Sleep Number
SNBR
SNBR was delisted on the 22nd of June, 2026.
132 hedge funds and large institutions have $287M invested in Sleep Number in 2023 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 41 increasing their positions, 42 reducing their positions, and 50 closing their positions.
102% more call options, than puts
Call options by funds: $9.05M | Put options by funds: $4.48M
2% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 42
3% less ownership
Funds ownership: 90.45% → 87.45% (-3%)
11% less funds holding
Funds holding: 149 → 132 (-17)
32% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 50
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
42% less capital invested
Capital invested by funds: $494M → $287M (-$206M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$15.5M |
| 2 |
Morgan Stanley
New York
|
+$8.45M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.03M |
| 4 |
Two Sigma Investments
New York
|
+$6.49M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$5.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
-$26.8M |
| 2 |
BlackRock
New York
|
-$24.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$12.4M |
| 4 |
State Street
Boston,
Massachusetts
|
-$4.78M |
| 5 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$3.81M |
SNBR Hedge Fund Activity: Q4 2023 in Review
132 of the 6,863 institutional investors tracked by Wall St. Rank reported a position in Sleep Number (SNBR) for Q4 2023, worth a combined $287M — down 42% from $494M a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of SNBR and 34 opened new positions — a net loss of 16 holders — while 42 trimmed existing stakes and 41 added.
The largest buyer was Adage Capital Partners, opening a new position worth an estimated $15.5M. The largest seller was Disciplined Growth Investors, cutting an estimated $26.8M.
- 132 institutional investors held Sleep Number (SNBR) as of Q4 2023, down from 149 in Q3 2023.
- Funds reported $287M of Sleep Number stock for Q4 2023, down 42% quarter-over-quarter.
- 34 funds opened new Sleep Number positions in Q4 2023 and 50 closed out, a net change of -16 holders.
- The largest Sleep Number buyer in Q4 2023 was Adage Capital Partners, an estimated $15.5M added.
- The largest Sleep Number seller in Q4 2023 was Disciplined Growth Investors, an estimated $26.8M sold.
Based on aggregated 13F filings for Q4 2023.