Academy Sports and Outdoors

ASO • NASDAQ

Academy Sports and Outdoors is a specialty retail company in the consumer cyclical sector on NASDAQ, led by Steven (Steve) P. Lawrence, with a market cap of $3.7B. As of Q3 2025, 111% of shares are held by 350 institutional investors, with FMR LLC as the largest holder at 15.0%.

Chief Executive OfficerSteven (Steve) P. Lawrence

Market Cap$3.7B

Specialty Retail

Consumer Cyclical

Employees22.0K

Websiteacademy.com

Country

United States of America

Overview

Overview of institutional ownership in ASO as of Q3 2025 with a market cap of $3.3B

All Institutions

Institutions: 350
Value Held: $3.7B
Shares Held: 74.1M
Avg Position: $10.6M
Median Position: $706.3K

Hedge Funds

Hedge Funds: 41
Value Held: $243.3M
Shares Held: 4.9M
Avg Position: $5.9M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

104.0%

$3.5B

Hedge Funds

7.3%

$243.3M

Retail & Other

Based on market cap of $3.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ASO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$499.7M 0.03% of portfolio	15.00% 10.0M shares	Q4 2020 Held for 4y 11m	$1.92T
B BlackRock, Inc. Institution	-	$480.2M 0.01% of portfolio	14.41% 9.6M shares	Q4 2020 Held for 4y 11m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$364.0M 0.01% of portfolio	10.92% 7.3M shares	Q4 2020 Held for 4y 11m	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$194.1M 0.04% of portfolio	5.82% 3.9M shares	Q3 2021 Held for 4y 2m	$466.32B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$154.8M 0.34% of portfolio	4.65% 3.1M shares	Q1 2022 Held for 3y 8m	$45.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$133.2M 0.00% of portfolio	3.99% 2.7M shares	Q4 2020 Held for 4y 11m	$2.88T
A AMERICAN CENTURY COMPANIES INC Institution	-	$108.9M 0.06% of portfolio	3.27% 2.2M shares	Q2 2021 Held for 4y 5m	$195.93B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$100.1M 0.01% of portfolio	3.00% 2.0M shares	Q4 2020 Held for 4y 11m	$1.57T
WESTWOOD HOLDINGS GROUP INC Institution	Brian O. Casey CEO	$95.9M 0.69% of portfolio	2.88% 1.9M shares	Q2 2021 Held for 4y 5m	$13.8B
KING LUTHER CAPITAL MANAGEMENT CORP Long Only Manager	John Luther King CEO	$69.9M 0.29% of portfolio	2.10% 1.4M shares	Q3 2021 Held for 4y 2m	$24.3B

Net Capital Flow

Institutional buying and selling activity for ASO in Q3 2025

Traded: +$38.1M
Buyers: 165
Sellers: 186
Total Bought: +$335.7M
Total Sold: −$297.6M
Avg Position: $9.3M

Biggest Buyers

Institution	Net Bought	Current Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$49.2M +982.7K shares	$68.0M 1.4M shares
Junto Capital Management LP Hedge Fund•Long/Short	+$36.6M +731.0K shares	$36.6M 731.0K shares
Robeco Investment Management, Inc. Long Only Manager	+$30.2M +600.3K shares	$65.4M 1.3M shares
MORGAN STANLEY RIA/Wealth	+$21.5M +430.6K shares	$67.4M 1.3M shares
M MACQUARIE GROUP LTD Institution	+$19.3M +386.4K shares	$23.4M 467.4K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$17.0M +339.3K shares	$17.2M 344.8K shares
GOLDMAN SACHS GROUP INC Institution	+$12.7M +254.7K shares	$41.8M 835.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$11.9M +238.8K shares	$39.1M 781.1K shares
A Allianz Asset Management AG Institution	+$11.7M +234.7K shares	$21.8M 435.9K shares
S Shellback Capital, LP Hedge Fund•Long/Short	+$10.4M +208.5K shares	$14.3M 285.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$23.4M −521.1K shares	Sold Off 0 shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$18.5M −368.9K shares	$3.1M 61.3K shares
AMERIPRISE FINANCIAL INC Institution	−$18.2M −363.9K shares	$6.9M 137.1K shares
B BWCP, LP Hedge Fund•Long/Short	−$16.4M −365.4K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$15.0M −300.5K shares	$6.4M 128.4K shares
UBS Group AG Institution	−$12.6M −252.4K shares	$21.7M 434.1K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	−$12.1M −242.2K shares	$4.9M 98.6K shares
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	−$11.9M −265.7K shares	Sold Off 0 shares
R Ranmore Fund Management Ltd Institution	−$9.9M −220.0K shares	Sold Off 0 shares
WESTWOOD HOLDINGS GROUP INC Institution	−$9.7M −193.1K shares	$95.9M 1.9M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ASO in Q3 2025

New Positions: 20
New Value: $42.9M
Exited Positions: 48
Exited Value: $125.1M

New Positions

Institution	Position Value
Junto Capital Management LP Hedge Fund•Long/Short	$36.6M 731.0K shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	$3.2M 63.4K shares
ARGA Investment Management, LP Long Only Manager	$2.0M 39.2K shares
Savant Capital, LLC RIA/Wealth	$245.8K 4.9K shares
B BROWN ADVISORY INC RIA/Wealth	$224.2K 4.5K shares
HOHIMER WEALTH MANAGEMENT, LLC RIA/Wealth	$217.7K 4.4K shares
COMMERCE BANK RIA/Wealth	$206.9K 4.1K shares
Point72 Europe LLP Digital Asset Manager	$138.5K 2.8K shares
P PEAK6 LLC Institution	$131.3K 2.6K shares
R Root Financial Partners, LLC RIA/Wealth	$12.1K 242.0 shares

Exited Positions

Institution	Previous Position
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	$23.4M 521.1K shares
B BWCP, LP Hedge Fund•Long/Short	$16.4M 365.4K shares
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	$11.9M 265.7K shares
R Ranmore Fund Management Ltd Institution	$9.9M 220.0K shares
Marshall Wace LLP Institution	$7.6M 169.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.2M 139.0K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$5.9M 131.5K shares
Dupree Financial Group, LLC RIA/Wealth	$5.5M 123.4K shares
A AXA Institution	$4.8M 107.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.1M 92.4K shares

Options Activity

Institutions with the largest Call and Put options positions in ASO as of Q3 2025

Call Positions: 15
Call Value: $77.2M
Put Positions: 14
Put Value: $122.4M

Call Positions

Institution	Position Value
BARCLAYS PLC Institution	$32.4M 6.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.5M 3.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.7M 2.7K contracts
J JANE STREET GROUP, LLC Institution	$5.2M 1.0K contracts
W WOLVERINE TRADING, LLC Institution	$2.6M 515.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.8M 362.0 contracts
D D. E. Shaw & Co., Inc. Institution	$1.4M 288.0 contracts
Walleye Trading LLC RIA/Wealth	$1.1M 214.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$890.4K 178.0 contracts
P PEAK6 LLC Institution	$590.2K 118.0 contracts

Put Positions

Institution	Position Value
BARCLAYS PLC Institution	$38.4M 7.7K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$24.1M 4.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$20.0M 4.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$14.5M 2.9K contracts
D D. E. Shaw & Co., Inc. Institution	$6.5M 1.3K contracts
J JANE STREET GROUP, LLC Institution	$5.0M 996.0 contracts
Walleye Trading LLC RIA/Wealth	$3.8M 765.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$3.7M 733.0 contracts
P PEAK6 LLC Institution	$2.5M 507.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 275.0 contracts

Most Committed Institutions

Institutions with ASO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
I Impala Asset Management LLC Hedge Fund•Long/Short	Robert James Bishop CEO	14.61% $19.9M	0.60% 397.1K shares	Q2 2024 Held for 1y 5m	$136.0M
Pacifica Capital Investments, LLC RIA/Wealth	Kari Nadine Lambert CEO	6.15% $22.6M	0.68% 452.6K shares	Q3 2023 Held for 2y 2m	$368.1M
GREATMARK INVESTMENT PARTNERS, INC. RIA/Wealth	Jeffrey Guy Adams CCO	3.11% $25.9M	0.78% 518.0K shares	Q4 2024 Held for 11 months	$833.9M
A Alamar Capital Management, LLC RIA/Wealth	Leo John Murphy CEO	1.37% $2.6M	0.08% 51.6K shares	Q2 2024 Held for 1y 5m	$189.2M
Villanova Investment Management Co LLC Hedge Fund•Value	Edward Anthony Trumpbour Founder	1.36% $2.0M	0.06% 39.2K shares	Q1 2025 Held for 8 months	$144.3M
Tensile Capital Management LLC Hedge Fund•Value	Arthur Chiakai Young Managing Partner	1.22% $9.7M	0.29% 194.9K shares	Q3 2021 Held for 4y 2m	$800.4M
Hodges Capital Management Inc. Long Only Manager	Craig Donaldson Hodges CEO	1.02% $11.8M	0.35% 235.9K shares	Q2 2021 Held for 4y 5m	$1.2B
S Shellback Capital, LP Hedge Fund•Long/Short	Donald Dean Jabro Managing Partner	0.91% $14.3M	0.43% 285.8K shares	Q4 2024 Held for 11 months	$1.6B
Tabor Asset Management, LP Hedge Fund•Long/Short	Ankur Jain President	0.83% $1.4M	0.04% 27.4K shares	Q4 2020 Held for 4y 11m	$165.0M
Stephens Investment Management Group LLC Long Only Manager	Joseph Warren Simpson CEO	0.80% $61.8M	1.85% 1.2M shares	Q4 2023 Held for 1y 11m	$7.8B

Hedge Fund Spotlight

Discover hedge funds investing in ASO

CAPITAL FUND MANAGEMENT S.A.

Hedge Fund • Quant Macro

Portfolio ManagerJacques Charles Sauliere

Portfolio Value: $10.0B
Positions: 792
Last Reported: Q3 2025

Sector Allocation

Position in Academy Sports and Outdoors

Market Value: $3.4M
Shares Held: 68.6K
Portfolio Weight: 0.03%
Owned Since: 2023-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$297.1M	2.97%
2 Apple AAPL	Consumer Electronics Technology	$288.4M	2.88%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$283.0M	2.82%