Build-A-Bear
BBW
207 hedge funds and large institutions have $798M invested in Build-A-Bear in 2025 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 65 increasing their positions, 64 reducing their positions, and 27 closing their positions.
175% more call options, than puts
Call options by funds: $33.5M | Put options by funds: $12.2M
81% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 27
32% more capital invested
Capital invested by funds: $606M → $798M (+$192M)
12% more funds holding
Funds holding: 185 → 207 (+22)
4.31% more ownership
Funds ownership: 89.03% → 93.34% (+4.3%)
2% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 64
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$13M |
| 2 |
Morgan Stanley
New York
|
+$12M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$9.74M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$8.91M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$5.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$15.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$7.38M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$4.91M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
-$4.34M |
| 5 |
Jane Street
New York
|
-$3.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LSA
226
Lion Street Advisors
Austin,
Texas
| – | -$278K | -5,400 | Closed |
|
|
BAM
227
Blueshift Asset Management
Red Bank,
New Jersey
| – | -$256K | -4,961 | Closed |
|
|
HWM
228
Hohimer Wealth Management
Seattle,
Washington
| – | -$241K | -4,665 | Closed |
|
|
QC
229
Quadrature Capital
London,
United Kingdom
| – | -$201K | -3,891 | Closed |
|
|
FSCM
230
First Sabrepoint Capital Management
Dallas,
Texas
| – | -$117K | -2,262 | Closed |
|
231
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| – | -$56.7K | -1,100 | Closed |
|
|
BIG
232
Brooklyn Investment Group
Brooklyn,
New York
| – | -$18.3K | -354 | Closed |
|
233
Raymond James Financial
St Petersburg,
Florida
| – | -$13K | -252 | Closed |
|
BBW Hedge Fund Activity: Q3 2025 in Review
207 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Build-A-Bear (BBW) for Q3 2025, worth a combined $798M — up 32% from $606M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new BBW positions and 27 closed out — a net gain of 22 holders — while 65 added to existing stakes and 64 trimmed.
The largest buyer was Fuller & Thaler Asset Management, opening a new position worth an estimated $13M. The largest seller was AllianceBernstein, cutting an estimated $15.3M.
- 207 institutional investors held Build-A-Bear (BBW) as of Q3 2025, up from 185 in Q2 2025.
- Funds reported $798M of Build-A-Bear stock for Q3 2025, up 32% quarter-over-quarter.
- 49 funds opened new Build-A-Bear positions in Q3 2025 and 27 closed out, a net change of +22 holders.
- The largest Build-A-Bear buyer in Q3 2025 was Fuller & Thaler Asset Management, an estimated $13M added.
- The largest Build-A-Bear seller in Q3 2025 was AllianceBernstein, an estimated $15.3M sold.
Based on aggregated 13F filings for Q3 2025.