Camping World Holdings

CWH • NYSE

Camping World Holdings is a auto - dealerships company in the consumer cyclical sector on NYSE, led by Matthew D. Wagner, with a market cap of $650.2M. As of Q3 2025, 102% of shares are held by 222 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.31%.

Chief Executive OfficerMatthew D. Wagner

Market Cap$650.2M

Auto - Dealerships

Consumer Cyclical

Employees12.7K

Websitecampingworld.com

Country

United States of America

Overview

Overview of institutional ownership in CWH as of Q3 2025 with a market cap of $989.2M

All Institutions

Institutions: 222
Value Held: $1.0B
Shares Held: 63.8M
Avg Position: $4.5M
Median Position: $309.6K

Hedge Funds

Hedge Funds: 41
Value Held: $254.9M
Shares Held: 16.1M
Avg Position: $6.2M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

76.11%

$752.9M

Hedge Funds

25.77%

$254.9M

Retail & Other

Based on market cap of $989.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CWH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$92.1M 0.00% of portfolio	9.31% 5.8M shares	Q4 2016 Held for 8y 11m	$6.69T
B BlackRock, Inc. Institution	-	$85.3M 0.00% of portfolio	8.62% 5.4M shares	Q4 2016 Held for 8y 11m	$5.67T
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	Ricky Chad Sandler CEO	$62.6M 0.90% of portfolio	6.33% 4.0M shares	Q4 2023 Held for 1y 11m	$6.9B
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$58.7M 0.01% of portfolio	5.93% 3.7M shares	Q3 2023 Held for 2y 2m	$532.36B
Hood River Capital Management LLC Long Only Manager	Brian Paul Smoluch Managing Partner	$50.0M 0.59% of portfolio	5.05% 3.2M shares	Q4 2024 Held for 11 months	$8.5B
D D. E. Shaw & Co., Inc. Institution	-	$42.7M 0.04% of portfolio	4.32% 2.7M shares	Q2 2018 Held for 7y 5m	$115.81B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$42.6M 0.00% of portfolio	4.30% 2.7M shares	Q4 2016 Held for 8y 11m	$1.65T
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dmitry Balyasny CIO	$39.6M 0.08% of portfolio	4.00% 2.5M shares	Q1 2021 Held for 4y 8m	$48.1B
Crestview Partners II GP, L.P. Private Equity	Barry Stuart Volpert CEO	$30.3M 8.96% of portfolio	3.07% 1.9M shares	Q4 2016 Held for 8y 11m	$338.6M
FMR LLC Institution	-	$25.1M 0.00% of portfolio	2.54% 1.6M shares	Q3 2019 Held for 6y 2m	$1.92T

Net Capital Flow

Institutional buying and selling activity for CWH in Q3 2025

Traded: +$29.5M
Buyers: 122
Sellers: 92
Total Bought: +$214.5M
Total Sold: −$184.9M
Avg Position: $3.9M

Biggest Buyers

Institution	Net Bought	Current Position
Hood River Capital Management LLC Long Only Manager	+$26.3M +1.7M shares	$50.0M 3.2M shares
MORGAN STANLEY RIA/Wealth	+$21.9M +1.4M shares	$42.6M 2.7M shares
BANK OF AMERICA CORP /DE/ Institution	+$11.9M +755.7K shares	$21.2M 1.3M shares
B BlackRock, Inc. Institution	+$11.4M +723.1K shares	$85.3M 5.4M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$10.9M +688.2K shares	$10.9M 688.2K shares
Trexquant Investment LP Hedge Fund•Quant	+$9.4M +593.8K shares	$9.4M 593.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$8.8M +558.8K shares	$22.6M 1.4M shares
Capital Research Global Investors RIA/Wealth	+$7.9M +500.0K shares	$58.7M 3.7M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$6.7M +423.8K shares	$6.7M 423.8K shares
R ROYCE & ASSOCIATES LLC Institution	+$6.7M +422.0K shares	$6.7M 422.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$51.4M −3.0M shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$31.1M −2.0M shares	$6.6M 416.3K shares
Interval Partners, LLC Hedge Fund•Long/Short	−$30.5M −1.9M shares	$12.1M 765.4K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$11.3M −715.5K shares	$39.6M 2.5M shares
Q Qube Research & Technologies Ltd Institution	−$11.3M −713.8K shares	$11.3M 715.1K shares
Ararat Capital Management, LP Hedge Fund•Long/Short	−$5.8M −364.9K shares	$7.0M 443.1K shares
D D. E. Shaw & Co., Inc. Institution	−$5.6M −357.0K shares	$42.7M 2.7M shares
JPMORGAN CHASE & CO Institution	−$4.0M −251.9K shares	$423.9K 26.8K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$3.4M −199.8K shares	Sold Off 0 shares
B Brevan Howard Capital Management LP Institution	−$3.1M −180.4K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 10
New Value: $3.0M
Exited Positions: 33
Exited Value: $67.0M

New Positions

Institution	Position Value
NFJ INVESTMENT GROUP, LLC Long Only Manager	$1.4M 86.2K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$573.0K 36.3K shares
Optimize Financial Inc RIA/Wealth	$526.3K 33.3K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$302.8K 19.2K shares
K Keebeck Alpha, LP Hedge Fund	$254.4K 16.1K shares
Strategic Advocates LLC RIA/Wealth	$4.6K 290.0 shares
R Root Financial Partners, LLC RIA/Wealth	$1.1K 67.0 shares
Triumph Capital Management RIA/Wealth	$821.0 52.0 shares
Sontag Advisory, LLC RIA/Wealth	$300.0 19.0 shares
Cloud Capital Management, LLC RIA/Wealth	- 8.0 shares

Exited Positions

Institution	Previous Position
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	$51.4M 3.0M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$3.4M 199.8K shares
B Brevan Howard Capital Management LP Institution	$3.1M 180.4K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$1.4M 80.0K shares
B Bayesian Capital Management, LP Hedge Fund•Quant	$935.1K 54.4K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$865.6K 50.4K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$655.6K 38.1K shares
Atom Investors LP Hedge Fund•Market Neutral	$588.8K 34.3K shares
Blueshift Asset Management, LLC Hedge Fund•Quant	$443.4K 25.8K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$414.3K 24.1K shares

Options Activity

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

Call Positions: 15
Call Value: $46.4M
Put Positions: 10
Put Value: $11.6M

Call Positions

Institution	Position Value
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	$31.6M 20.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.8M 2.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.8M 1.8K contracts
J JANE STREET GROUP, LLC Institution	$2.6M 1.7K contracts
D D. E. Shaw & Co., Inc. Institution	$1.7M 1.1K contracts
P PEAK6 LLC Institution	$1.2M 787.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$966.3K 612.0 contracts
W WOLVERINE TRADING, LLC Institution	$872.4K 530.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$506.9K 321.0 contracts
Walleye Trading LLC RIA/Wealth	$205.3K 130.0 contracts

Put Positions

Institution	Position Value
D D. E. Shaw & Co., Inc. Institution	$2.6M 1.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 1.5K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.8M 1.1K contracts
W WOLVERINE TRADING, LLC Institution	$1.6M 1.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.2M 780.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.1M 670.0 contracts
P PEAK6 LLC Institution	$628.4K 398.0 contracts
J JANE STREET GROUP, LLC Institution	$426.3K 270.0 contracts
Walleye Trading LLC RIA/Wealth	$66.3K 42.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Crestview Partners II GP, L.P. Private Equity	Barry Stuart Volpert CEO	8.96% $30.3M	3.07% 1.9M shares	Q4 2016 Held for 8y 11m	$338.6M
Ararat Capital Management, LP Hedge Fund•Long/Short	Raffi Charles Tokatlian Managing Partner	3.54% $7.0M	0.71% 443.1K shares	Q1 2024 Held for 1y 8m	$197.8M
Kanen Wealth Management LLC RIA/Wealth	David Lawrence Kanen Member	1.58% $4.7M	0.48% 300.0K shares	Q3 2025 Held for 2 months	$299.1M
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	Ricky Chad Sandler CEO	0.90% $62.6M	6.33% 4.0M shares	Q4 2023 Held for 1y 11m	$6.9B
Hood River Capital Management LLC Long Only Manager	Brian Paul Smoluch Managing Partner	0.59% $50.0M	5.05% 3.2M shares	Q4 2024 Held for 11 months	$8.5B
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	Brian Kuzma Managing Partner	0.39% $1.2M	0.12% 76.9K shares	Q2 2025 Held for 5 months	$320.9M
P Pingora Partners LLC RIA/Wealth	Keith Bryan Ohnmeis Managing Partner	0.38% $571.6K	0.06% 36.2K shares	Q4 2024 Held for 11 months	$150.7M
K Keebeck Alpha, LP Hedge Fund	Thong Huy Nguyen CIO	0.35% $254.4K	0.03% 16.1K shares	Q3 2025 Held for 2 months	$71.9M
C Carnegie Lake Advisors LLC RIA/Wealth	Eckart Alexander Weeck President	0.34% $874.4K	0.09% 55.4K shares	Q3 2024 Held for 1y 2m	$259.9M
Optimize Financial Inc RIA/Wealth	Casey Elizabeth Witters CEO	0.27% $526.3K	0.05% 33.3K shares	Q3 2025 Held for 2 months	$192.0M

Hedge Fund Spotlight

Discover hedge funds investing in CWH

INCEPTIONR LLC

Hedge Fund • Quant

Portfolio ManagerLi Nmn Lu

Portfolio Value: $414.3M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in Camping World Holdings

Market Value: $225.5K
Shares Held: 14.3K
Portfolio Weight: 0.05%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$2.2M	0.54%
2 AECOM ACM	Engineering & Construction Industrials	$2.2M	0.54%
3 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$2.2M	0.53%