BJs Wholesale Club
606 hedge funds and large institutions have $13.2B invested in BJs Wholesale Club in 2025 Q3 according to their latest regulatory filings, with 79 funds opening new positions, 220 increasing their positions, 232 reducing their positions, and 106 closing their positions.
4.79% more ownership
Funds ownership: 102.78% → 107.57% (+4.8%)
5% less repeat investments, than reductions
Existing positions increased: 220 | Existing positions reduced: 232
6% less funds holding
Funds holding: 645 → 606 (-39)
10% less capital invested
Capital invested by funds: $14.6B → $13.2B (-$1.42B)
25% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 106
28% less call options, than puts
Call options by funds: $121M | Put options by funds: $168M
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$316M |
| 2 |
DPL
Danica Pension Livsforsikrings
Copenhagen V,
|
+$121M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$118M |
| 4 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$106M |
| 5 |
State Street
Boston,
Massachusetts
|
+$105M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$395M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$111M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$35.9M |
| 4 |
RG
Renaissance Group
Covington,
Kentucky
|
-$33M |
| 5 |
Neuberger Berman Group
New York
|
-$27M |
BJ Hedge Fund Activity: Q3 2025 in Review
606 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in BJs Wholesale Club (BJ) for Q3 2025, worth a combined $13.2B — down 9.7% from $14.6B a quarter earlier.
Sellers outnumbered buyers: 106 funds closed out of BJ and 79 opened new positions — a net loss of 27 holders — while 232 trimmed existing stakes and 220 added.
The largest buyer was Victory Capital Management, adding an estimated $316M. The largest seller was Fidelity Investments, cutting an estimated $395M.
- 606 institutional investors held BJs Wholesale Club (BJ) as of Q3 2025, down from 645 in Q2 2025.
- Funds reported $13.2B of BJs Wholesale Club stock for Q3 2025, down 9.7% quarter-over-quarter.
- 79 funds opened new BJs Wholesale Club positions in Q3 2025 and 106 closed out, a net change of -27 holders.
- The largest BJs Wholesale Club buyer in Q3 2025 was Victory Capital Management, an estimated $316M added.
- The largest BJs Wholesale Club seller in Q3 2025 was Fidelity Investments, an estimated $395M sold.
Based on aggregated 13F filings for Q3 2025.