Barnes & Noble Education

BNED • NYSE

Barnes & Noble Education is a specialty retail company in the consumer cyclical sector on NYSE, led by Jonathan Shar, with a market cap of $308.2M. As of Q3 2025, 62% of shares are held by 84 institutional investors, with IMMERSION CORP as the largest holder at 32.91%.

Chief Executive OfficerJonathan Shar

Market Cap$308.2M

Specialty Retail

Consumer Cyclical

Employees3.8K

Websitebned.com

Country

United States of America

Overview

Overview of institutional ownership in BNED as of Q3 2025 with a market cap of $338.8M

All Institutions

Institutions: 84
Value Held: $211.5M
Shares Held: 21.3M
Avg Position: $2.5M
Median Position: $118.5K

Hedge Funds

Hedge Funds: 15
Value Held: $12.5M
Shares Held: 1.3M
Avg Position: $833.4K
Median Position: $265.3K

Ownership Breakdown

Institutional (non-HF)

58.73%

$199.0M

Hedge Funds

3.69%

$12.5M

Retail & Other

37.58%

$127.3M

Based on market cap of $338.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BNED as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
IMMERSION CORP Institution	Tom Lacey CEO	$111.5M 68.86% of portfolio	32.91% 11.2M shares	Q4 2024 Held for 11 months	$162.0M
Kanen Wealth Management LLC RIA/Wealth	David Lawrence Kanen Member	$30.5M 10.19% of portfolio	9.07% 3.1M shares	Q3 2024 Held for 1y 2m	$299.1M
B BlackRock, Inc. Institution	-	$10.6M 0.00% of portfolio	3.12% 1.1M shares	Q3 2015 Held for 10y 2m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$10.2M 0.00% of portfolio	3.02% 1.0M shares	Q3 2015 Held for 10y 2m	$6.69T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$9.7M 0.00% of portfolio	2.88% 979.1K shares	Q3 2015 Held for 10y 2m	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$4.3M 0.00% of portfolio	1.27% 433.6K shares	Q3 2015 Held for 10y 2m	$1.57T
6 683 Capital Management, LLC Hedge Fund•Long/Short	Ari Jonathan Zweiman Managing Partner	$3.5M 0.33% of portfolio	1.03% 350.0K shares	Q3 2024 Held for 1y 2m	$1.1B
P PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Matthew Nicholas Dunham President	$3.1M 0.32% of portfolio	0.90% 307.8K shares	Q3 2024 Held for 1y 2m	$948.6M
CENTAURUS FINANCIAL, INC. RIA/Wealth	James Ronald Sr King CEO	$2.9M 0.16% of portfolio	0.87% 296.0K shares	Q1 2025 Held for 8 months	$1.8B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$2.5M 0.00% of portfolio	0.73% 250.0K shares	Q4 2024 Held for 11 months	$121.98B

Net Capital Flow

Institutional buying and selling activity for BNED in Q3 2025

Traded: −$21.0M
Buyers: 50
Sellers: 38
Total Bought: +$9.9M
Total Sold: −$30.8M
Avg Position: $2.0M

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$2.7M +267.7K shares	$9.7M 979.1K shares
BANK OF AMERICA CORP /DE/ Institution	+$1.4M +144.2K shares	$2.4M 245.1K shares
VANGUARD GROUP INC Institution	+$670.3K +67.4K shares	$10.2M 1.0M shares
STATE STREET CORP Institution	+$417.2K +41.9K shares	$2.3M 231.1K shares
UBS Group AG Institution	+$413.8K +41.6K shares	$1.3M 133.9K shares
B BlackRock, Inc. Institution	+$410.6K +41.3K shares	$10.6M 1.1M shares
GOLDMAN SACHS GROUP INC Institution	+$358.4K +36.0K shares	$1.7M 175.3K shares
Caption Management, LLC Hedge Fund•Long/Short	+$323.6K +32.5K shares	$814.3K 81.8K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$313.6K +31.5K shares	$4.3M 433.6K shares
Voleon Capital Management LP Hedge Fund•Quant	+$280.1K +28.2K shares	$280.1K 28.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
Greenhaven Road Investment Management, L.P. Hedge Fund•Value	−$11.6M −984.2K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$4.2M −426.5K shares	$896.1K 90.1K shares
Marshall Wace LLP Institution	−$3.1M −261.7K shares	Sold Off 0 shares
6 683 Capital Management, LLC Hedge Fund•Long/Short	−$1.4M −137.0K shares	$3.5M 350.0K shares
D D. E. Shaw & Co., Inc. Institution	−$989.3K −99.4K shares	$196.4K 19.7K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	−$949.6K −80.7K shares	Sold Off 0 shares
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	−$823.9K −70.0K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$737.2K −74.1K shares	$2.5M 250.0K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$708.1K −60.2K shares	Sold Off 0 shares
M MYDA Advisors LLC Hedge Fund•Long/Short	−$706.2K −60.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 6
New Value: $604.6K
Exited Positions: 20
Exited Value: $21.5M

New Positions

Institution	Position Value
Voleon Capital Management LP Hedge Fund•Quant	$280.1K 28.2K shares
S Sender Co & Partners, Inc. Institution	$209.2K 21.0K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$114.1K 11.5K shares
S SBI Securities Co., Ltd. Institution	$756.0 76.0 shares
E EverSource Wealth Advisors, LLC RIA/Wealth	$239.0 24.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$99.0 10.0 shares

Exited Positions

Institution	Previous Position
Greenhaven Road Investment Management, L.P. Hedge Fund•Value	$11.6M 984.2K shares
Marshall Wace LLP Institution	$3.1M 261.7K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$949.6K 80.7K shares
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	$823.9K 70.0K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$708.1K 60.2K shares
M MYDA Advisors LLC Hedge Fund•Long/Short	$706.2K 60.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$652.6K 55.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$563.3K 47.9K shares
S SG Americas Securities, LLC Institution	$461.3K 39.2K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$359.3K 30.5K shares

Options Activity

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

Call Positions: 3
Call Value: $3.8M
Put Positions: 3
Put Value: $1.2M

Call Positions

Institution	Position Value
G GARNET EQUITY CAPITAL HOLDINGS, INC. Hedge Fund•Long/Short	$1.7M 1.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$968.1K 973.0 contracts

Put Positions

Institution	Position Value
Caption Management, LLC Hedge Fund•Long/Short	$996.0K 1.0K contracts
J JANE STREET GROUP, LLC Institution	$154.2K 155.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
IMMERSION CORP Institution	Tom Lacey CEO	68.86% $111.5M	32.91% 11.2M shares	Q4 2024 Held for 11 months	$162.0M
Kanen Wealth Management LLC RIA/Wealth	David Lawrence Kanen Member	10.19% $30.5M	9.07% 3.1M shares	Q3 2024 Held for 1y 2m	$299.1M
D DCF Advisers, LLC Institution	-	1.08% $2.3M	0.67% 229.4K shares	Q2 2024 Held for 1y 5m	$212.2M
6 683 Capital Management, LLC Hedge Fund•Long/Short	Ari Jonathan Zweiman Managing Partner	0.33% $3.5M	1.03% 350.0K shares	Q3 2024 Held for 1y 2m	$1.1B
P PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Matthew Nicholas Dunham President	0.32% $3.1M	0.90% 307.8K shares	Q3 2024 Held for 1y 2m	$948.6M
CENTAURUS FINANCIAL, INC. RIA/Wealth	James Ronald Sr King CEO	0.16% $2.9M	0.87% 296.0K shares	Q1 2025 Held for 8 months	$1.8B
S Sender Co & Partners, Inc. Institution	-	0.08% $209.2K	0.06% 21.0K shares	Q3 2025 Held for 2 months	$256.4M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.06% $114.1K	0.03% 11.5K shares	Q3 2025 Held for 2 months	$176.9M
Diametric Capital, LP Hedge Fund•Long/Short	David Richard Salvietti COO	0.06% $170.8K	0.05% 17.2K shares	Q3 2024 Held for 1y 2m	$264.8M
E EntryPoint Capital, LLC Hedge Fund•Long/Short	Lawrence Edward Leibowitz CEO	0.06% $142.8K	0.04% 14.4K shares	Q1 2025 Held for 8 months	$258.4M

Hedge Fund Spotlight

Discover hedge funds investing in BNED

PharVision Advisers, LLC

Hedge Fund • Long/Short

Portfolio ManagerBlagovest Dimitrov Baychev

Portfolio Value: $176.9M
Positions: 650
Last Reported: Q3 2025

Sector Allocation

Position in Barnes & Noble Education

Market Value: $114.1K
Shares Held: 11.5K
Portfolio Weight: 0.06%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Wayfair W	Specialty Retail Consumer Cyclical	$877.8K	0.50%
2 ExlService Holdings EXLS	Information Technology Services Technology	$780.4K	0.44%
3 UP Fintech Holding Ltd TIGR	Financial - Capital Markets Financial Services	$733.7K	0.41%