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 ($77.1m this quarter). Holder counts are more reliable. Shares outstanding: 210.1m as of 2025-09-03, 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 ≈ $75.63. Options: 32 managers hold calls ($444.1m notional), 34 hold puts ($528.1m).
Trends to Q3 2025
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 |
| Q4 2024 | 856 |
| Q1 2025 | 818 |
| Q2 2025 | 817 |
| Q3 2025 | 869 |
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 2023 | 354 | 342 |
| Q1 2024 | 411 | 350 |
| Q2 2024 | 444 | 352 |
| Q3 2024 | 468 | 392 |
| Q4 2024 | 404 | 425 |
| Q1 2025 | 379 | 442 |
| Q2 2025 | 427 | 396 |
| Q3 2025 | 438 | 384 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $475.5m | $559.3m | 1.18 |
| Q1 2025 | $225.6m | $335.3m | 1.49 |
| Q2 2025 | $291.0m | $411.8m | 1.42 |
| Q3 2025 | $444.1m | $528.1m | 1.19 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +4.0m |
| AQR CAPITAL MANAGEMENT LLC | Added | +3.5m |
| JANUS HENDERSON GROUP PLC | Added | +886.7k |
| Pacer Advisors, Inc. | Added | +764.1k |
| Balyasny Asset Management L.P. | New | +733.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +667.8k |
| SCOPUS ASSET MANAGEMENT, L.P. | New | +602.0k |
| VANGUARD GROUP INC | Added | +552.4k |
| Man Group plc | Added | +551.2k |
| TWO SIGMA INVESTMENTS, LP | Added | +496.0k |
Biggest sellers
| Amundi | Reduced | -1.6m |
| Thrivent Financial for Lutherans | Reduced | -1.5m |
| D. E. Shaw & Co., Inc. | Reduced | -1.4m |
| Squarepoint Ops LLC | Reduced | -1.1m |
| ROYAL BANK OF CANADA | Reduced | -944.9k |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -571.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -533.3k |
| MARSHALL WACE, LLP | Reduced | -500.0k |
| HSBC HOLDINGS PLC | Reduced | -383.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -351.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $103.5m1.4m shares |
| CITADEL ADVISORS LLC | Added | $57.6m761.7k shares |
| Parallax Volatility Advisers, L.P. | New | $51.3m678.8k shares |
| Squarepoint Ops LLC | Added | $34.8m459.6k shares |
| IMC-Chicago, LLC | Added | $29.4m388.8k shares |
| JANE STREET GROUP, LLC | Reduced | $22.2m293.8k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $15.1m200.0k shares |
| Nishkama Capital, LLC | New | $13.9m184.0k shares |
| WOLVERINE TRADING, LLC | New | $12.8m168.7k shares |
| Walleye Trading LLC | Reduced | $12.3m162.3k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $113.6m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $77.6m1.0m shares |
| CITADEL ADVISORS LLC | Added | $72.8m962.1k shares |
| BARCLAYS PLC | Unchanged | $68.1m900.0k shares |
| Walleye Trading LLC | Reduced | $26.4m349.4k shares |
| IMC-Chicago, LLC | Reduced | $23.7m313.7k shares |
| PEAK6 LLC | Reduced | $19.0m251.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.8m156.4k shares |
| BANK OF AMERICA CORP /DE/ | Added | $11.4m150.5k shares |
| JPMORGAN CHASE & CO | Added | $11.3m150.0k 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 2025
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 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 7 | $5.5m | — |
| Q2 2024 | 0 | — | 7 | $727.0k | — |
| Q3 2024 | 0 | — | 3 | $14.5m | $10.5m |
| Q4 2024 | 0 | — | 1 | $6.0m | $6.0m |
| Q1 2025 | 1 | $984.4k | 6 | $6.4m | $4.5m |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $430.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-04 | Watson Mathew SVP, Controller & CAO | Sold | $154.9k2.0k shares |
| 2025-09-03 | SCHULZE RICHARD M Chairman Emeritus · Family Foundation | Sold | $14.5m196.1k shares |
| 2025-08-29 | Watson Mathew SVP, Controller & CAO | Sold | $275.2k3.7k 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 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 24.9m $1.9bn | Reduced -120.7k |
| VANGUARD GROUP INC 0.03% of their portfolio | 23.9m $1.8bn | Added +552.4k |
| STATE STREET CORP 0.04% of their portfolio | 13.3m $1.0bn | Reduced -294.7k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 9.4m $712.3m | Added +4.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 7.3m $551.4m | Added +253.4k |
| AQR CAPITAL MANAGEMENT LLC 0.34% of their portfolio | 7.0m $525.1m | Added +3.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.2m $392.6m | Added +165.2k |
| RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio | 4.5m $337.5m | Reduced -54.4k |
| Invesco Ltd. 0.05% of their portfolio | 4.5m $337.3m | Reduced -88.6k |
| MORGAN STANLEY 0.01% of their portfolio | 3.2m $239.9m | Added +46.1k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 3.1m $234.8m | Reduced -160.1k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 3.0m $224.5m | Added +489.6k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.9m $218.4m | Added +150.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.5m $186.7m | Reduced -533.3k |
| UBS Group AG 0.03% of their portfolio | 2.1m $155.7m | Added +26.4k |
| Pacer Advisors, Inc. 0.39% of their portfolio | 2.0m $151.2m | Added +764.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.8m $132.7m | Added +39.0k |
| Legal & General Group Plc 0.03% of their portfolio | 1.7m $125.6m | Added +5.1k |
| Allianz Asset Management GmbH 0.15% of their portfolio | 1.6m $124.0m | Added +89.1k |
| FEDERATED HERMES, INC. 0.19% of their portfolio | 1.4m $107.6m | Reduced -2.8k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 1.4m $106.0m | Reduced -1.4m |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.4m $104.7m | Reduced -944.9k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.4m $104.5m | Added +76.5k |
| LSV ASSET MANAGEMENT 0.22% of their portfolio | 1.3m $98.9m | Reduced -35.4k |
| Amundi 0.03% of their portfolio | 1.2m $93.8m | Reduced -1.6m |
| Newport Trust Company, LLC 0.20% of their portfolio | 1.2m $87.7m | Added +2.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.1m $84.5m | Reduced -351.6k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.0m $76.5m | Reduced -383.2k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 916.6k $69.3m | Added +886.7k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 857.8k $64.8m | Reduced -93.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 842.0k $63.7m | Added +118.1k |
| California Public Employees Retirement System 0.03% of their portfolio | 771.5k $58.3m | Added +425.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 763.0k $57.7m | Reduced -299.2k |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 751.3k $56.8m | Added +203.6k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 744.5k $56.3m | Reduced -24.2k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 733.6k $55.5m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.21% of their portfolio | 692.7k $52.4m | Added +667.8k |
| Man Group plc 0.10% of their portfolio | 685.3k $51.8m | Added +551.2k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 675.3k $51.1m | Added +98.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 648.7k $49.1m | Added +165.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 646.7k $48.9m | Added +41.2k |
| CITIGROUP INC 0.03% of their portfolio | 646.5k $48.9m | Added +187.0k |
| Epoch Investment Partners, Inc. 0.27% of their portfolio | 638.8k $48.3m | Added +14.6k |
| BARCLAYS PLC 0.02% of their portfolio | 631.2k $47.7m | Reduced -212.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.09% of their portfolio | 619.8k $46.9m | Added +337.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 603.2k $45.6m | Reduced -571.0k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.09% of their portfolio | 602.0k $45.5m | New |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 589.4k $44.6m | Added +44.6k |
| Swiss National Bank 0.03% of their portfolio | 578.6k $43.8m | Reduced -29.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 574.6k $43.4m | Reduced -17.0k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 571.9k $43.2m | Added +2.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 563.4k $42.2m | Reduced -26.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 536.9k $40.6m | Reduced -192.0k |
| ING GROEP NV 0.22% of their portfolio | 535.2k $40.5m | Added +446.0k |
| Nuveen, LLC 0.01% of their portfolio | 535.2k $40.5m | Reduced -16.2k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 525.7k $39.8m | Added +496.0k |
| NATIXIS 0.20% of their portfolio | 493.9k $37.4m | Added +391.7k |
| Andra AP-fonden 0.44% of their portfolio | 459.5k $34.7m | Reduced -30.8k |
| TORONTO DOMINION BANK 0.07% of their portfolio | 456.3k $34.5m | Added +376.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 440.2k $33.4m | Added +10.6k |
| Interval Partners, LP 0.70% of their portfolio | 431.9k $32.7m | Added +408.7k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.14% of their portfolio | 417.7k $31.6m | Reduced -268.9k |
| CONNING INC. 1.05% of their portfolio | 417.2k $31.5m | Reduced -61.9k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 416.4k $31.5m | Reduced -162.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 405.2k $30.6m | Reduced -302.6k |
| IEQ CAPITAL, LLC 0.09% of their portfolio | 397.7k $30.1m | Added +237.2k |
| Walleye Capital LLC 0.24% of their portfolio | 385.5k $29.2m | Added +379.2k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 374.9k $28.4m | Reduced -58.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 374.1k $28.3m | Added +34.2k |
| Swedbank AB 0.03% of their portfolio | 365.1k $27.6m | Added +20.0k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.21% of their portfolio | 356.8k $27.0m | Added +3.5k |
| TODD ASSET MANAGEMENT LLC 0.54% of their portfolio | 355.1k $26.9m | Added +3.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 346.1k $26.2m | Added +8.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 342.9k $25.9m | Added +29.3k |
| FMR LLC 0.00% of their portfolio | 324.5k $24.5m | Reduced -325.5k |
| ALPS ADVISORS INC 0.14% of their portfolio | 323.3k $24.5m | Reduced -14.3k |
| Gotham Asset Management, LLC 0.10% of their portfolio | 314.4k $23.8m | Added +94.4k |
| Swiss Life Asset Management Ltd 0.12% of their portfolio | 309.2k $23.4m | Reduced -31.9k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 302.5k $22.9m | Added +106.0k |
| Caisse de depot et placement du Quebec 0.04% of their portfolio | 300.5k $22.7m | Added +184.4k |
| Cerity Partners LLC 0.04% of their portfolio | 299.1k $22.6m | Added +116.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 297.7k $22.5m | Reduced -5.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio | 295.4k $22.3m | Reduced -7.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 281.6k $21.3m | Reduced -661 |
| STRS OHIO 0.08% of their portfolio | 281.6k $21.3m | Added +2.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 267.8k $20.3m | Reduced -249.2k |
| KBC Group NV 0.05% of their portfolio | 267.5k $20.2m | Added +111.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 264.5k $20.0m | Reduced -308.4k |
| Achmea Investment Management B.V. 0.25% of their portfolio | 261.8k $19.8m | Added +81.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 241.9k $18.3m | Reduced -6.9k |
| Shellback Capital, LP 1.15% of their portfolio | 239.0k $18.1m | Added +211.0k |
| Aberdeen Group plc 0.03% of their portfolio | 238.9k $17.8m | Reduced -15.1k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 231.9k $17.5m | Added +11.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 231.5k $17.5m | Added +223.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 230.4k $17.4m | Reduced -107.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 215.5k $16.3m | Reduced -1.1k |
| Quantinno Capital Management LP 0.04% of their portfolio | 214.4k $16.2m | Added +47.2k |
| US BANCORP \DE\ 0.02% of their portfolio | 214.1k $16.2m | Reduced -13.4k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 211.2k $16.0m | Added +194.5k |
| Illinois Municipal Retirement Fund 0.20% of their portfolio | 210.6k $15.9m | Added +16.4k |