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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
BBPWM
101
Blue Bell Private Wealth Management
Pennsylvania
$340K +$300K +5,514 +15,754%
IIM
102
INTECH Investment Management
Florida
$339K +$65.1K +1,196 +28%
XT
103
XTX Topco
Cayman Islands
$333K +$295K +5,430 New
IA
104
Integrity Alliance
Iowa
$331K +$294K +5,400 New
Nisa Investment Advisors
105
Nisa Investment Advisors
Missouri
$321K -$4.57K -84 -2%
Creative Planning
106
Creative Planning
Kansas
$317K +$82.6K +1,519 +42%
BP
107
Ballentine Partners
Massachusetts
$312K
GCS
108
Gordian Capital (Singapore)
Singapore
$306K -$615K -11,300 -69%
PCM
109
Perritt Capital Management
Illinois
$306K
SL
110
Sentinus LLC
Illinois
$306K +$272K +5,000 New
DS
111
DRW Securities
Illinois
$294K +$261K +4,803 New
ETC
112
Exchange Traded Concepts
Oklahoma
$284K +$46.3K +851 +23%
LPL Financial
113
LPL Financial
California
$282K -$307K -5,635 -55%
JIR
114
James Investment Research
Ohio
$248K
Ameriprise
115
Ameriprise
Minnesota
$235K -$1.3M -23,913 -86%
State Board of Administration of Florida Retirement System
116
State Board of Administration of Florida Retirement System
Florida
$234K
Manulife (Manufacturers Life Insurance)
117
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$227K -$25.8K -475 -11%
New York State Common Retirement Fund
118
New York State Common Retirement Fund
New York
$215K
PFSRSONJ
119
Police & Firemen's Retirement System of New Jersey
New Jersey
$210K
Commonwealth Equity Services
120
Commonwealth Equity Services
Massachusetts
$208K +$12K +221 +7%
OWA
121
One Wealth Advisors
California
$203K +$2.5K +46 +1%
Fidelity Investments
122
Fidelity Investments
Massachusetts
$196K +$97.7K +1,796 +129%
Citigroup
123
Citigroup
New York
$183K -$6.53K -120 -4%
Legal & General Group
124
Legal & General Group
United Kingdom
$152K -$5.33K -98 -4%
TRCT
125
Tower Research Capital (TRC)
New York
$124K -$54.6K -1,003 -33%

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.