Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SPORTSMANS WHSE HLDGS INC (SPWH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
3Q ▼
Buyers last Q
55%

Smart Money Signals — SPWH

Based on 62 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their SPWH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 57% of 3.0Y high

57% of all-time peak
Only 62 funds hold SPWH today versus a peak of 109 funds at 2023 Q2 — just 57% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
5 fewer hedge funds hold SPWH compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 55% buying

35 buying29 selling
Last quarter: 35 funds bought or added vs 29 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.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new SPWH position: 25 → 5 → 9 → 15. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 18% medium ■ 21% new
38 out of 62 hedge funds have held SPWH 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.
📊

Peak discovery — momentum slowing

5 → 25 → 5 → 9 → 15 new funds/Q
New funds entering each quarter: 25 → 5 → 9 → 15. SPWH is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 8% 1-2yr ■ 22% new
Of 63 current holders: 44 (70%) 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 — 33% AUM from major funds

33% from top-100 AUM funds
18 of 62 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
1.4
out of 10
Low Exit Risk
Exit risk score 1.4/10 — 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 — SPWH

In 2026 Q1, 35 hedge funds were net buyers of SPWH (15 opened a new position, 20 added to an existing one), while 29 reduced or exited (11 trimmed, 18 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 33% of total institutional value in SPWH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 62.

Hedge Fund Ownership: SPWH

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

Market Analysis: SPWH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPWH

-- --

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

Is It Too Late to Buy SPORTSMANS WHSE HLDGS INC (SPWH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SPWH 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 · 54d ago
SPWH
-8.1%
XLY
+9.4%

SPWH outperformed XLY by -17.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 9d ago
SPWH
-1.5%
XLY
+2.3%

Since the filing became public, SPWH outperformed XLY by -3.8% .

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.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: SPWH
62 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 62 65 -4.62%
13F Shares 23M 26M -9.76%
Total Value $33M $38M -13.21%
New Positions 15 9 +6
Increased Positions 19 18 +1
Closed Positions 18 17 +1
Reduced Positions 11 28 -17
Total Calls 1 2 -50.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.5 Bullish

Statistics: SPWH

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

62 + investors

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

QUARTER:
Top 25 institutional holders of SPWH — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Union Square Park Capital Management, LLC 1.67% 2,378,681 $3.5M
2 Archon Capital Management LLC 1.33% 1,668,905 $2.4M
3 JB CAPITAL PARTNERS LP 0.42% 1,710,794 $2.4M
4 GABELLI & Co INVESTMENT ADVISERS, INC. 0.13% 635,980 $897K
5 Skylands Capital, LLC 0.12% 639,800 $902K
6 Teton Advisors, LLC 0.08% 80,000 $113K
7 Quinn Opportunity Partners LLC 0.04% 573,156 $808K
8 PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. 0.02% 159,119 $224K
9 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% 600,238 $846K
10 Traub Capital Management LLC 0.02% 11,798 $17K
11 R Squared Ltd 0.01% 19,352 $27K
12 STEEL GROVE CAPITAL ADVISORS, LLC 0.01% 100,000 $141K
13 GSA CAPITAL PARTNERS LLP 0.01% 147,166 —
14 GABELLI FUNDS LLC 0.01% 1,199,501 $1.7M
15 GAMCO INVESTORS, INC. ET AL 0.01% 712,500 $1.0M
16 GREENWOOD GEARHART LLC 0.01% 82,682 $117K
17 NewEdge Advisors, LLC 0.01% 120,592 $121K
18 Headlands Technologies LLC 0.00% 12,036 $17K
19 Empowered Funds, LLC 0.00% 203,195 $287K
20 XTX Topco Ltd 0.00% 74,435 $105K
21 SBI Securities Co., Ltd. 0.00% 31,720 $45K
22 TWO SIGMA ADVISERS, LP 0.00% 426,325 $622K
23 RENAISSANCE TECHNOLOGIES LLC 0.00% 484,300 $683K
24 Fragasso Financial Advisors Inc 0.00% 10,000 $13K
25 Centiva Capital, LP 0.00% 73,363 $103K
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 — SPORTSMANS WHSE HLDGS INC (SPWH)

What does the Smart Money Trend signal show for SPWH?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their SPWH 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 SPWH?

Slight buying edge — 55% buying: Last quarter: 35 funds bought or added vs 29 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 SPWH holders?

Strong quality — 33% AUM from major funds: 18 of 62 holders rank in the top 100 by AUM, accounting for 33% 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 SPWH?

61% of holders stayed for 2+ years: 38 out of 62 hedge funds have held SPWH 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 SPORTSMANS WHSE HLDGS INC (SPWH) following the 2026 Q1 hedge fund 13F filings?

As of today, SPWH has moved -1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.3% for the XLY sector ETF — an outperformance of -3.8%. Since the quarter end (March 31, 2026), SPWH has gained -8.1% vs +9.4% 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.

Full history →