Sportsman's Warehouse
SPWH
128 hedge funds and large institutions have $255M invested in Sportsman's Warehouse in 2020 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 40 increasing their positions, 45 reducing their positions, and 40 closing their positions.
2,358% more call options, than puts
Call options by funds: $934K | Put options by funds: $38K
4.59% less ownership
Funds ownership: 100.16% → 95.57% (-4.6%)
8% less funds holding
Funds holding: 139 → 128 (-11)
11% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 45
23% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 40
27% less capital invested
Capital invested by funds: $347M → $255M (-$92.9M)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$12.9M |
| 2 |
CCPM
Cooper Creek Partners Management
New York
|
+$5.62M |
| 3 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$4.73M |
| 4 |
MC
Maverick Capital
Dallas,
Texas
|
+$4.12M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$3.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSGL
No Street GP LP
San Francisco,
California
|
-$14.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.05M |
| 3 |
SAM
Scion Asset Management
Saratoga,
California
|
-$5.54M |
| 4 |
D.E. Shaw & Co
New York
|
-$4.75M |
| 5 |
MWNA
Marshall Wace North America
New York
|
-$4.15M |
SPWH Hedge Fund Activity: Q1 2020 in Review
128 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Sportsman's Warehouse (SPWH) for Q1 2020, worth a combined $255M — down 27% from $347M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of SPWH and 31 opened new positions — a net loss of 9 holders — while 45 trimmed existing stakes and 40 added.
The largest buyer was Greenhouse Funds, opening a new position worth an estimated $12.9M. The largest seller was No Street GP LP, exiting entirely with an estimated $14.9M sold.
- 128 institutional investors held Sportsman's Warehouse (SPWH) as of Q1 2020, down from 139 in Q4 2019.
- Funds reported $255M of Sportsman's Warehouse stock for Q1 2020, down 27% quarter-over-quarter.
- 31 funds opened new Sportsman's Warehouse positions in Q1 2020 and 40 closed out, a net change of -9 holders.
- The largest Sportsman's Warehouse buyer in Q1 2020 was Greenhouse Funds, an estimated $12.9M added.
- The largest Sportsman's Warehouse seller in Q1 2020 was No Street GP LP, an estimated $14.9M sold.
Based on aggregated 13F filings for Q1 2020.