Five Below
FIVE
268 hedge funds and large institutions have $2.79B invested in Five Below in 2017 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 91 increasing their positions, 79 reducing their positions, and 32 closing their positions.
116% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 32
29% more call options, than puts
Call options by funds: $66.7M | Put options by funds: $51.7M
15% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 79
13% more funds holding
Funds holding: 237 → 268 (+31)
4% more capital invested
Capital invested by funds: $2.68B → $2.79B (+$106M)
5.23% less ownership
Funds ownership: 122.35% → 117.13% (-5.2%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$270M |
| 2 |
Lazard Asset Management
New York
|
+$33.3M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
+$28.6M |
| 4 |
Millennium Management
New York
|
+$25.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$88.9M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$38.1M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$28.7M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$27.4M |
| 5 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$24.1M |
FIVE Hedge Fund Activity: Q1 2017 in Review
268 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2017, worth a combined $2.79B — up 3.9% from $2.68B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new FIVE positions and 32 closed out — a net gain of 37 holders — while 91 added to existing stakes and 79 trimmed.
The largest buyer was BlackRock, adding an estimated $270M. The largest seller was VOYA Investment Management, cutting an estimated $88.9M.
- 268 institutional investors held Five Below (FIVE) as of Q1 2017, up from 237 in Q4 2016.
- Funds reported $2.79B of Five Below stock for Q1 2017, up 3.9% quarter-over-quarter.
- 69 funds opened new Five Below positions in Q1 2017 and 32 closed out, a net change of +37 holders.
- The largest Five Below buyer in Q1 2017 was BlackRock, an estimated $270M added.
- The largest Five Below seller in Q1 2017 was VOYA Investment Management, an estimated $88.9M sold.
Based on aggregated 13F filings for Q1 2017.