Restoration Hardware

RH • NYSE

Restoration Hardware is a specialty retail company in the consumer cyclical sector on NYSE, led by Gary Friedman, with a market cap of $3.0B. As of Q3 2025, 87% of shares are held by 395 institutional investors, with FMR LLC as the largest holder at 15.0%.

Co-Chief Executive OfficerGary Friedman

Market Cap$3.0B

Specialty Retail

Consumer Cyclical

Employees6.6K

Websiterestorationhardware.com

Country

United States of America

Overview

Overview of institutional ownership in RH as of Q3 2025 with a market cap of $3.8B

All Institutions

Institutions: 395
Value Held: $3.3B
Shares Held: 16.2M
Avg Position: $8.3M
Median Position: $607.7K

Hedge Funds

Hedge Funds: 57
Value Held: $600.9M
Shares Held: 3.0M
Avg Position: $10.5M
Median Position: $2.2M

Ownership Breakdown

Institutional (non-HF)

70.79%

$2.7B

Hedge Funds

15.78%

$600.9M

Retail & Other

13.43%

$511.6M

Based on market cap of $3.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$571.1M 0.03% of portfolio	15.00% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$286.6M 0.00% of portfolio	7.53% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$286.1M 0.01% of portfolio	7.51% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	$131.6M 4.23% of portfolio	3.46% 647.8K shares	Q4 2022 Held for 2y 11m	$3.1B
UBS Group AG Institution	Sergio P. Ermotti CEO	$117.2M 0.02% of portfolio	3.08% 576.7K shares	Q4 2014 Held for 10y 11m	$511.54B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$116.5M 0.04% of portfolio	3.06% 573.7K shares	≤ Q2 2013 Held for 12y 5m+	$317.45B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$95.7M 0.00% of portfolio	2.51% 470.9K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
D D. E. Shaw & Co., Inc. Institution	-	$78.1M 0.07% of portfolio	2.05% 384.3K shares	≤ Q2 2013 Held for 12y 5m+	$115.81B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$76.4M 0.11% of portfolio	2.01% 376.0K shares	≤ Q2 2013 Held for 12y 5m+	$67.9B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Carter Mayberry Lyons CEO	$73.0M 0.12% of portfolio	1.92% 359.1K shares	Q4 2022 Held for 2y 11m	$62.0B

Net Capital Flow

Institutional buying and selling activity for RH in Q3 2025

Net Flow: −$100.2M
Buyers: 161
Sellers: 188
Total Bought: +$571.1M
Total Sold: −$671.3M
Avg Position: $7.5M

Biggest Buyers

Institution	Net Bought	Current Position
D D. E. Shaw & Co., Inc. Institution	+$73.4M +361.2K shares	$78.1M 384.3K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$46.4M +228.2K shares	$116.5M 573.7K shares
JPMORGAN CHASE & CO Institution	+$42.9M +211.0K shares	$53.9M 265.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$42.5M +209.3K shares	$76.4M 376.0K shares
UBS Group AG Institution	+$40.4M +198.9K shares	$117.2M 576.7K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$40.4M +198.6K shares	$60.5M 297.7K shares
Bank of New York Mellon Corp Institution	+$25.7M +126.3K shares	$45.0M 221.6K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$21.4M +105.1K shares	$48.7M 239.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$21.2M +104.2K shares	$73.0M 359.1K shares
BARCLAYS PLC Institution	+$14.4M +70.7K shares	$29.7M 146.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
Durable Capital Partners LP Hedge Fund•Long/Short	−$86.3M −424.7K shares	$45.0M 221.4K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$82.9M −438.6K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$55.9M −274.9K shares	$739.9K 3.6K shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$49.5M −249.0K shares	Sold Off 0 shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	−$30.5M −161.1K shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$27.8M −146.9K shares	Sold Off 0 shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	−$26.5M −130.6K shares	$12.5M 61.4K shares
Anomaly Capital Management, LP Hedge Fund•Long/Short	−$25.7M −126.6K shares	$10.0M 49.5K shares
Diameter Capital Partners LP Hedge Fund•Credit Arb	−$25.1M −123.7K shares	$4.1M 20.0K shares
SCP Investment, LP Hedge Fund•Multi-Strategy	−$18.0M −95.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 19
New Value: $12.7M
Exited Positions: 74
Exited Value: $345.7M

New Positions

Institution	Position Value
H HEARTLAND ADVISORS INC Long Only Manager	$4.6M 22.5K shares
F Future Fund LLC Institution	$1.8M 8.9K shares
O One Capital Management, LLC RIA/Wealth	$1.1M 5.6K shares
I Integrated Financial Solutions, Inc. RIA/Wealth	$1.0M 5.5K shares
P Point72 Italy, S.r.l. Institution	$873.6K 4.3K shares
HARBOR CAPITAL ADVISORS, INC. ETF Provider	$607.7K 3.0K shares
Burns Wealth Management, Inc. RIA/Wealth	$492.6K 2.4K shares
Optimize Financial Inc RIA/Wealth	$483.1K 2.4K shares
Alphadyne Asset Management, LLC Hedge Fund•Global Macro	$409.4K 2.0K shares
A Arnhold LLC Family Office	$406.3K 2.0K shares

Exited Positions

Institution	Previous Position
S Squarepoint Ops LLC Hedge Fund•Quant	$82.9M 438.6K shares
Allspring Global Investments Holdings, LLC Long Only Manager	$49.5M 249.0K shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$30.5M 161.1K shares
Q Qube Research & Technologies Ltd Institution	$27.8M 146.9K shares
SCP Investment, LP Hedge Fund•Multi-Strategy	$18.0M 95.0K shares
Trexquant Investment LP Hedge Fund•Quant	$16.3M 86.2K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$15.3M 80.8K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$10.7M 56.8K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$9.5M 50.0K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$7.9M 41.6K shares

Options Activity

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

Call Positions: 24
Call Value: $527.4M
Put Positions: 26
Put Value: $681.7M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$136.7M 6.7K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$125.6M 6.2K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$80.6M 4.0K contracts
J JANE STREET GROUP, LLC Institution	$35.0M 1.7K contracts
W WOLVERINE TRADING, LLC Institution	$31.5M 1.6K contracts
Walleye Trading LLC RIA/Wealth	$24.2M 1.2K contracts
P PEAK6 LLC Institution	$16.0M 787.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$12.8M 630.0 contracts
C Cubist Systematic Strategies, LLC Institution	$12.5M 617.0 contracts
Q Qube Research & Technologies Ltd Institution	$11.9M 586.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$231.0M 11.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$125.6M 6.2K contracts
J JANE STREET GROUP, LLC Institution	$84.8M 4.2K contracts
D D. E. Shaw & Co., Inc. Institution	$38.1M 1.9K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$36.7M 1.8K contracts
W WOLVERINE TRADING, LLC Institution	$33.0M 1.7K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$25.1M 1.2K contracts
Walleye Trading LLC RIA/Wealth	$19.5M 960.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$19.5M 958.0 contracts
C Cubist Systematic Strategies, LLC Institution	$14.8M 727.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Union Square Park Capital Management, LLC Hedge Fund•Event Driven	Leon Michael Zaltzman Managing Partner	7.07% $10.2M	0.27% 50.0K shares	Q4 2020 Held for 4y 11m	$143.6M
B Baypointe Partners LLC Hedge Fund•Long/Short	Sean James Gambino Founder	6.96% $15.2M	0.40% 75.0K shares	Q1 2025 Held for 8 months	$218.8M
Xcel Wealth Management, LLC RIA/Wealth	Jonathan Scott Xynidis Managing Partner	6.77% $25.5M	0.67% 125.7K shares	Q2 2020 Held for 5y 5m	$377.1M
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	4.23% $131.6M	3.46% 647.8K shares	Q4 2022 Held for 2y 11m	$3.1B
K Kamunting Street Capital Management, L.P. Institution	-	3.79% $5.1M	0.13% 25.0K shares	Q2 2025 Held for 5 months	$134.1M
I Ionic Capital Management LLC Hedge Fund•Multi-Strategy	Bart Ethan Baum CIO	2.62% $2.2M	0.06% 10.7K shares	Q1 2025 Held for 8 months	$83.1M
D DCM Advisors, LLC RIA/Wealth	Glenn Andrew Grossman CEO	2.27% $5.4M	0.14% 26.5K shares	Q2 2022 Held for 3y 5m	$237.1M
Broad Run Investment Management, LLC Long Only Manager	Ira Mitchell Rothberg Managing Partner	2.15% $13.1M	0.34% 64.6K shares	Q1 2020 Held for 5y 8m	$610.9M
Valiant Capital Management, L.P. Hedge Fund•Long/Short	Christopher Robert Hansen President	2.04% $22.0M	0.58% 108.5K shares	Q2 2025 Held for 5 months	$1.1B
Koa Wealth Management, LLC RIA/Wealth	Michael Frederick Souza CEO	2.04% $2.8M	0.07% 13.6K shares	Q4 2023 Held for 1y 11m	$134.9M

Hedge Fund Spotlight

Discover hedge funds investing in RH

Voleon Capital Management LP

Hedge Fund • Quant

Portfolio ManagerMichael Kharitonov

Portfolio Value: $4.1B
Positions: 884
Last Reported: Q3 2025

Sector Allocation

Position in Restoration Hardware

Market Value: $221.9K
Shares Held: 1.1K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

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