Aquatic Capital Management Reduces Stake in RH

Hedge fund cuts position in luxury home furnishings retailer by 45.1% in Q3

Mar. 16, 2026 at 7:23am

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Aquatic Capital Management LLC reduced its stake in RH (NYSE:RH) by 45.1% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 42,018 shares of the company's stock, down from 76,485 shares previously.

Why it matters

RH, formerly known as Restoration Hardware, is a high-end home furnishings retailer that has seen its stock price fluctuate significantly in recent quarters amid shifting consumer trends and macroeconomic conditions. Aquatic Capital's reduced position could signal broader investor concerns about the company's outlook.

The details

According to the 13F filing, Aquatic Capital Management sold 34,467 shares of RH stock during the third quarter. The firm now owns approximately 0.22% of RH, valued at $8.5 million. The move comes as RH has faced challenges, including a recent earnings miss and concerns over its high debt levels and negative return on equity.

  • Aquatic Capital Management reduced its RH stake in the third quarter of 2026.

The players

Aquatic Capital Management LLC

A hedge fund that has reduced its position in luxury home goods retailer RH.

RH

A high-end home furnishings retailer formerly known as Restoration Hardware.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Aquatic Capital's reduced stake in RH could signal broader investor concerns about the company's outlook, as it has faced challenges like an earnings miss and high debt levels. This highlights the volatility and risks in the luxury home goods sector.