Fred Alger Management Reduces Stake in Ollie's Bargain Outlet

Institutional investor cuts holdings in discount retailer by over 50%

Mar. 16, 2026 at 10:18am

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Fred Alger Management LLC, an investment management firm, reduced its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 53.9% during the third quarter, according to a recent SEC filing. The firm now owns 245,933 shares of the company's stock, down from 533,251 shares previously.

Why it matters

Ollie's Bargain Outlet is a popular discount retail chain known for its wide selection of brand-name merchandise at deeply discounted prices. The reduction in holdings by a major institutional investor like Fred Alger Management could signal a shift in sentiment around the company's growth prospects.

The details

According to the filing, Fred Alger Management sold 287,318 shares of Ollie's Bargain Outlet during the third quarter, leaving the firm with a 0.40% stake in the company valued at $31.6 million. The discount retailer has been expanding rapidly, opening 86 new stores last year, but some analysts have expressed caution about the company's near-term upside potential despite its long-term growth story.

  • Fred Alger Management reduced its Ollie's Bargain Outlet stake in the third quarter of 2026.

The players

Fred Alger Management LLC

An American investment management firm that previously held a significant stake in Ollie's Bargain Outlet.

Ollie's Bargain Outlet Holdings, Inc.

A discount retail chain known for selling brand-name merchandise at deeply discounted prices.

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The takeaway

The reduction in holdings by Fred Alger Management, a major institutional investor, suggests there may be some uncertainty around Ollie's Bargain Outlet's near-term growth prospects despite the company's aggressive expansion plans. This could signal a shift in sentiment that investors will want to monitor going forward.