BJ's Restaurants
BJRI
161 hedge funds and large institutions have $848M invested in BJ's Restaurants in 2023 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 51 increasing their positions, 68 reducing their positions, and 30 closing their positions.
225% more call options, than puts
Call options by funds: $41.8M | Put options by funds: $12.9M
63% more capital invested
Capital invested by funds: $520M → $848M (+$328M)
7.25% more ownership
Funds ownership: 94.08% → 101.33% (+7.3%)
3% less funds holding
Funds holding: 166 → 161 (-5)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
25% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 68
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
F1I
Fund 1 Investments
Rincon,
Puerto Rico
|
+$40.4M |
| 2 |
Millennium Management
New York
|
+$10.1M |
| 3 |
PI
PEAK6 Investments
Chicago,
Illinois
|
+$7.54M |
| 4 |
Morgan Stanley
New York
|
+$6.51M |
| 5 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
+$5.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$9.16M |
| 2 |
Neuberger Berman Group
New York
|
-$9.15M |
| 3 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$8.37M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$5.91M |
| 5 |
Two Sigma Investments
New York
|
-$4.32M |
BJRI Hedge Fund Activity: Q4 2023 in Review
161 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in BJ's Restaurants (BJRI) for Q4 2023, worth a combined $848M — up 63% from $520M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of BJRI and 26 opened new positions — a net loss of 4 holders — while 68 trimmed existing stakes and 51 added.
The largest buyer was Fund 1 Investments, opening a new position worth an estimated $40.4M. The largest seller was Arrowstreet Capital, cutting an estimated $9.16M.
- 161 institutional investors held BJ's Restaurants (BJRI) as of Q4 2023, down from 166 in Q3 2023.
- Funds reported $848M of BJ's Restaurants stock for Q4 2023, up 63% quarter-over-quarter.
- 26 funds opened new BJ's Restaurants positions in Q4 2023 and 30 closed out, a net change of -4 holders.
- The largest BJ's Restaurants buyer in Q4 2023 was Fund 1 Investments, an estimated $40.4M added.
- The largest BJ's Restaurants seller in Q4 2023 was Arrowstreet Capital, an estimated $9.16M sold.
Based on aggregated 13F filings for Q4 2023.