of their portfolio | 202.6k $20.9m | Reduced -4.5k |