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Build-A-Bear

192 hedge funds and large institutions have $821M invested in Build-A-Bear in 2025 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 57 increasing their positions, 75 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more call options, than puts

Call options by funds: $23.8M | Put options by funds: $8.38M

50% more funds holding in top 10

Funds holding in top 10: 69 (+3)

10.22% more ownership

Funds ownership: 93.34%103.56% (+10%)

3% more capital invested

Capital invested by funds: $798M → $821M (+$22.9M)

7% less funds holding

Funds holding: 207192 (-15)

24% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 75

31% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 39

Holders
192
Holders Change
-15
Holders Change %
-7.25%
% of All Funds
2.33%
Holding in Top 10
9
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+50%
% of All Funds
0.11%
New
27
Increased
57
Reduced
75
Closed
39
Calls
$23.8M
Puts
$8.38M
Net Calls
+$15.4M
Net Calls Change
-$5.98M
Name Holding Trade Value Shares
Change
Change in
Stake
Fisher Asset Management
51
Fisher Asset Management
Washington
$2M -$93.3K -1,715 -5%
LTM
52
Lotus Technology Management
Florida
$1.88M +$1.67M +30,625 New
JP Morgan Chase
53
JP Morgan Chase
New York
$1.86M -$174K -3,206 -10%
SG Americas Securities
54
SG Americas Securities
New York
$1.77M +$1.05M +19,229 +200%
Kovitz Investment Group Partners
55
Kovitz Investment Group Partners
Illinois
$1.75M -$97.9K -1,800 -6%
IMC Chicago
56
IMC Chicago
Illinois
$1.53M +$1.36M +24,938 New
PFS
57
Prospera Financial Services
Texas
$1.52M
Principal Financial Group
58
Principal Financial Group
Iowa
$1.49M +$428K +7,865 +48%
Point72 Asset Management
59
Point72 Asset Management
Connecticut
$1.41M -$2.27M -41,739 -64%
Janney Montgomery Scott
60
Janney Montgomery Scott
Pennsylvania
$1.4M -$35.7K -657 -3%
Los Angeles Capital Management
61
Los Angeles Capital Management
California
$1.28M -$5.66K -104 -0.4%
RWM
62
Ritholtz Wealth Management
New York
$1.25M -$6.37K -117 -0.6%
DnB Asset Management
63
DnB Asset Management
Norway
$1.23M +$1.09M +20,006 New
Barclays
64
Barclays
United Kingdom
$1.19M -$2.55M -46,949 -71%
AQR Capital Management
65
AQR Capital Management
Connecticut
$1.15M -$1.13M -20,797 -53%
Citadel Advisors
66
Citadel Advisors
Florida
$1.12M +$998K +18,340 New
SIA
67
SkyView Investment Advisors
New Jersey
$1.04M -$6.69K -123 -0.7%
WC
68
Winmill & Co
New York
$1.01M
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$952K -$154K -2,826 -15%
SPS
70
Susquehanna Portfolio Strategies
Pennsylvania
$918K +$815K +14,977 New
Wells Fargo
71
Wells Fargo
California
$890K +$329K +6,044 +71%
Marshall Wace
72
Marshall Wace
United Kingdom
$858K -$12.2M -223,927 -94%
SEI Investments
73
SEI Investments
Pennsylvania
$840K -$296K -5,438 -28%
KOC
74
Koss-Olinger Consulting
Florida
$802K -$99.2K -1,823 -12%
CIM
75
Cambria Investment Management
California
$760K +$81.5K +1,498 +14%

BBW Hedge Fund Activity: Q4 2025 in Review

192 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Build-A-Bear (BBW) for Q4 2025, worth a combined $821M — up 2.9% from $798M a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of BBW and 27 opened new positions — a net loss of 12 holders — while 75 trimmed existing stakes and 57 added.

The largest buyer was Divisadero Street Capital Management, adding an estimated $66.2M. The largest seller was Morgan Stanley, cutting an estimated $14.7M.

  • 192 institutional investors held Build-A-Bear (BBW) as of Q4 2025, down from 207 in Q3 2025.
  • Funds reported $821M of Build-A-Bear stock for Q4 2025, up 2.9% quarter-over-quarter.
  • 27 funds opened new Build-A-Bear positions in Q4 2025 and 39 closed out, a net change of -12 holders.
  • The largest Build-A-Bear buyer in Q4 2025 was Divisadero Street Capital Management, an estimated $66.2M added.
  • The largest Build-A-Bear seller in Q4 2025 was Morgan Stanley, an estimated $14.7M sold.

Based on aggregated 13F filings for Q4 2025.