Academy Sports + Outdoors
ASO
367 hedge funds and large institutions have $3.75B invested in Academy Sports + Outdoors in 2025 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 127 increasing their positions, 136 reducing their positions, and 48 closing their positions.
29% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 48
2% more funds holding
Funds holding: 361 → 367 (+6)
0.82% more ownership
Funds ownership: 111.55% → 112.37% (+0.82%)
1% more capital invested
Capital invested by funds: $3.72B → $3.75B (+$29.8M)
7% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 136
19% less call options, than puts
Call options by funds: $72.1M | Put options by funds: $88.8M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$23.2M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$16.4M |
| 3 |
BL
BWCP LP
Dallas,
Texas
|
+$16.3M |
| 4 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$16.2M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$66.3M |
| 2 |
JCM
Junto Capital Management
New York
|
-$36.6M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$23.4M |
| 4 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
-$16.1M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$12.7M |
ASO Hedge Fund Activity: Q4 2025 in Review
367 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Academy Sports + Outdoors (ASO) for Q4 2025, worth a combined $3.75B — up 0.8% from $3.72B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new ASO positions and 48 closed out — a net gain of 14 holders — while 127 added to existing stakes and 136 trimmed.
The largest buyer was Invesco, adding an estimated $23.2M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $66.3M sold.
- 367 institutional investors held Academy Sports + Outdoors (ASO) as of Q4 2025, up from 361 in Q3 2025.
- Funds reported $3.75B of Academy Sports + Outdoors stock for Q4 2025, up 0.8% quarter-over-quarter.
- 62 funds opened new Academy Sports + Outdoors positions in Q4 2025 and 48 closed out, a net change of +14 holders.
- The largest Academy Sports + Outdoors buyer in Q4 2025 was Invesco, an estimated $23.2M added.
- The largest Academy Sports + Outdoors seller in Q4 2025 was William Blair Investment Management, an estimated $66.3M sold.
Based on aggregated 13F filings for Q4 2025.