Build-A-Bear
BBW
118 hedge funds and large institutions have $251M invested in Build-A-Bear in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 39 increasing their positions, 35 reducing their positions, and 20 closing their positions.
35% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 20
11% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 35
6% more funds holding
Funds holding: 111 → 118 (+7)
5% less capital invested
Capital invested by funds: $263M → $251M (-$11.9M)
1.62% less ownership
Funds ownership: 74.86% → 73.24% (-1.6%)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
50% less call options, than puts
Call options by funds: $16.2M | Put options by funds: $32.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$7.54M |
| 2 |
Morgan Stanley
New York
|
+$5.46M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$4.26M |
| 4 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$3.11M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KWM
Kanen Wealth Management
Coconut Creek,
Florida
|
-$23.3M |
| 2 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$11M |
| 3 |
CCM
Chimera Capital Management
New York
|
-$8.09M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
-$4.95M |
| 5 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$3.67M |
BBW Hedge Fund Activity: Q1 2023 in Review
118 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Build-A-Bear (BBW) for Q1 2023, worth a combined $251M — down 4.5% from $263M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new BBW positions and 20 closed out — a net gain of 7 holders — while 39 added to existing stakes and 35 trimmed.
The largest buyer was Millennium Management, adding an estimated $7.54M. The largest seller was Kanen Wealth Management, cutting an estimated $23.3M.
- 118 institutional investors held Build-A-Bear (BBW) as of Q1 2023, up from 111 in Q4 2022.
- Funds reported $251M of Build-A-Bear stock for Q1 2023, down 4.5% quarter-over-quarter.
- 27 funds opened new Build-A-Bear positions in Q1 2023 and 20 closed out, a net change of +7 holders.
- The largest Build-A-Bear buyer in Q1 2023 was Millennium Management, an estimated $7.54M added.
- The largest Build-A-Bear seller in Q1 2023 was Kanen Wealth Management, an estimated $23.3M sold.
Based on aggregated 13F filings for Q1 2023.