Build-A-Bear
BBW
180 hedge funds and large institutions have $479M invested in Build-A-Bear in 2026 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 51 increasing their positions, 59 reducing their positions, and 47 closing their positions.
4.75% less ownership
Funds ownership: 103.56% → 98.81% (-4.7%)
6% less funds holding
Funds holding: 192 → 180 (-12)
14% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 59
19% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 47
42% less capital invested
Capital invested by funds: $821M → $479M (-$342M)
52% less call options, than puts
Call options by funds: $6.51M | Put options by funds: $13.6M
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$14.8M |
| 2 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
+$9.91M |
| 3 |
PLC
Pillsbury Lake Capital
San Francisco,
California
|
+$6.31M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$4.95M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$4.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$21M |
| 2 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$11.9M |
| 3 |
Goldman Sachs
New York
|
-$10.1M |
| 4 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
-$8.22M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$7.26M |
BBW Hedge Fund Activity: Q1 2026 in Review
180 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Build-A-Bear (BBW) for Q1 2026, worth a combined $479M — down 42% from $821M a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of BBW and 38 opened new positions — a net loss of 9 holders — while 59 trimmed existing stakes and 51 added.
The largest buyer was Millennium Management, adding an estimated $14.8M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $21M sold.
- 180 institutional investors held Build-A-Bear (BBW) as of Q1 2026, down from 192 in Q4 2025.
- Funds reported $479M of Build-A-Bear stock for Q1 2026, down 42% quarter-over-quarter.
- 38 funds opened new Build-A-Bear positions in Q1 2026 and 47 closed out, a net change of -9 holders.
- The largest Build-A-Bear buyer in Q1 2026 was Millennium Management, an estimated $14.8M added.
- The largest Build-A-Bear seller in Q1 2026 was Arrowstreet Capital, an estimated $21M sold.
Based on aggregated 13F filings for Q1 2026.