Sportsman's Warehouse
SPWH
96 hedge funds and large institutions have $158M invested in Sportsman's Warehouse in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 25 reducing their positions, and 27 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 25
24% more capital inflows, than outflows
Capital inflows: $34M | Capital outflows: $27.4M
11% more call options, than puts
Call options by funds: $792K | Put options by funds: $716K
5.14% more ownership
Funds ownership: 88.94% → 94.08% (+5.1%)
15% less funds holding
Funds holding: 113 → 96 (-17)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
63% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$23.8M |
| 2 |
AC
AWH Capital
Dallas,
Texas
|
+$1.34M |
| 3 |
Bridgeway Capital Management
Houston,
Texas
|
+$939K |
| 4 |
SCM
Solas Capital Management
Darien,
Connecticut
|
+$806K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$703K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$4.29M |
| 2 |
Royce & Associates
New York
|
-$4.17M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.11M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.63M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$2.28M |
SPWH Hedge Fund Activity: Q3 2023 in Review
96 of the 6,314 institutional investors tracked by Wall St. Rank reported a position in Sportsman's Warehouse (SPWH) for Q3 2023, worth a combined $158M — down 17% from $191M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of SPWH and 10 opened new positions — a net loss of 17 holders — while 25 trimmed existing stakes and 40 added.
The largest buyer was Fidelity Investments, adding an estimated $23.8M. The largest seller was Brandywine Global Investment Management, exiting entirely with an estimated $4.29M sold.
- 96 institutional investors held Sportsman's Warehouse (SPWH) as of Q3 2023, down from 113 in Q2 2023.
- Funds reported $158M of Sportsman's Warehouse stock for Q3 2023, down 17% quarter-over-quarter.
- 10 funds opened new Sportsman's Warehouse positions in Q3 2023 and 27 closed out, a net change of -17 holders.
- The largest Sportsman's Warehouse buyer in Q3 2023 was Fidelity Investments, an estimated $23.8M added.
- The largest Sportsman's Warehouse seller in Q3 2023 was Brandywine Global Investment Management, an estimated $4.29M sold.
Based on aggregated 13F filings for Q3 2023.