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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
Ohio Public Employees Retirement System (OPERS)
51
Ohio Public Employees Retirement System (OPERS)
Ohio
$24.2K +$27K +16,040 +194%
EGM
52
Engineers Gate Manager
New York
$22.5K +$38.2K +22,658 New
BNP Paribas Financial Markets
53
BNP Paribas Financial Markets
France
$21.4K +$32.3K +19,162 +804%
CC
54
Centiva Capital
New York
$19.9K – – –
MBAM
55
Mink Brook Asset Management
Florida
$15.3K – – –
SWP
56
Stratos Wealth Partners
Ohio
$11.9K -$17.7K -10,500 -47%
Stifel Financial
57
Stifel Financial
Missouri
$9.94K – – –
Simplex Trading
58
Simplex Trading
Illinois
$8K -$152K -89,973 -91%
Fidelity Investments
59
Fidelity Investments
Massachusetts
$2.04K -$1.28M -758,272 -100%
Barclays
60
Barclays
United Kingdom
$1.31K -$48.9K -29,033 -96%
Royal Bank of Canada
61
Royal Bank of Canada
Ontario, Canada
$1K +$1.02K +607 New
Osaic Holdings
62
Osaic Holdings
Arizona
$633 -$219 -130 -17%
Jones Financial Companies
63
Jones Financial Companies
Missouri
$289 – – –
SIS
64
Sound Income Strategies
Florida
$185 – – –
Wells Fargo
65
Wells Fargo
California
$173 -$1.04K -615 -78%
SS
66
SBI Securities
Japan
$20 – – –
CC
67
Cannell Capital
Wyoming
– -$5.21M -1,952,940 Closed
Susquehanna International Group
68
Susquehanna International Group
Pennsylvania
– -$999K -374,002 Closed
Walleye Capital
69
Walleye Capital
New York
– -$948K -354,923 Closed
Connor, Clark & Lunn Investment Management (CC&L)
70
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$664K -248,541 Closed
VIM
71
Villanova Investment Management
Pennsylvania
– -$626K -234,505 Closed
AA
72
Ancora Advisors
Ohio
– -$603K -225,914 Closed
PCM
73
Prelude Capital Management
New York
– -$564K -211,217 Closed
Credit Agricole
74
Credit Agricole
France
– -$257K -96,100 Closed
CSS
75
Cubist Systematic Strategies
Connecticut
– -$224K -83,930 Closed
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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.