SCHEDULE: Thrivent Financial Discloses 5.7% Stake in Build-A-Bear
Beneficial Ownership Report
Thrivent Financial for Lutherans has disclosed a 5.7% beneficial ownership stake in Build-A-Bear Workshop Inc., totaling 752,320 common shares.
Summary
- Thrivent Financial for Lutherans reported beneficial ownership of 752,320 common shares of Build-A-Bear Workshop Inc.
- This ownership represents 5.7% of Build-A-Bear Workshop Inc.'s outstanding common stock.
- The percentage calculation is based on 13,208,592 common stock shares outstanding as of June 9, 2025, as reported in Build-A-Bear's Quarterly Report on Form 10-Q for the quarter ending May 3, 2025.
- Thrivent Financial for Lutherans holds sole voting and dispositive power over 2,672 shares, for which it disclaims beneficial ownership as they are held in the Thrivent Financial Defined Benefit Plan Trust.
- Shared voting and dispositive power is held over 749,648 shares, comprising 174,504 shares managed by Thrivent Financial for Lutherans as an investment adviser and 575,144 shares managed by Thrivent Asset Management, LLC, a wholly-owned subsidiary, as an investment adviser for registered investment companies.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of an ownership stake, which is neutral in itself. The presence of a significant institutional investor can be seen as a positive signal, but the document does not contain performance or strategic information to warrant a higher score.
Positives
- A significant institutional investor, Thrivent Financial for Lutherans, has taken a 5.7% stake, indicating confidence in Build-A-Bear Workshop Inc.
Future Outlook
NA
Industry Context
This filing indicates an institutional investor's position in the retail and entertainment sector, specifically within the specialty toy and experience-based retail market. Such disclosures are common as large investors cross beneficial ownership thresholds.
Stakeholder Impact
- Shareholders may view the significant stake by an institutional investor as a positive signal of confidence in the company's long-term prospects.
Key Dates
| Date | Description |
|---|---|
| 2025-05-03 | End of quarter for Build-A-Bear Workshop Inc.'s Form 10-Q, which provided shares outstanding data. |
| 2025-06-09 | Date as of which Build-A-Bear Workshop Inc. had 13,208,592 common stock shares outstanding. |
| 2025-06-12 | Date Build-A-Bear Workshop Inc. filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission. |
| 2025-06-30 | Date of event which required the filing of this Schedule 13G. |
| 2025-08-15 | Date the Schedule 13G was signed by Thrivent Financial for Lutherans. |
Keywords
Build-A-Bear Workshop, Thrivent Financial, BABW, Common Stock, Institutional Ownership, SEC Filing, Schedule 13G, Investment Adviser, Beneficial Ownership
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