Build-A-Bear
BBW
125 hedge funds and large institutions have $258M invested in Build-A-Bear in 2023 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 49 increasing their positions, 37 reducing their positions, and 29 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 37
2.8% more ownership
Funds ownership: 75.64% → 78.43% (+2.8%)
8% less funds holding
Funds holding: 136 → 125 (-11)
15% less call options, than puts
Call options by funds: $16.9M | Put options by funds: $19.8M
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
21% less capital invested
Capital invested by funds: $325M → $258M (-$66.8M)
34% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCI
Pacifica Capital Investments
Leander,
Texas
|
+$12.8M |
| 2 |
Millennium Management
New York
|
+$4.8M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.09M |
| 4 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$3.24M |
| 5 |
Goldman Sachs
New York
|
+$2.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$5.17M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$4.82M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.31M |
| 4 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$3.59M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.52M |
BBW Hedge Fund Activity: Q4 2023 in Review
125 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Build-A-Bear (BBW) for Q4 2023, worth a combined $258M — down 21% from $325M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BBW and 19 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 49 added.
The largest buyer was Pacifica Capital Investments, adding an estimated $12.8M. The largest seller was Cannell Capital, cutting an estimated $5.17M.
- 125 institutional investors held Build-A-Bear (BBW) as of Q4 2023, down from 136 in Q3 2023.
- Funds reported $258M of Build-A-Bear stock for Q4 2023, down 21% quarter-over-quarter.
- 19 funds opened new Build-A-Bear positions in Q4 2023 and 29 closed out, a net change of -10 holders.
- The largest Build-A-Bear buyer in Q4 2023 was Pacifica Capital Investments, an estimated $12.8M added.
- The largest Build-A-Bear seller in Q4 2023 was Cannell Capital, an estimated $5.17M sold.
Based on aggregated 13F filings for Q4 2023.