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.
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)
59% less capital inflows, than outflows
Capital inflows: $7.88M | Capital outflows: $19.2M
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$1.34M |
| 2 |
SCM
Solas Capital Management
Darien,
Connecticut
|
+$1.25M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$1.21M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$970K |
| 5 |
USPCM
Union Square Park Capital Management
New York
|
+$805K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$5.21M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$3.53M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.28M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$999K |
| 5 |
Walleye Capital
New York
|
-$948K |
SPWH Hedge Fund Activity: Q1 2025 in Review
67 of the 7,478 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.