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Build-A-Bear

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.

New
Increased
Maintained
Reduced
Closed

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: 165185 (+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: 66 (0)

24% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 66

Holders
185
Holders Change
+20
Holders Change %
+12.12%
% of All Funds
2.44%
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
45
Increased
50
Reduced
66
Closed
23
Calls
$8.18M
Puts
$4.8M
Net Calls
+$3.38M
Net Calls Change
-$2.58M
Name Holding Trade Value Shares
Change
Change in
Stake
PCI
1
Pacifica Capital Investments
Texas
$54.5M -$3.74M -88,399 -8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$50.1M -$988K -23,335 -2%
BlackRock
3
BlackRock
New York
$49.5M -$2.07M -48,954 -5%
Thrivent Financial for Lutherans
4
Thrivent Financial for Lutherans
Minnesota
$38.8M +$31.2M +737,890 +5,114%
DLP
5
De Lisle Partners
United Kingdom
$38.2M -$1.07M -25,275 -3%
American Century Companies
6
American Century Companies
Missouri
$25.9M +$834K +19,705 +4%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$18.6M -$1.56M -36,955 -9%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$16.4M +$314K +7,428 +2%
State Street
9
State Street
Massachusetts
$15.7M -$1.52M -35,989 -11%
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$15.4M -$1.16M -27,318 -8%
AllianceBernstein
11
AllianceBernstein
Tennessee
$14.8M -$17.9M -423,122 -60%
Qube Research & Technologies (QRT)
12
Qube Research & Technologies (QRT)
United Kingdom
$11.9M +$2.57M +60,784 +36%
PRCP
13
Pacific Ridge Capital Partners
Oregon
$11M -$899K -21,234 -9%
Morgan Stanley
14
Morgan Stanley
New York
$10.6M -$355K -8,387 -4%
OC
15
Oppenheimer & Close
New York
$9.56M -$1.69M -40,000 -18%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$9.36M +$78.5K +1,854 +1%
LSV Asset Management
17
LSV Asset Management
Illinois
$8.31M +$3.36M +79,413 +97%
CAM
18
Crown Advisors Management
California
$7.73M
Marshall Wace
19
Marshall Wace
United Kingdom
$7.22M +$23.2K +548 +0.4%
N
20
Nuveen
North Carolina
$6.88M +$3.89M +91,971 +222%
Citadel Advisors
21
Citadel Advisors
Florida
$6.45M +$5.24M +123,884 +10,121%
CC
22
Cannell Capital
Wyoming
$6.37M -$1.3M -30,771 -20%
UIC
23
Uniplan Investment Counsel
Wisconsin
$6.25M +$196K +4,623 +4%
CA
24
CSM Advisors
Pennsylvania
$6.23M +$5.12M +120,875 New
HIM
25
Hillsdale Investment Management
Ontario, Canada
$6.19M +$779K +18,400 +18%

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.