Sportsman's Warehouse
SPWH
66 hedge funds and large institutions have $37.8M invested in Sportsman's Warehouse in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 14 closing their positions.
385% more call options, than puts
Call options by funds: $126K | Put options by funds: $26K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5.6% less ownership
Funds ownership: 72.93% → 67.33% (-5.6%)
7% less funds holding
Funds holding: 71 → 66 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
33% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 27
51% less capital invested
Capital invested by funds: $77.7M → $37.8M (-$39.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USPCM
Union Square Park Capital Management
New York
|
+$1.3M |
| 2 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$1.24M |
| 3 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$1.22M |
| 4 |
SC
Skylands Capital
Milwaukee,
Wisconsin
|
+$537K |
| 5 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.31M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.28M |
| 3 |
SAM
Soviero Asset Management
New York
|
-$1.22M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$884K |
| 5 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$842K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Stifel Financial
St. Louis,
Missouri
| – | -$27.7K | -10,000 | Closed |
|
77
Citigroup
New York
| – | -$4.26K | -1,538 | Closed |
|
|
ASN
78
Advisory Services Network
Atlanta,
Georgia
| – | -$2.49K | -900 | Closed |
|
|
FFO
79
Fortitude Family Office
Scottsdale,
Arizona
| – | -$1.83K | -660 | Closed |
|
SPWH Hedge Fund Activity: Q4 2025 in Review
66 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in Sportsman's Warehouse (SPWH) for Q4 2025, worth a combined $37.8M — down 51% from $77.7M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of SPWH and 10 opened new positions — a net loss of 4 holders — while 27 trimmed existing stakes and 18 added.
The largest buyer was Union Square Park Capital Management, adding an estimated $1.3M. The largest seller was Morgan Stanley, cutting an estimated $1.31M.
- 66 institutional investors held Sportsman's Warehouse (SPWH) as of Q4 2025, down from 71 in Q3 2025.
- Funds reported $37.8M of Sportsman's Warehouse stock for Q4 2025, down 51% quarter-over-quarter.
- 10 funds opened new Sportsman's Warehouse positions in Q4 2025 and 14 closed out, a net change of -4 holders.
- The largest Sportsman's Warehouse buyer in Q4 2025 was Union Square Park Capital Management, an estimated $1.3M added.
- The largest Sportsman's Warehouse seller in Q4 2025 was Morgan Stanley, an estimated $1.31M sold.
Based on aggregated 13F filings for Q4 2025.