SLEEP NUMBER CORP SNBRQ
COM · Common Stock · CUSIP 83125X103
U.S. manufacturing company
- SectorConsumer discretionary
- IndustryHousehold Furniture
- HeadquartersMinneapolis, MN
- Founded1987
- Websitesleepnumber.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. Holder counts are more reliable. Shares outstanding: 23.0m as of 2026-04-04, 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 ≈ $0.02. Options: 2 managers hold calls ($13.0k notional), 2 hold puts ($503).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 189 |
| Q4 2022 | 174 |
| Q1 2023 | 167 |
| Q2 2023 | 164 |
| Q3 2023 | 151 |
| Q4 2023 | 134 |
| Q1 2024 | 126 |
| Q2 2024 | 132 |
| Q3 2024 | 118 |
| Q4 2024 | 123 |
| Q1 2025 | 119 |
| Q2 2025 | 119 |
| Q3 2025 | 134 |
| Q4 2025 | 127 |
| Q1 2026 | 120 |
| Q2 2026 | 6 |
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 2024 | 52 | 67 |
| Q4 2024 | 63 | 52 |
| Q1 2025 | 61 | 65 |
| Q2 2025 | 71 | 50 |
| Q3 2025 | 68 | 61 |
| Q4 2025 | 41 | 82 |
| Q1 2026 | 64 | 63 |
| Q2 2026 | 3 | 113 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.0m | $1.6m | 0.77 |
| Q4 2025 | $2.5m | $1.7m | 0.69 |
| Q1 2026 | $285.2k | $397.9k | 1.40 |
| Q2 2026 | $13.0k | $503 | 0.04 |
Biggest buyers
| JANE STREET GROUP, LLC | Added | +183.4k |
| SIMPLEX TRADING, LLC | New | +15.0k |
| IFP Advisors, Inc | Added | +36 |
Biggest sellers
| STADIUM CAPITAL MANAGEMENT LLC | Sold out | -2.6m |
| Pacific Ridge Capital Partners, LLC | Sold out | -1.8m |
| BlackRock, Inc. | Sold out | -1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Sold out | -1.2m |
| VANGUARD CAPITAL MANAGEMENT LLC | Sold out | -920.1k |
| MARSHALL WACE, LLP | Sold out | -806.4k |
| BANK OF AMERICA CORP /DE/ | Sold out | -745.5k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -743.2k |
| GOLDMAN SACHS GROUP INC | Sold out | -695.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -624.3k |
Biggest calls
| SIMPLEX TRADING, LLC | Added | $8.1k336.6k shares |
| JANE STREET GROUP, LLC | New | $4.9k210.1k shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $48420.6k shares |
| SIMPLEX TRADING, LLC | Added | $19800 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: AQR CAPITAL MANAGEMENT LLC (2.4%, 2026-08-11), JANE STREET GROUP, LLC (2.0%, 2026-08-10), BlackRock, Inc. (0.0%, 2026-07-08), Pacific Ridge Capital Partners, LLC (0.0%, 2026-06-24), STADIUM CAPITAL MANAGEMENT LLC (4.1%, 2026-06-01), FMR LLC (0.5%, 2026-05-06), M Partners Fund LP (0.0%, 2026-03-27), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 3 | $877.4k | 0 | — | — |
| Q3 2025 | 1 | $102.2k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 4 | $6.6k | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-22 | HOWARD JULIE Director | Sold | $1.4k10.6k shares |
| 2026-06-18 | Hellfeld Samuel R EVP Chief Legal & Risk Officer · by 401k | Sold | $2.5k8.0k shares |
| 2026-06-18 | MENDEZ ANGEL L Director | Sold | $6643.0k shares |
| 2026-06-12 | Krusmark Christopher D EVP, Retail & People Officer · by 401(k) | Sold | $2.1k3.1k shares |
| 2026-05-28 | STADIUM CAPITAL MANAGEMENT LLC +1 10% owner · By: Stadium Capital Partners, L.P. | Sold | $588.7k330.7k shares |
| 2026-05-28 | STADIUM CAPITAL MANAGEMENT LLC +1 10% owner · By: Stadium Special Opportunity I, L.P. | Sold | $106.7k59.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| JANE STREET GROUP, LLC 0.00% of their portfolio | 241.9k $5.7k | Added +183.4k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 15.0k $360 | New |
| BARCLAYS PLC 0.00% of their portfolio | 431 $10 | Reduced -3.4k |
| Crews Bank & Trust 0.00% of their portfolio | 300 $7 | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 47 $1 | Added +36 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 10 $0 | Unchanged |