BJs Wholesale Club
624 hedge funds and large institutions have $12.8B invested in BJs Wholesale Club in 2025 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 218 increasing their positions, 229 reducing their positions, and 69 closing their positions.
35% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 69
27% more call options, than puts
Call options by funds: $128M | Put options by funds: $101M
3% more funds holding
Funds holding: 608 → 624 (+16)
1.13% more ownership
Funds ownership: 107.58% → 108.71% (+1.1%)
3% less capital invested
Capital invested by funds: $13.2B → $12.8B (-$411M)
5% less repeat investments, than reductions
Existing positions increased: 218 | Existing positions reduced: 229
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$432M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$67.7M |
| 3 |
JP Morgan Chase
New York
|
+$67.6M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$46.5M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$44.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$183M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$123M |
| 3 |
Morgan Stanley
New York
|
-$72.7M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$72.2M |
| 5 |
Squarepoint
New York
|
-$54.5M |
BJ Hedge Fund Activity: Q4 2025 in Review
624 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in BJs Wholesale Club (BJ) for Q4 2025, worth a combined $12.8B — down 3.1% from $13.2B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new BJ positions and 69 closed out — a net gain of 24 holders — while 218 added to existing stakes and 229 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $432M. The largest seller was Bessemer Group, cutting an estimated $183M.
- 624 institutional investors held BJs Wholesale Club (BJ) as of Q4 2025, up from 608 in Q3 2025.
- Funds reported $12.8B of BJs Wholesale Club stock for Q4 2025, down 3.1% quarter-over-quarter.
- 93 funds opened new BJs Wholesale Club positions in Q4 2025 and 69 closed out, a net change of +24 holders.
- The largest BJs Wholesale Club buyer in Q4 2025 was Victory Capital Management, an estimated $432M added.
- The largest BJs Wholesale Club seller in Q4 2025 was Bessemer Group, an estimated $183M sold.
Based on aggregated 13F filings for Q4 2025.