Will Best Buy’s Decline In Sales Give These Top Institutional Shareholders A Reason To Be Concerned?

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Best Buy Co. Inc. (NYSE:BBY) saw a 4.0% comparable store sales decline in their domestic segment revenue and from the impact of store closures. Furthermore, international comparable store sales saw a 5.2% drop and comparable store sales growth in Europe was more than offset by the declines in Canada and China.

Will Best Buy Co. Inc.’s shareholders decrease their holdings? They reported owning a total of 261.21 million shares on 09/30/2012. The shares closed at $17.20 on 09/30/2012.

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Here are the ten largest positions in Best Buy Co. Inc. at the end of September 30th, 2012.

FMR LLC. held 38,858,761 shares on 09/30/2012 worth $668,370,719. This brought the portfolio total to 0.12%.

State Street Corp. held 11,561,807 shares on 09/30/2012 worth $198,863,089. This brought the portfolio total to 0.03%.

Vanguard Group Inc. held 11,505,153 shares on 09/30/2012 worth $197,888,640. This brought the portfolio total to 0.03%.

Putnam Investment Management LLC. held 9,433,633 shares on 09/30/2012 worth $162,258,495. This brought the portfolio total to 0.47%.

NWQ Investment Management Co. LLC. held 8,842,934 shares on 09/30/2012 worth $152,098,472. This brought the portfolio total to 1.09%.

Blackrock Institutional Trust Company N.A. held 7,352,810 shares on 09/30/2012 worth $126,468,338. This brought the portfolio total to 0.03%.

Manufactureres life insurance co held 5,823,278 shares on 09/30/2012 worth $100,160,386. This brought the portfolio total to 0.8%.

Vinik Asset Management LP. held 5,174,900 shares on 09/30/2012 worth $89,008,284. This brought the portfolio total to 1.5%.

AJO LP. held 5,083,800 shares on 09/30/2012 worth $87,441,364. This brought the portfolio total to 0.43%.

TIAA Cref Investment Management LLC. held 4,966,933 shares on 09/30/2012 worth $85,431,251. This brought the portfolio total to 0.08%.

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