Sportsman's Warehouse
SPWH
113 hedge funds and large institutions have $191M invested in Sportsman's Warehouse in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 40 reducing their positions, and 32 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 40
5.59% less ownership
Funds ownership: 94.53% → 88.94% (-5.6%)
15% less funds holding
Funds holding: 133 → 113 (-20)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
37% less capital invested
Capital invested by funds: $302M → $191M (-$111M)
51% less call options, than puts
Call options by funds: $714K | Put options by funds: $1.46M
63% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Solas Capital Management
Darien,
Connecticut
|
+$3.7M |
| 2 |
CC
Cannell Capital
Alta,
Wyoming
|
+$2.89M |
| 3 |
TC
Towle & Co
Denver,
Colorado
|
+$1.75M |
| 4 |
USPCM
Union Square Park Capital Management
New York
|
+$1.63M |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KLCMU
Kite Lake Capital Management (UK)
London,
United Kingdom
|
-$14.6M |
| 2 |
SCM
Segantii Capital Management
Hong Kong
|
-$4.09M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.14M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.44M |
| 5 |
BlackRock
New York
|
-$1.4M |
SPWH Hedge Fund Activity: Q2 2023 in Review
113 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Sportsman's Warehouse (SPWH) for Q2 2023, worth a combined $191M — down 37% from $302M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of SPWH and 12 opened new positions — a net loss of 20 holders — while 40 trimmed existing stakes and 43 added.
The largest buyer was Solas Capital Management, adding an estimated $3.7M. The largest seller was Kite Lake Capital Management (UK), exiting entirely with an estimated $14.6M sold.
- 113 institutional investors held Sportsman's Warehouse (SPWH) as of Q2 2023, down from 133 in Q1 2023.
- Funds reported $191M of Sportsman's Warehouse stock for Q2 2023, down 37% quarter-over-quarter.
- 12 funds opened new Sportsman's Warehouse positions in Q2 2023 and 32 closed out, a net change of -20 holders.
- The largest Sportsman's Warehouse buyer in Q2 2023 was Solas Capital Management, an estimated $3.7M added.
- The largest Sportsman's Warehouse seller in Q2 2023 was Kite Lake Capital Management (UK), an estimated $14.6M sold.
Based on aggregated 13F filings for Q2 2023.