SALLY BEAUTY HLDGS INC SBH
COM · Common Stock · CUSIP 79546E104
American professional beauty supplies retailer and distributor
- SectorConsumer discretionary
- IndustryRetail-Retail Stores, NEC
- HeadquartersPlano, TX
- Founded1964
- Websitesallybeauty.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.6m this quarter). Holder counts are more reliable. Shares outstanding: 98.9m as of 2025-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $9.25. Options: 6 managers hold calls ($413.5k notional), 9 hold puts ($7.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 204 |
| Q4 2022 | 215 |
| Q1 2023 | 218 |
| Q2 2023 | 197 |
| Q3 2023 | 209 |
| Q4 2023 | 206 |
| Q1 2024 | 230 |
| Q2 2024 | 241 |
| Q3 2024 | 243 |
| Q4 2024 | 250 |
| Q1 2025 | 246 |
| Q2 2025 | 236 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 100 | 97 |
| Q4 2023 | 101 | 114 |
| Q1 2024 | 104 | 94 |
| Q2 2024 | 119 | 107 |
| Q3 2024 | 109 | 129 |
| Q4 2024 | 133 | 98 |
| Q1 2025 | 130 | 109 |
| Q2 2025 | 115 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $2.1m | $2.1m | 0.96 |
| Q4 2024 | $843.5k | $1.1m | 1.27 |
| Q1 2025 | $225.9k | $7.3m | 32.17 |
| Q2 2025 | $413.5k | $7.9m | 19.05 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.2m |
| UBS Group AG | Added | +907.5k |
| Ranmore Fund Management Ltd | Added | +776.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +626.3k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +583.4k |
| CSM Advisors, LLC | New | +469.1k |
| Lightrock Netherlands B.V. | Added | +463.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +373.5k |
| Invesco Ltd. | Added | +319.0k |
| Verition Fund Management LLC | Added | +227.2k |
Biggest sellers
| BlackRock, Inc. | Reduced | -3.5m |
| SG Capital Management LLC | Sold out | -1.1m |
| MORGAN STANLEY | Reduced | -926.5k |
| CenterBook Partners LP | Reduced | -718.0k |
| CITADEL ADVISORS LLC | Sold out | -704.8k |
| Nuveen, LLC | Reduced | -675.3k |
| ArrowMark Colorado Holdings LLC | Reduced | -543.8k |
| VANGUARD GROUP INC | Reduced | -539.8k |
| Woodline Partners LP | Sold out | -525.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -453.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $270.4k29.2k shares |
| GROUP ONE TRADING LLC | Added | $88.0k9.5k shares |
| SIMPLEX TRADING, LLC | Added | $45.0k4.9k shares |
| PEAK6 LLC | New | $5.6k600 shares |
| Walleye Trading LLC | Reduced | $4.6k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $4.0m429.5k shares |
| Walleye Trading LLC | Added | $1.1m115.1k shares |
| JANE STREET GROUP, LLC | Added | $806.5k87.1k shares |
| PEAK6 LLC | New | $740.8k80.0k shares |
| GROUP ONE TRADING LLC | Added | $560.2k60.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $331.0k35.8k shares |
| SIG BROKERAGE, LP | Unchanged | $231.5k25.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $165.8k17.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-30 | 15.2% |
| SCHRODER INVESTMENT MANAGEMENT GROUP 13G · institution +4.7 pts · filed 2026-02-13 | 8.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.6% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution +1.1 pts · filed 2026-10-08 | 6.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $45.2k | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $129.5k | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 2 | $258.1k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 15.4m $142.5m | Reduced -3.5m |
| VANGUARD GROUP INC 0.00% of their portfolio | 12.4m $115.2m | Reduced -539.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 5.4m $50.4m | Added +626.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 4.6m $42.6m | Added +583.4k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 4.5m $42.1m | Reduced -240.3k |
| STATE STREET CORP 0.00% of their portfolio | 4.3m $39.9m | Reduced -157.5k |
| FMR LLC 0.00% of their portfolio | 3.5m $32.2m | Added +133.6k |
| ArrowMark Colorado Holdings LLC 0.53% of their portfolio | 3.2m $29.7m | Reduced -543.8k |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 3.1m $28.9m | Added +40.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 2.7m $25.2m | Reduced -146.7k |
| UBS Group AG 0.00% of their portfolio | 2.6m $23.7m | Added +907.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $23.7m | Added +34.3k |
| Ranmore Fund Management Ltd 8.11% of their portfolio | 2.2m $20.3m | Added +776.0k |
| Polaris Capital Management, LLC 1.30% of their portfolio | 2.1m $19.6m | Reduced -141.5k |
| Lightrock Netherlands B.V. 4.22% of their portfolio | 1.9m $15.3m | Added +463.9k |
| JUPITER ASSET MANAGEMENT LTD 0.14% of their portfolio | 1.9m $17.4m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 1.8m $16.6m | Added +319.0k |
| Invenomic Capital Management LP 0.89% of their portfolio | 1.7m $15.6m | Reduced -204.3k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.6m $14.9m | Reduced -130.2k |
| Bronte Capital Management Pty Ltd. 1.05% of their portfolio | 1.3m $13.4m | Added +159.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.2m $11.3m | Added +1.2m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 1.2m $11.1m | Reduced -130.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.25% of their portfolio | 1.1m $10.6m | Added +14.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $10.3m | Reduced -180.6k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $10.0m | Reduced -926.5k |
| GAMCO INVESTORS, INC. ET AL 0.08% of their portfolio | 894.2k $8.3m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 785.2k $7.3m | Reduced -13.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 751.0k $7.0m | Reduced -118.6k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 732.1k $6.8m | Reduced -177.1k |
| Trexquant Investment LP 0.07% of their portfolio | 689.9k $6.4m | Reduced -264.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 633.4k $5.9m | Reduced -453.9k |
| BARCLAYS PLC 0.00% of their portfolio | 624.0k $5.8m | Reduced -10.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 605.2k $5.6m | Added +373.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 602.6k $5.6m | Added +12.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 600.4k $5.6m | Added +40.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 590.8k $5.5m | Reduced -21.1k |
| Access Investment Management LLC 1.48% of their portfolio | 562.3k $5.2m | First filing |
| GABELLI FUNDS LLC 0.03% of their portfolio | 524.5k $4.9m | Reduced -26.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 509.2k $4.7m | Added +146.5k |
| Hillsdale Investment Management Inc. 0.16% of their portfolio | 482.6k $4.5m | Added +166.9k |
| CSM Advisors, LLC 0.13% of their portfolio | 469.1k $4.3m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 466.9k $4.3m | Added +52.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 428.7k $4.0m | Added +103.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 422.1k $3.8m | Reduced -54.9k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 397.7k $3.7m | Unchanged |
| CastleKnight Management LP 0.23% of their portfolio | 382.2k $3.5m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 380.6k $3.5m | Reduced -24.1k |
| Empowered Funds, LLC 0.04% of their portfolio | 374.0k $3.5m | Added +14.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 364.5k $3.4m | Added +157.1k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 344.0k $3.2m | Added +20.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 310.5k $2.9m | Reduced -170.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 304.5k $2.8m | Added +2.5k |
| Legal & General Group Plc 0.00% of their portfolio | 298.3k $2.8m | Added +9.5k |
| Acuitas Investments, LLC 2.11% of their portfolio | 286.6k $2.7m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 277.0k $2.6m | Reduced -675.3k |
| Verition Fund Management LLC 0.01% of their portfolio | 256.4k $2.4m | Added +227.2k |
| GREAT LAKES ADVISORS, LLC 0.02% of their portfolio | 253.9k $2.4m | Reduced -411.8k |
| CenterBook Partners LP 0.13% of their portfolio | 243.2k $2.3m | Reduced -718.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 241.2k $2.2m | Reduced -16.4k |
| Profit Investment Management, LLC 1.96% of their portfolio | 234.5k $2.2m | Added +20.8k |
| Swiss National Bank 0.00% of their portfolio | 194.7k $1.8m | Reduced -3.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 193.2k $1.8m | Added +53.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 192.4k $1.8m | Added +16.3k |
| SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio | 192.2k $1.8m | New |
| AXA S.A. 0.01% of their portfolio | 191.6k $1.8m | Reduced -11.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 177.3k $1.6m | Added +54.7k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 174.2k $1.6m | New |
| Gotham Asset Management, LLC 0.01% of their portfolio | 167.3k $1.5m | Added +71.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 141.1k $1.3m | New |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 131.5k $1.2m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 127.2k $1.2m | Reduced -54.0k |
| EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio | 122.4k $1.1m | Added +7.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 122.1k $1.1m | Added +73.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 118.3k $1.1m | Reduced -4.9k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 118.2k $1.1m | Added +6.3k |
| CITIGROUP INC 0.00% of their portfolio | 114.8k $1.1m | Reduced -63.6k |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 108.8k $1.0m | Added +69.2k |
| HRT FINANCIAL LP 0.01% of their portfolio | 106.4k $985.0k | Added +39.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 99.3k $919.5k | Added +7.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 96.5k $893.4k | Added +31.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 94.9k $878.4k | Reduced -1.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 91.2k $845.0k | Added +6.7k |
| AUXIER ASSET MANAGEMENT LLC 0.12% of their portfolio | 88.4k $818.7k | Reduced -350 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 86.1k $797.1k | Reduced -43.8k |
| WINTON GROUP Ltd 0.04% of their portfolio | 78.8k $729.5k | New |
| OPTIMIZE FINANCIAL INC. 0.44% of their portfolio | 78.3k $725.0k | Reduced -562 |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 77.6k $719.0k | New |
| SummerHaven Investment Management, LLC 0.45% of their portfolio | 74.4k $689.2k | Added +1.7k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 74.2k $687.0k | Reduced -698 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 72.9k $675.4k | Added +3.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 72.0k $666.4k | Reduced -13.5k |
| State of Wyoming 0.08% of their portfolio | 71.7k $664.3k | Added +4.6k |
| BAILARD, INC. 0.01% of their portfolio | 69.4k $642.6k | Reduced -5.9k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 65.0k $602.0k | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 62.5k $578.5k | Reduced -27.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 61.5k $569.9k | Unchanged |
| DARK FOREST CAPITAL MANAGEMENT LP 0.02% of their portfolio | 61.0k $565.0k | Added +20.0k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 60.0k $555.0k | Added +3.5k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 58.8k $543.0k | Reduced -154.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 57.6k $529.6k | Added +6.0k |