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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
AllianceBernstein
76
AllianceBernstein
Tennessee
$758K -$851K -15,648 -56%
GCM
77
Gallacher Capital Management
Colorado
$697K -$129K -2,370 -17%
Deutsche Bank
78
Deutsche Bank
Germany
$660K +$19.8K +363 +3%
CCIA
79
Campbell & Co Investment Adviser
Maryland
$652K +$338K +6,218 +141%
Lazard Asset Management
80
Lazard Asset Management
New York
$622K -$436K -8,005 -44%
OIA
81
OneDigital Investment Advisors
Kansas
$622K -$14.4K -264 -3%
SA
82
Sanctuary Advisors
Indiana
$619K -$151K -2,774 -22%
Franklin Resources
83
Franklin Resources
California
$600K +$28.2K +518 +6%
Raymond James Financial
84
Raymond James Financial
Florida
$549K +$488K +8,967 New
BF
85
BOK Financial
Oklahoma
$519K -$2.34K -43 -0.5%
QCM
86
Quantinno Capital Management
New York
$506K +$450K +8,265 New
SOADOR
87
State of Alaska Department of Revenue
Alaska
$489K +$397K +7,288 +1,037%
SOW
88
State of Wyoming
Wyoming
$486K +$83.2K +1,529 +24%
MIM
89
MetLife Investment Management
New Jersey
$433K
Rafferty Asset Management
90
Rafferty Asset Management
New York
$423K +$120K +2,204 +47%
SC
91
Savant Capital
Illinois
$418K -$32.2K -591 -8%
Two Sigma Advisers
92
Two Sigma Advisers
New York
$417K +$5.44K +100 +1%
D.E. Shaw & Co
93
D.E. Shaw & Co
New York
$382K -$276K -5,069 -45%
BHCM
94
Brevan Howard Capital Management
Jersey
$382K +$119K +2,183 +54%
AA
95
ALPS Advisors
Colorado
$382K +$3.75K +69 +1%
Envestnet Asset Management
96
Envestnet Asset Management
Illinois
$372K -$114K -2,087 -26%
Verition Fund Management
97
Verition Fund Management
Connecticut
$355K -$29.1K -534 -8%
Mirae Asset Global ETFs Holdings
98
Mirae Asset Global ETFs Holdings
Hong Kong
$354K +$1.63K +30 +0.5%
Russell Investments Group
99
Russell Investments Group
United Kingdom
$353K -$2.75M -50,526 -90%
Cetera Investment Advisers
100
Cetera Investment Advisers
Illinois
$342K -$113K -2,068 -27%

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.