Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BARNES & NOBLE ED INC (BNED)

80 + Investors. Track Smart Money conviction in BNED. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
2Q ▼
Buyers last Q
53%

Smart Money Signals — BNED

Based on 81 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their BNED positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
81 funds currently hold this stock — 92% of the 3.0-year high of 88 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+11 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 4 quarters from the low — a sharp move.
🟡

Slight buying edge — 53% buying

40 buying35 selling
Last quarter: 40 funds bought or added vs 35 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 17 → 30 → 17 → 10. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 19% new
49 out of 81 hedge funds have held BNED for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
⚠️

Saturation — most institutions already know this story

30 → 17 → 30 → 17 → 10 new funds/Q
New funds entering each quarter: 17 → 30 → 17 → 10. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 6% 1-2yr ■ 23% new
Of 84 current holders: 60 (71%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
31 of 81 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BNED

In 2025 Q4, 40 hedge funds were net buyers of BNED (10 opened a new position, 30 added to an existing one), while 35 reduced or exited (20 trimmed, 15 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 20% of total institutional value in BNED is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 81.

Hedge Fund Ownership: BNED

How many hedge funds hold BNED — quarterly history vs. share price
Quarterly hedge fund ownership of BNED vs. share price

Market Analysis: BNED

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BNED

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 2 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: BNED
2026 Q1 Stats Unlock in 2 days 80 + Investors

Track Smart Money conviction in BNED. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 80 84 -4.76%
13F Shares 25M 22M 12.73%
Total Value $225M $216M 4.07%
New Positions 10 15 -5
Increased Positions 35 36 -1
Closed Positions 14 19 -5
Reduced Positions 21 24 -3
Total Calls 3 3 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.33 0.67 Bullish

Statistics: BNED

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Valuation Measures Data as of: --

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Financial Highlights

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Institutional Holders (2026 Q1)

80 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BNED. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of BNED — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 IMMERSION CORP 68.40% 11,208,746 $99.0M
2 Windward Management LP 11.54% 1,700,000 $15.0M
3 PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. 0.78% 881,799 $7.8M
4 DCF Advisers, LLC 0.46% 196,943 $1.7M
5 683 Capital Management, LLC 0.18% 380,000 $3.4M
6 Diametric Capital, LP 0.04% 15,755 $139K
7 Voleon Capital Management LP 0.02% 91,842 $811K
8 SIG BROKERAGE, LP 0.01% 50,000 $442K
9 State of Wyoming 0.01% 7,729 $68K
10 SIG BROKERAGE, LP 0.01% 34,605 $306K
11 PRELUDE CAPITAL MANAGEMENT, LLC 0.01% 10,630 $94K
12 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% 39,000 $344K
13 AlphaQuest LLC 0.00% 4,858 $45K
14 Engineers Gate Manager LP 0.00% 21,100 $186K
15 HRT FINANCIAL LP 0.00% 94,947 $838K
16 Copeland Capital Management, LLC 0.00% 8,281 $73K
17 Vident Advisory, LLC 0.00% 20,659 $182K
18 ExodusPoint Capital Management, LP 0.00% 18,081 $160K
19 BNP PARIBAS FINANCIAL MARKETS 0.00% 226,513 $2.0M
20 MORGAN STANLEY 0.00% 1,045,727 $9.2M
21 GOLDMAN SACHS GROUP INC 0.00% 530,371 $4.7M
22 MILLENNIUM MANAGEMENT LLC 0.00% 136,141 $1.2M
23 EverSource Wealth Advisors, LLC 0.00% 166 $14K
24 Police & Firemen's Retirement System of New Jersey 0.00% 5,590 $49K
25 Ameritas Investment Partners, Inc. 0.00% 1,528 $13K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BARNES & NOBLE ED INC (BNED)

What does the Smart Money Trend signal show for BNED?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their BNED positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BNED?

Slight buying edge — 53% buying: Last quarter: 40 funds bought or added vs 35 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BNED holders?

Strong quality — 20% AUM from major funds: 31 of 81 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BNED?

60% of holders stayed for 2+ years: 49 out of 81 hedge funds have held BNED for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.