Camping World
CWH
223 hedge funds and large institutions have $613M invested in Camping World in 2025 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 72 increasing their positions, 78 reducing their positions, and 42 closing their positions.
524% more call options, than puts
Call options by funds: $44.5M | Put options by funds: $7.13M
5% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 42
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 225 → 223 (-2)
8% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 78
1.67% less ownership
Funds ownership: 101.89% → 100.22% (-1.7%)
39% less capital invested
Capital invested by funds: $1.01B → $613M (-$395M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$22.5M |
| 2 |
PCM
Philosophy Capital Management
Alamo,
California
|
+$14.8M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$13.1M |
| 4 |
Goldman Sachs
New York
|
+$11.3M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$9.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$15.5M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$12.3M |
| 3 |
IP
Interval Partners
New York
|
-$12.1M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$10.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$8.65M |
CWH Hedge Fund Activity: Q4 2025 in Review
223 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Camping World (CWH) for Q4 2025, worth a combined $613M — down 39% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CWH positions and 42 closed out — a net gain of 2 holders — while 72 added to existing stakes and 78 trimmed.
The largest buyer was Eminence Capital, adding an estimated $22.5M. The largest seller was Morgan Stanley, cutting an estimated $15.5M.
- 223 institutional investors held Camping World (CWH) as of Q4 2025, down from 225 in Q3 2025.
- Funds reported $613M of Camping World stock for Q4 2025, down 39% quarter-over-quarter.
- 44 funds opened new Camping World positions in Q4 2025 and 42 closed out, a net change of +2 holders.
- The largest Camping World buyer in Q4 2025 was Eminence Capital, an estimated $22.5M added.
- The largest Camping World seller in Q4 2025 was Morgan Stanley, an estimated $15.5M sold.
Based on aggregated 13F filings for Q4 2025.