Sally Beauty

SBH • NYSE

Sally Beauty is a specialty retail company in the consumer cyclical sector on NYSE, led by Denise Paulonis, with a market cap of $1.5B. As of Q3 2025, 109% of shares are held by 246 institutional investors, with BlackRock, Inc. as the largest holder at 14.81%.

Chief Executive OfficerDenise Paulonis

Market Cap$1.5B

Specialty Retail

Consumer Cyclical

Employees27.0K

Websitesallybeautyholdings.com

Country

United States of America

Overview

Overview of institutional ownership in SBH as of Q3 2025 with a market cap of $1.6B

All Institutions

Institutions: 246
Value Held: $1.8B
Shares Held: 107.8M
Avg Position: $7.1M
Median Position: $550.4K

Hedge Funds

Hedge Funds: 35
Value Held: $158.3M
Shares Held: 9.6M
Avg Position: $4.5M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

99.08%

$1.6B

Hedge Funds

9.83%

$158.3M

Retail & Other

Based on market cap of $1.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SBH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$238.6M 0.00% of portfolio	14.81% 14.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$187.0M 0.00% of portfolio	11.61% 11.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$90.3M 0.02% of portfolio	5.61% 5.5M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	$74.8M 0.40% of portfolio	4.65% 4.6M shares	Q3 2025 Held for 2 months	$18.6B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$71.9M 0.00% of portfolio	4.46% 4.4M shares	Q4 2015 Held for 9y 11m	$2.88T
F Fisher Asset Management, LLC Institution	-	$70.7M 0.03% of portfolio	4.39% 4.3M shares	Q3 2020 Held for 5y 2m	$276.29B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$60.2M 0.04% of portfolio	3.74% 3.7M shares	Q2 2017 Held for 8y 5m	$158.22B
FMR LLC Institution	-	$59.3M 0.00% of portfolio	3.68% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$54.7M 0.12% of portfolio	3.40% 3.4M shares	Q4 2015 Held for 9y 11m	$45.1B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$44.4M 0.01% of portfolio	2.76% 2.7M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B

Net Capital Flow

Institutional buying and selling activity for SBH in Q3 2025

Traded: +$19.7M
Buyers: 126
Sellers: 117
Total Bought: +$236.1M
Total Sold: −$216.4M
Avg Position: $6.4M

Biggest Buyers

Institution	Net Bought	Current Position
WASATCH ADVISORS INC Long Only Manager	+$74.8M +4.6M shares	$74.8M 4.6M shares
GOLDMAN SACHS GROUP INC Institution	+$34.1M +2.1M shares	$44.4M 2.7M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$17.2M +1.1M shares	$27.0M 1.7M shares
MORGAN STANLEY RIA/Wealth	+$16.0M +980.2K shares	$33.6M 2.1M shares
H HRT FINANCIAL LLC Institution	+$10.8M +666.2K shares	$12.6M 772.6K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$9.6M +591.4K shares	$17.2M 1.1M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$7.3M +445.8K shares	$7.3M 449.5K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$4.8M +297.5K shares	$4.8M 297.5K shares
D D. E. Shaw & Co., Inc. Institution	+$4.3M +264.5K shares	$16.5M 1.0M shares
Brandywine Global Investment Management, LLC Long Only Manager	+$4.1M +251.3K shares	$4.1M 251.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS Group AG Institution	−$22.2M −1.4M shares	$19.5M 1.2M shares
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	−$18.8M −1.2M shares	$33.4M 2.1M shares
Q Qube Research & Technologies Ltd Institution	−$16.9M −1.0M shares	$9.3M 569.3K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$16.4M −1.0M shares	$3.1M 190.6K shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	−$16.2M −994.0K shares	$11.3M 691.0K shares
VANGUARD GROUP INC Institution	−$15.5M −951.1K shares	$187.0M 11.5M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$14.7M −900.3K shares	$60.2M 3.7M shares
B BlackRock, Inc. Institution	−$11.9M −733.5K shares	$238.6M 14.7M shares
L Lightrock Netherlands B.V. Institution	−$9.7M −703.2K shares	$17.2M 1.2M shares
BARCLAYS PLC Institution	−$5.7M −349.6K shares	$4.5M 274.4K shares

Entry and Exit Activity

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

New Positions: 19
New Value: $4.3M
Exited Positions: 28
Exited Value: $17.2M

New Positions

Institution	Position Value
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	$1.3M 77.0K shares
C CAXTON ASSOCIATES LLP Institution	$720.5K 44.3K shares
Horizon Investments, LLC/SC Long Only Manager	$660.1K 40.5K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$570.4K 35.0K shares
Semanteon Capital Management, LP Hedge Fund•Long/Short	$567.3K 34.8K shares
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy	$155.1K 9.5K shares
Groupe la Francaise Fund of Funds	$135.0K 9.7K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	$118.6K 7.5K shares
C C M BIDWELL & ASSOCIATES LTD Institution	$85.8K 5.3K shares
Bayforest Capital Ltd Hedge Fund•Quant	$24.3K 1.5K shares

Exited Positions

Institution	Previous Position
A Acuitas Investments, LLC Fund of Funds	$2.7M 286.6K shares
CenterBook Partners LP Hedge Fund•Market Neutral	$2.3M 243.2K shares
A AXA Institution	$1.8M 191.6K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$1.6M 174.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.4M 146.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.2M 127.2K shares
Optimize Financial Inc RIA/Wealth	$725.0K 78.3K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$719.0K 77.6K shares
SummerHaven Investment Management, LLC Long Only Manager	$689.2K 74.4K shares
BAILARD, INC. RIA/Wealth	$642.6K 69.4K shares

Options Activity

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

Call Positions: 5
Call Value: $3.8M
Put Positions: 6
Put Value: $10.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.7M 1.0K contracts
P PEAK6 LLC Institution	$1.2M 719.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$665.9K 409.0 contracts
W WOLVERINE TRADING, LLC Institution	$178.2K 109.0 contracts
Walleye Trading LLC RIA/Wealth	$35.8K 22.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.7M 4.1K contracts
Walleye Trading LLC RIA/Wealth	$2.4M 1.4K contracts
P PEAK6 LLC Institution	$651.2K 400.0 contracts
S SIG BROKERAGE, LP Institution	$407.0K 250.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$195.4K 120.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Ranmore Fund Management Ltd Institution	-	10.93% $35.8M	2.22% 2.2M shares	Q4 2024 Held for 11 months	$327.8M
L Lightrock Netherlands B.V. Institution	-	4.49% $17.2M	1.25% 1.2M shares	Q4 2024 Held for 11 months	$382.4M
P Profit Investment Management, LLC Institution	-	3.05% $2.4M	0.15% 148.9K shares	Q1 2024 Held for 1y 8m	$79.5M
Access Investment Management LLC RIA/Wealth	William Robert Casey CCO	2.47% $9.2M	0.57% 564.1K shares	Q2 2025 Held for 5 months	$372.1M
Polaris Capital Management, Inc. Long Only Manager	Bernard Robert Horn President	2.20% $33.5M	2.08% 2.1M shares	Q1 2022 Held for 3y 8m	$1.5B
Bronte Capital Management Pty Ltd. Hedge Fund•Long/Short	John Lawrence Hempton CIO	2.04% $19.7M	1.09% 1.1M shares	Q1 2025 Held for 8 months	$962.3M
Semanteon Capital Management, LP Hedge Fund•Long/Short	Rajat Lal Managing Partner	0.71% $567.3K	0.04% 34.8K shares	Q3 2025 Held for 2 months	$79.7M
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	Gil Maor Managing Partner	0.70% $570.4K	0.04% 35.0K shares	Q3 2025 Held for 2 months	$81.9M
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	David John Corkins Managing Partner	0.62% $33.4M	2.08% 2.1M shares	Q3 2013 Held for 12y 2m	$5.4B
I Invenomic Capital Management LP Hedge Fund•Long/Short	Benjamin Robert Deschaine President	0.59% $11.3M	0.70% 691.0K shares	Q4 2023 Held for 1y 11m	$1.9B

Hedge Fund Spotlight

Discover hedge funds investing in SBH

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in Sally Beauty

Market Value: $618.5K
Shares Held: 38.0K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

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