Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SLEEP NUMBER CORP (SNBR)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
1Q ▼
Buyers last Q
36%

Smart Money Signals — SNBR

Based on 125 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SNBR 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 — 79% of 3.0Y peak

79% of all-time peak
125 funds currently hold this stock — 79% of the 3.0-year high of 159 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SNBR is almost the same as a year ago (-1 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴

Heavy selling pressure — only 36% buying

49 buying86 selling
Last quarter: 86 funds sold vs only 49 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 26 → 24 → 33 → 22. 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.
🔒

61% of holders stayed for 2+ years

61% conviction (2yr+) 23% medium 16% new
76 out of 125 hedge funds have held SNBR 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.
💰

Price up while funds trimmed (+8% value, -10% shares)

Value
+8%
Shares
-10%
Last quarter: total value of institutional SNBR holdings rose +8% even though funds reduced share count by 10%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~22 new funds/quarter

27 → 26 → 24 → 33 → 22 new funds/Q
New funds entering each quarter: 26 → 24 → 33 → 22. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 72% of holders stayed 2+ years

72% veterans 10% 1-2yr 18% new
Of 134 current holders: 96 (72%) 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.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
34 of 125 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in SNBR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — SNBR

In 2025 Q4, 49 hedge funds were net buyers of SNBR (22 opened a new position, 27 added to an existing one), while 86 reduced or exited (57 trimmed, 29 sold completely) — a 36% buyer ratio, indicating net institutional distribution. 48% of total institutional value in SNBR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 125.

Hedge Fund Ownership: SNBR

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

Market Analysis: SNBR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SNBR

-- --

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

Is It Too Late to Buy SLEEP NUMBER CORP (SNBR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SNBR has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 49d ago
SNBR
-16.8%
XLY
+5.7%

SNBR outperformed XLY by -22.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 4d ago
SNBR
-37.8%
XLY
-1.4%

Since the filing became public, SNBR outperformed XLY by -36.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

27 top-rated funds 0 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: SNBR
2026 Q1 Stats Unlock in 1 days 130 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 130 137 -5.11%
13F Shares 18M 20M -10.1%
Total Value $153M $142M 8.2%
New Positions 22 33 -11
Increased Positions 39 44 -5
Closed Positions 30 17 +13
Reduced Positions 70 62 +8
Total Calls 5 4 25.0%
Total Puts 5 5 -
PUT/CALL Ratio 1.0 1.25 Neutral

Statistics: SNBR

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Institutional Holders (2026 Q1)

130 + investors

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

QUARTER:
Top 25 institutional holders of SNBR — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 STADIUM CAPITAL MANAGEMENT LLC 11.57% 2,616,459 $4.7M
2 RIHO Partners, LLC 0.70% 130,957 $1.1M
3 Pacific Ridge Capital Partners, LLC 0.69% 1,767,445 $3.2M
4 BRIGHTLIGHT CAPITAL MANAGEMENT LP 0.32% 179,400 $322K
5 Archon Capital Management LLC 0.23% 225,600 $405K
6 SummerHaven Investment Management, LLC 0.08% 70,211 $126K
7 Disciplined Investors, L.L.C. 0.07% 70,024 $126K
8 SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC 0.06% 163,141 $293K
9 Invenomic Capital Management LP 0.04% 449,934 $808K
10 AlphaQuest LLC 0.03% 62,593 $530K
11 IPG Investment Advisors LLC 0.03% 83,056 $149K
12 EverSource Wealth Advisors, LLC 0.02% 20,824 $534K
13 Caitong International Asset Management Co., Ltd 0.01% 44,638 $80K
14 Divisadero Street Capital Management, LP 0.01% 190,473 $342K
15 Jump Financial, LLC 0.01% 441,100 $792K
16 DDFG, Inc 0.00% 12,688 $23K
17 JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% 624,287 $1.1M
18 TWO SIGMA SECURITIES, LLC 0.00% 22,432 $40K
19 CastleKnight Management LP 0.00% 139,222 $250K
20 NINE MASTS CAPITAL Ltd 0.00% 15,135 $27K
21 HighMark Wealth Management LLC 0.00% 5,331 $10K
22 Engineers Gate Manager LP 0.00% 161,571 $290K
23 AXQ CAPITAL, LP 0.00% 14,465 $26K
24 Marks Group Wealth Management, Inc 0.00% 15,000 $27K
25 Graham Capital Management, L.P. 0.00% 57,770 $104K
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 — SLEEP NUMBER CORP (SNBR)

What does the Smart Money Trend signal show for SNBR?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SNBR 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 SNBR?

Heavy selling pressure — only 36% buying: Last quarter: 86 funds sold vs only 49 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for SNBR holders?

Elite ownership — 48% AUM from top-100 funds: 34 of 125 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in SNBR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SNBR?

61% of holders stayed for 2+ years: 76 out of 125 hedge funds have held SNBR 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.

Is it too late to buy SLEEP NUMBER CORP (SNBR) following the 2026 Q1 hedge fund 13F filings?

As of today, SNBR has moved -37.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.4% for the XLY sector ETF — an outperformance of -36.4%. Since the quarter end (March 31, 2026), SNBR has gained -16.8% vs +5.7% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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