Sportsman's Warehouse

SPWH • NASDAQ

Sportsman's Warehouse is a specialty retail company in the consumer cyclical sector on NASDAQ, led by Paul Stone, with a market cap of $58.5M. As of Q3 2025, 73% of shares are held by 68 institutional investors, with FMR LLC as the largest holder at 14.88%.

Chief Executive OfficerPaul Stone

Market Cap$58.5M

Specialty Retail

Consumer Cyclical

Employees5.4K

Websitesportsmans.com

Country

United States of America

Overview

Overview of institutional ownership in SPWH as of Q3 2025 with a market cap of $106.5M

All Institutions

Institutions: 68
Value Held: $77.4M
Shares Held: 27.9M
Avg Position: $1.1M
Median Position: $496.9K

Hedge Funds

Hedge Funds: 17
Value Held: $28.5M
Shares Held: 10.3M
Avg Position: $1.7M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

45.9%

$48.9M

Hedge Funds

26.81%

$28.5M

Retail & Other

27.29%

$29.1M

Based on market cap of $106.5M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SPWH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$15.8M 0.00% of portfolio	14.88% 5.7M shares	Q1 2022 Held for 3y 8m	$1.92T
Union Square Park Capital Management, LLC Hedge Fund•Event Driven	Leon Michael Zaltzman Managing Partner	$4.9M 3.44% of portfolio	4.64% 1.8M shares	Q4 2021 Held for 3y 11m	$143.6M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$4.9M 0.00% of portfolio	4.60% 1.8M shares	Q2 2014 Held for 11y 5m	$6.69T
J JB CAPITAL PARTNERS LP Hedge Fund•Value	Alan Wayne Weber CCO	$4.7M 0.81% of portfolio	4.45% 1.7M shares	Q1 2021 Held for 4y 8m	$584.1M
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$3.4M 0.00% of portfolio	3.18% 1.2M shares	Q4 2022 Held for 2y 11m	$158.92B
Archon Capital Management LLC Hedge Fund•Long/Short	Constantinos John Christofilis Managing Partner	$3.0M 1.82% of portfolio	2.86% 1.1M shares	Q1 2025 Held for 8 months	$167.6M
Marshall Wace LLP Institution	Diana Lj Harrison President	$3.0M 0.00% of portfolio	2.80% 1.1M shares	Q3 2024 Held for 1y 2m	$90.3B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$2.9M 0.00% of portfolio	2.70% 1.0M shares	Q3 2015 Held for 10y 2m	$466.32B
GABELLI FUNDS LLC Long Only Manager	John Chester Ball President	$2.8M 0.02% of portfolio	2.66% 1.0M shares	Q4 2020 Held for 4y 11m	$14.5B
B BlackRock, Inc. Institution	-	$1.9M 0.00% of portfolio	1.82% 699.1K shares	Q3 2015 Held for 10y 2m	$5.67T

Net Capital Flow

Institutional buying and selling activity for SPWH in Q3 2025

Traded: +$3.0M
Buyers: 30
Sellers: 36
Total Bought: +$18.7M
Total Sold: −$15.7M
Avg Position: $921.5K

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$10.3M +3.7M shares	$15.8M 5.7M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$1.2M +436.3K shares	$1.4M 488.1K shares
Archon Capital Management LLC Hedge Fund•Long/Short	+$958.6K +346.1K shares	$3.0M 1.1M shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	+$746.2K +269.4K shares	$1.3M 486.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$691.2K +249.5K shares	$921.9K 332.8K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$655.2K +236.5K shares	$724.1K 261.4K shares
M Mink Brook Asset Management LLC Institution	+$617.1K +222.8K shares	$659.7K 238.1K shares
Union Square Park Capital Management, LLC Hedge Fund•Event Driven	+$504.2K +182.0K shares	$4.9M 1.8M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$411.9K +148.7K shares	$2.9M 1.0M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$382.8K +138.2K shares	$3.4M 1.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
Portolan Capital Management, LLC Hedge Fund•Long/Short	−$2.8M −1.0M shares	$841.5K 303.8K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$1.4M −402.3K shares	Sold Off 0 shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	−$1.2M −356.2K shares	Sold Off 0 shares
S Solas Capital Management, LLC Hedge Fund•Long/Short	−$1.2M −440.2K shares	$529.4K 191.1K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	−$1.1M −332.6K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$1.1M −390.6K shares	$980.3K 353.9K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$1.1M −380.8K shares	$227.9K 82.3K shares
D D. E. Shaw & Co., Inc. Institution	−$942.9K −273.3K shares	Sold Off 0 shares
S Soviero Asset Management, LP Hedge Fund•Long/Short	−$831.0K −300.0K shares	$1.2M 440.0K shares
Marshall Wace LLP Institution	−$794.2K −286.7K shares	$3.0M 1.1M shares

Entry and Exit Activity

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

New Positions: 1
New Value: $36.0
Exited Positions: 15
Exited Value: $5.5M

New Positions

Institution	Position Value
SRS Capital Advisors, Inc. RIA/Wealth	$36.0 13.0 shares

Exited Positions

Institution	Previous Position
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$1.4M 402.3K shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	$1.2M 356.2K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.1M 332.6K shares
D D. E. Shaw & Co., Inc. Institution	$942.9K 273.3K shares
S SIMPLEX TRADING, LLC Institution	$280.4K 81.3K shares
G GROUP ONE TRADING, L.P. Institution	$162.0K 46.9K shares
S SG Americas Securities, LLC Institution	$93.3K 27.0K shares
V Virtu Financial LLC Institution	$83.5K 24.2K shares
W WOLVERINE TRADING, LLC Institution	$55.7K 15.8K shares
D Dynamic Technology Lab Private Ltd Institution	$53.1K 15.4K shares

Options Activity

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

Call Positions: 4
Call Value: $406.1K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$186.1K 672.0 contracts
B Belvedere Trading LLC Institution	$108.9K 393.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$77.8K 281.0 contracts
W WOLVERINE TRADING, LLC Institution	$33.2K 115.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with SPWH 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	3.44% $4.9M	4.64% 1.8M shares	Q4 2021 Held for 3y 11m	$143.6M
Archon Capital Management LLC Hedge Fund•Long/Short	Constantinos John Christofilis Managing Partner	1.82% $3.0M	2.86% 1.1M shares	Q1 2025 Held for 8 months	$167.6M
J JB CAPITAL PARTNERS LP Hedge Fund•Value	Alan Wayne Weber CCO	0.81% $4.7M	4.45% 1.7M shares	Q1 2021 Held for 4y 8m	$584.1M
S Soviero Asset Management, LP Hedge Fund•Long/Short	Thomas E King CFO	0.75% $1.2M	1.14% 440.0K shares	Q4 2024 Held for 11 months	$161.8M
M Mink Brook Asset Management LLC Institution	-	0.46% $659.7K	0.62% 238.1K shares	Q4 2024 Held for 11 months	$144.8M
M Mork Capital Management Institution	-	0.34% $498.6K	0.47% 180.0K shares	Q1 2022 Held for 3y 8m	$145.1M
S Solas Capital Management, LLC Hedge Fund•Long/Short	Frederick Tucker Golden CIO	0.32% $529.4K	0.50% 191.1K shares	Q4 2022 Held for 2y 11m	$163.8M
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	Patrick Bernard Huvane CEO	0.28% $1.7M	1.63% 626.4K shares	Q1 2021 Held for 4y 8m	$610.0M
Skylands Capital, LLC Hedge Fund•Multi-Strategy	Virginia Elizabeth Shaffar President	0.15% $1.1M	1.02% 393.0K shares	Q4 2022 Held for 2y 11m	$723.8M
U U S WEALTH GROUP, LLC. Institution	-	0.09% $133.8K	0.13% 48.3K shares	Q4 2024 Held for 11 months	$151.9M

Hedge Fund Spotlight

Discover hedge funds investing in SPWH

Portolan Capital Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerGeorge Frederic Mccabe

Portfolio Value: $1.8B
Positions: 119
Last Reported: Q3 2025

Sector Allocation

Position in Sportsman's Warehouse

Market Value: $841.5K
Shares Held: 303.8K
Portfolio Weight: 0.05%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Modine Manufacturing MOD	Auto - Parts Consumer Cyclical	$85.6M	4.63%
2 TTM Technologies TTMI	Hardware, Equipment & Parts Technology	$68.5M	3.71%
3 e.l.f. Beauty ELF	Household & Personal Products Consumer Defensive	$64.6M	3.49%