BJ's Restaurants
BJRI
166 hedge funds and large institutions have $520M invested in BJ's Restaurants in 2023 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 52 increasing their positions, 61 reducing their positions, and 20 closing their positions.
40% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 20
19% more call options, than puts
Call options by funds: $6.11M | Put options by funds: $5.12M
4% more funds holding
Funds holding: 159 → 166 (+7)
0.26% more ownership
Funds ownership: 93.82% → 94.08% (+0.26%)
15% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 61
26% less capital invested
Capital invested by funds: $702M → $520M (-$182M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$5.11M |
| 2 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
+$3.45M |
| 3 |
Renaissance Technologies
New York
|
+$2.78M |
| 4 |
Morgan Stanley
New York
|
+$2.38M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$7.06M |
| 2 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$4.33M |
| 3 |
BlackRock
New York
|
-$3.86M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
-$2.64M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFG
176
Jefferies Financial Group
New York
| – | -$334K | -10,500 | Closed |
|
|
NRD
177
Nebula Research & Development
New York
| – | -$331K | -10,406 | Closed |
|
|
HF
178
HRT Financial
New York
| – | -$330K | -10,386 | Closed |
|
179
Boston Partners
Boston,
Massachusetts
| – | -$322K | -10,122 | Closed |
|
|
II
180
Inspire Investing
Meridian,
Idaho
| – | -$312K | -9,825 | Closed |
|
|
SSA
181
Schonfeld Strategic Advisors
New York
| – | -$219K | -6,884 | Closed |
|
|
ASRS
182
Arizona State Retirement System
Phoenix,
Arizona
| – | -$210K | -6,609 | Closed |
|
183
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$205K | -6,459 | Closed |
|
|
ACM
184
Aquatic Capital Management
Chicago,
Illinois
| – | -$25K | -800 | Closed |
|
|
GRP
185
Global Retirement Partners
San Rafael,
California
| – | -$318 | -10 | Closed |
|
BJRI Hedge Fund Activity: Q3 2023 in Review
166 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BJ's Restaurants (BJRI) for Q3 2023, worth a combined $520M — down 26% from $702M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new BJRI positions and 20 closed out — a net gain of 8 holders — while 52 added to existing stakes and 61 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $5.11M. The largest seller was Hudson Bay Capital Management, exiting entirely with an estimated $7.06M sold.
- 166 institutional investors held BJ's Restaurants (BJRI) as of Q3 2023, up from 159 in Q2 2023.
- Funds reported $520M of BJ's Restaurants stock for Q3 2023, down 26% quarter-over-quarter.
- 28 funds opened new BJ's Restaurants positions in Q3 2023 and 20 closed out, a net change of +8 holders.
- The largest BJ's Restaurants buyer in Q3 2023 was Neuberger Berman Group, an estimated $5.11M added.
- The largest BJ's Restaurants seller in Q3 2023 was Hudson Bay Capital Management, an estimated $7.06M sold.
Based on aggregated 13F filings for Q3 2023.