Congress Asset Management Co. Cuts Ollie's Bargain Outlet Holdings Stake

Investment firm reduces position in discount retailer by over 40% in Q4 2025

Mar. 24, 2026 at 8:38am

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Congress Asset Management Co. lowered its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 43.3% in the fourth quarter, according to a recent SEC filing. The fund now owns 879,320 shares of the company's stock, down from 1.55 million 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 heavily discounted prices. The company's stock has been volatile in recent quarters, and this filing indicates that a major institutional investor has reduced its stake, which could signal broader concerns about the company's future performance.

The details

According to the 13F filing, Congress Asset Management Co. sold 670,615 shares of Ollie's Bargain Outlet during the fourth quarter, reducing its position by 43.3%. The investment firm now owns approximately 1.43% of the company's outstanding shares, down from 2.52% previously.

  • Congress Asset Management Co. filed the 13F report on March 24, 2026, disclosing its Q4 2025 holdings.

The players

Congress Asset Management Co.

An investment management firm based in Boston, Massachusetts that oversees over $20 billion in assets.

Ollie's Bargain Outlet Holdings, Inc.

A discount retail chain headquartered in Harrisburg, Pennsylvania that specializes in selling brand-name merchandise at heavily discounted prices.

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The takeaway

This filing suggests that a major institutional investor has lost some confidence in Ollie's Bargain Outlet's future prospects, which could foreshadow broader challenges for the discount retailer. Investors will be closely watching the company's upcoming financial results and guidance to gauge whether this sell-off was warranted.