Sleep Number
SNBR
SNBR was delisted on the 22nd of June, 2026.
127 hedge funds and large institutions have $152M invested in Sleep Number in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 23 increasing their positions, 57 reducing their positions, and 25 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
45% more call options, than puts
Call options by funds: $2.5M | Put options by funds: $1.73M
9% more capital invested
Capital invested by funds: $139M → $152M (+$12.5M)
5% less funds holding
Funds holding: 134 → 127 (-7)
8.36% less ownership
Funds ownership: 86.98% → 78.62% (-8.4%)
16% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 25
60% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$8.62M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$2.43M |
| 3 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$2.35M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
+$1.37M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brightlight Capital Management
Westport,
Connecticut
|
-$5.51M |
| 2 |
Millennium Management
New York
|
-$5.03M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.2M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.86M |
| 5 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$1.63M |
SNBR Hedge Fund Activity: Q4 2025 in Review
127 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in Sleep Number (SNBR) for Q4 2025, worth a combined $152M — up 9% from $139M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of SNBR and 21 opened new positions — a net loss of 4 holders — while 57 trimmed existing stakes and 23 added.
The largest buyer was Fidelity Investments, adding an estimated $8.62M. The largest seller was Brightlight Capital Management, cutting an estimated $5.51M.
- 127 institutional investors held Sleep Number (SNBR) as of Q4 2025, down from 134 in Q3 2025.
- Funds reported $152M of Sleep Number stock for Q4 2025, up 9% quarter-over-quarter.
- 21 funds opened new Sleep Number positions in Q4 2025 and 25 closed out, a net change of -4 holders.
- The largest Sleep Number buyer in Q4 2025 was Fidelity Investments, an estimated $8.62M added.
- The largest Sleep Number seller in Q4 2025 was Brightlight Capital Management, an estimated $5.51M sold.
Based on aggregated 13F filings for Q4 2025.