We are live on ! Find out more
SPWH icon

Sportsman's Warehouse
SPWH

67 hedge funds and large institutions have $22.6M invested in Sportsman's Warehouse in 2025 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more call options, than puts

Call options by funds: $81K | Put options by funds: $9K

11.29% less ownership

Funds ownership: 71.25% → 59.96% (-11%)

12% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 25

20% less funds holding

Funds holding: 84 → 67 (-17)

69% less capital invested

Capital invested by funds: $72.2M → $22.6M (-$49.6M)

77% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 22

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
67
Holders Change
-17
Holders Change %
-20.24%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
22
Reduced
25
Closed
22
Calls
$81K
Puts
$9K
Net Calls
+$72K
Net Calls Change
-$64K

Top Buyers

1
ACM
Archon Capital Management
Washington
+$1.34M
2
SCM
Solas Capital Management
Connecticut
+$1.25M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$1.21M
4
GCP
GSA Capital Partners
United Kingdom
+$970K
5
USPCM
Union Square Park Capital Management
New York
+$805K

Top Sellers

1
CC
Cannell Capital
Wyoming
-$5.21M
2
PCM
Portolan Capital Management
Massachusetts
-$3.53M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.28M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$999K
5
Walleye Capital
Walleye Capital
New York
-$948K
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$242K +$94.5K +56,100 +30%
BCM
27
Bridgeway Capital Management
Texas
$242K +$55.2K +32,800 +16%
Citadel Advisors
28
Citadel Advisors
Florida
$239K -$536K -318,325 -57%
PCM
29
Portolan Capital Management
Massachusetts
$236K -$3.53M -2,096,914 -90%
American Century Companies
30
American Century Companies
Missouri
$232K -$62.5K -37,088 -14%
Invesco
31
Invesco
Georgia
$227K -$114K -67,807 -23%
Acadian Asset Management
32
Acadian Asset Management
Massachusetts
$214K +$250K +148,296 +217%
MCM
33
Mork Capital Management
California
$179K – – –
Bank of America
34
Bank of America
North Carolina
$167K +$11.3K +6,699 +4%
State Street
35
State Street
Massachusetts
$152K – – –
EF
36
Empowered Funds
Pennsylvania
$138K +$20.5K +12,200 +10%
Two Sigma Investments
37
Two Sigma Investments
New York
$136K -$221K -131,212 -49%
UBS Group
38
UBS Group
Switzerland
$121K -$102K -60,325 -33%
SGCA
39
Steel Grove Capital Advisors
Tennessee
$99.4K – – –
Ameriprise
40
Ameriprise
Minnesota
$96.9K +$164K +97,440 New
QC
41
Quadrature Capital
United Kingdom
$82.3K +$37.3K +22,140 +36%
Jane Street
42
Jane Street
New York
$73.8K -$203K -120,568 -62%
Northern Trust
43
Northern Trust
Illinois
$72.7K – – –
TA
44
Teton Advisors
New York
$60.6K -$2.02K -1,200 -2%
USWG
45
U.S. Wealth Group
New York
$51.5K – – –
Millennium Management
46
Millennium Management
New York
$48.2K -$648K -384,777 -89%
GG
47
Greenwood Gearhart
Arkansas
$31.7K – – –
RS
48
R Squared
Hong Kong
$31K +$31.8K +18,860 +153%
LPL Financial
49
LPL Financial
California
$29K +$23.6K +14,008 +92%
Group One Trading
50
Group One Trading
Illinois
$26.3K -$42.2K -25,083 -49%
1
2
3 4

SPWH Hedge Fund Activity: Q1 2025 in Review

67 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Sportsman's Warehouse (SPWH) for Q1 2025, worth a combined $22.6M — down 69% from $72.2M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of SPWH and 5 opened new positions — a net loss of 17 holders — while 25 trimmed existing stakes and 22 added.

The largest buyer was Archon Capital Management, opening a new position worth an estimated $1.34M. The largest seller was Cannell Capital, exiting entirely with an estimated $5.21M sold.

  • 67 institutional investors held Sportsman's Warehouse (SPWH) as of Q1 2025, down from 84 in Q4 2024.
  • Funds reported $22.6M of Sportsman's Warehouse stock for Q1 2025, down 69% quarter-over-quarter.
  • 5 funds opened new Sportsman's Warehouse positions in Q1 2025 and 22 closed out, a net change of -17 holders.
  • The largest Sportsman's Warehouse buyer in Q1 2025 was Archon Capital Management, an estimated $1.34M added.
  • The largest Sportsman's Warehouse seller in Q1 2025 was Cannell Capital, an estimated $5.21M sold.

Based on aggregated 13F filings for Q1 2025.