Build-A-Bear
BBW
185 hedge funds and large institutions have $606M invested in Build-A-Bear in 2025 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 50 increasing their positions, 66 reducing their positions, and 23 closing their positions.
96% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 23
70% more call options, than puts
Call options by funds: $8.18M | Put options by funds: $4.8M
43% more capital invested
Capital invested by funds: $425M → $606M (+$181M)
12% more funds holding
Funds holding: 165 → 185 (+20)
3.94% more ownership
Funds ownership: 85.09% → 89.03% (+3.9%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
24% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$31.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$5.24M |
| 3 |
CA
CSM Advisors
Warrendale,
Pennsylvania
|
+$5.12M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$4.03M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$3.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$17.9M |
| 2 |
PCI
Pacifica Capital Investments
Leander,
Texas
|
-$3.74M |
| 3 |
QC
Quantedge Capital
Singapore
|
-$3.24M |
| 4 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$3.15M |
| 5 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$2.42M |
BBW Hedge Fund Activity: Q2 2025 in Review
185 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Build-A-Bear (BBW) for Q2 2025, worth a combined $606M — up 43% from $425M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new BBW positions and 23 closed out — a net gain of 22 holders — while 50 added to existing stakes and 66 trimmed.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $31.2M. The largest seller was AllianceBernstein, cutting an estimated $17.9M.
- 185 institutional investors held Build-A-Bear (BBW) as of Q2 2025, up from 165 in Q1 2025.
- Funds reported $606M of Build-A-Bear stock for Q2 2025, up 43% quarter-over-quarter.
- 45 funds opened new Build-A-Bear positions in Q2 2025 and 23 closed out, a net change of +22 holders.
- The largest Build-A-Bear buyer in Q2 2025 was Thrivent Financial for Lutherans, an estimated $31.2M added.
- The largest Build-A-Bear seller in Q2 2025 was AllianceBernstein, an estimated $17.9M sold.
Based on aggregated 13F filings for Q2 2025.