Gotham Asset Management Boosts Stake in Dillard's

Hedge fund increases holdings in retail chain by over 50% in Q3

Mar. 16, 2026 at 10:39am

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Gotham Asset Management LLC, a prominent hedge fund, has increased its stake in Dillard's, Inc. (NYSE:DDS) by 52.8% during the third quarter of 2025, according to a recent 13F filing with the SEC. The fund now owns 66,519 shares of the retail company's stock, worth approximately $40.9 million.

Why it matters

Dillard's, a major department store chain, has seen its stock price fluctuate over the past year as the retail industry navigates shifting consumer trends and the ongoing impact of the pandemic. Gotham Asset Management's increased investment in the company suggests the hedge fund sees potential upside in Dillard's despite the challenges facing the sector.

The details

According to the 13F filing, Gotham Asset Management acquired an additional 22,991 shares of Dillard's during the third quarter, bringing its total stake to 66,519 shares. This represents approximately 0.43% of the company's outstanding stock. The hedge fund's increased investment in Dillard's comes as the retailer has reported mixed financial results, with stronger-than-expected earnings in its most recent quarter offset by a decline in revenue.

  • Gotham Asset Management increased its stake in Dillard's during the third quarter of 2025.

The players

Gotham Asset Management LLC

A prominent hedge fund that has increased its investment in Dillard's, Inc.

Dillard's, Inc.

A major U.S. department store chain with approximately 280 stores across 29 states.

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The takeaway

Gotham Asset Management's increased stake in Dillard's suggests the hedge fund sees value in the retailer despite the challenges facing the industry. This move highlights the ongoing volatility and shifting dynamics in the retail sector as companies navigate changing consumer preferences and the lingering effects of the pandemic.