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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
Bessemer Group
176
Bessemer Group
New Jersey
$2K
TWD
177
True Wealth Design
Ohio
$1.9K
Fifth Third Bancorp
178
Fifth Third Bancorp
Ohio
$1.65K
KG
179
Kilter Group
New York
$1.53K -$1.36K -25 -50%
PNC Financial Services Group
180
PNC Financial Services Group
Pennsylvania
$1.29K -$5.06K -93 -82%
AssetMark Inc
181
AssetMark Inc
California
$797 -$707 -13 -50%
AWM
182
Activest Wealth Management
Florida
$674
RIL
183
Rothschild Investment LLC
Illinois
$613
SAG
184
SageView Advisory Group
California
$613 +$544 +10 New
AF
185
Allworth Financial
California
$429 -$54 -1 -13%
RFP
186
Root Financial Partners
California
$429
US Bancorp
187
US Bancorp
Minnesota
$368
ADL
188
Asset Dedication LLC
California
$307
MCM
189
MAI Capital Management
Ohio
$307 +$272 +5 New
MWA
190
Miller Wealth Advisors
Colorado
$306 +$109 +2 +67%
MPWT
191
MassMutual Private Wealth & Trust
Connecticut
$123 +$109 +2 New
LCM
192
Landscape Capital Management
New Jersey
-$6.89M -105,702 Closed
EI
193
EAM Investors
California
-$6.31M -97,938 Closed
Janus Henderson Group
194
Janus Henderson Group
United Kingdom
-$5.27M -80,851 Closed
HF
195
HRT Financial
New York
-$3.28M -50,363 Closed
Squarepoint
196
Squarepoint
New York
-$2.51M -38,544 Closed
SFS
197
Sowell Financial Services
Arkansas
-$1.59M -24,455 Closed
CAMG
198
CWA Asset Management Group
Florida
-$1.46M -22,365 Closed
II
199
Inspire Investing
Idaho
-$937K -14,371 Closed
Connor, Clark & Lunn Investment Management (CC&L)
200
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$891K -13,662 Closed

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.