How Will This Shift Affect Best Buy’s Top Institutional Shareholders?

Best Buy (NYSE:BBY): Shares of the electronics retailer are gliding, following the termination of a partnership with Carphone Warehouse, a British based firm that will pay 471 million pounds to buy back its independence from Best Buy. “Following the sale of our US interest last year we have become increasingly responsible for the day-to-day operations of Carphone Warehouse Europe,” the company said. “Whilst conversely Best Buy has become more focussed on their wholly-owned business. As a result, both parties have agreed that this is a good time for us to bring the joint venture to an end, whilst ensuring our relationship remains in place by way of our global buying alliance.”

These institutional firms indicated owning shares of Best Buy Co. Inc. in Q1 2013. They reported owning a total of 81.804 million shares on 03/31/2013. The shares closed at $22.15 on 03/31/2013.

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Here are the ten largest positions in Best Buy Co. Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 16,901,593 shares on 03/31/2013 worth $374,370,279. This brought the portfolio total to 0.04%.

State Street Corp. held 11,393,348 shares on 03/31/2013 worth $252,362,654. This brought the portfolio total to 0.03%.

Bank of New York Mellon Corp. held 8,999,197 shares on 03/31/2013 worth $199,332,210. This brought the portfolio total to 0.06%.

Blackrock Institutional Trust Company N.A. held 7,186,204 shares on 03/31/2013 worth $159,174,416. This brought the portfolio total to 0.03%.

Cooke & Bieler L.P. held 3,555,264 shares on 03/31/2013 worth $78,749,096. This brought the portfolio total to 1.8%.

Blackrock Fund Advisors held 2,888,792 shares on 03/31/2013 worth $63,986,742. This brought the portfolio total to 0.02%.

Scopus Asset Management L.P. held 2,470,500 shares on 03/31/2013 worth $54,721,574. This brought the portfolio total to 1.59%.

Blackrock Group Ltd held 2,060,880 shares on 03/31/2013 worth $45,648,491. This brought the portfolio total to 0.03%.

JPMorgan Chase & Co. held 1,801,644 shares on 03/31/2013 worth $39,906,414. This brought the portfolio total to 0.01%.

HGK Asset Management Inc. held 1,561,617 shares on 03/31/2013 worth $34,589,816. This brought the portfolio total to 1.21%.

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