Barnes & Noble Education
BNED
87 hedge funds and large institutions have $212M invested in Barnes & Noble Education in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 20 closing their positions.
232% more call options, than puts
Call options by funds: $5.17M | Put options by funds: $1.56M
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
1% less funds holding
Funds holding: 88 → 87 (-1)
5.81% less ownership
Funds ownership: 68.32% → 62.51% (-5.8%)
23% less capital invested
Capital invested by funds: $274M → $212M (-$62.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.34M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$628K |
| 4 |
State Street
Boston,
Massachusetts
|
+$391K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$388K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GRIM
Greenhaven Road Investment Management
Greenwich,
Connecticut
|
-$11.6M |
| 2 |
JP Morgan Chase
New York
|
-$3.98M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$3.08M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$1.69M |
| 5 |
6CM
683 Capital Management
New York
|
-$1.28M |
BNED Hedge Fund Activity: Q3 2025 in Review
87 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in Barnes & Noble Education (BNED) for Q3 2025, worth a combined $212M — down 23% from $274M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BNED and 19 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 31 added.
The largest buyer was Morgan Stanley, adding an estimated $2.5M. The largest seller was Greenhaven Road Investment Management, exiting entirely with an estimated $11.6M sold.
- 87 institutional investors held Barnes & Noble Education (BNED) as of Q3 2025, down from 88 in Q2 2025.
- Funds reported $212M of Barnes & Noble Education stock for Q3 2025, down 23% quarter-over-quarter.
- 19 funds opened new Barnes & Noble Education positions in Q3 2025 and 20 closed out, a net change of -1 holder.
- The largest Barnes & Noble Education buyer in Q3 2025 was Morgan Stanley, an estimated $2.5M added.
- The largest Barnes & Noble Education seller in Q3 2025 was Greenhaven Road Investment Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q3 2025.