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Five Below

496 hedge funds and large institutions have $12.1B invested in Five Below in 2023 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 147 increasing their positions, 207 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 49

16% more capital invested

Capital invested by funds: $10.4B → $12.1B (+$1.69B)

3% more funds holding

Funds holding: 481496 (+15)

7% less call options, than puts

Call options by funds: $174M | Put options by funds: $188M

1.52% less ownership

Funds ownership: 106.95%105.43% (-1.5%)

24% less funds holding in top 10

Funds holding in top 10: 2116 (-5)

29% less repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 207

Holders
496
Holders Change
+15
Holders Change %
+3.12%
% of All Funds
7.9%
Holding in Top 10
16
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-23.81%
% of All Funds
0.25%
New
74
Increased
147
Reduced
207
Closed
49
Calls
$174M
Puts
$188M
Net Calls
-$14M
Net Calls Change
+$45M
Name Holding Trade Value Shares
Change
Change in
Stake
P8IP
276
Pier 88 Investment Partners
California
$882K
Jacobs Levy Equity Management
277
Jacobs Levy Equity Management
New Jersey
$876K +$837K +4,252 New
LI
278
LMCG Investments
Massachusetts
$865K +$19.5K +99 +2%
MSRPS
279
Maryland State Retirement & Pension System
Maryland
$860K
LFAS
280
Level Four Advisory Services
Texas
$830K +$302K +1,532 +61%
PGCM
281
Prescott Group Capital Management
Oklahoma
$824K
ST
282
Somerset Trust
Pennsylvania
$817K +$126K +638 +19%
V
283
Veritable
Delaware
$813K -$43.3K -220 -5%
LCM
284
Legato Capital Management
California
$810K
LIP
285
Lighthouse Investment Partners
Florida
$798K +$763K +3,873 New
VIM
286
Vancity Investment Management
British Columbia, Canada
$779K +$745K +3,783 New
BC
287
Burney Company
Virginia
$766K -$264K -1,338 -26%
Creative Planning
288
Creative Planning
Kansas
$764K +$196K +995 +37%
TRCT
289
Tower Research Capital (TRC)
New York
$749K +$492K +2,498 +220%
Parallax Volatility Advisers
290
Parallax Volatility Advisers
California
$714K +$683K +3,466 New
QCM
291
Qsemble Capital Management
New York
$700K +$670K +3,400 New
CCM
292
Coldstream Capital Management
Washington
$682K -$28.9K -147 -4%
ProShare Advisors
293
ProShare Advisors
Maryland
$681K -$44.1K -224 -6%
AWS
294
Atria Wealth Solutions
New York
$646K -$3.94K -20 -0.6%
Nomura Asset Management
295
Nomura Asset Management
Japan
$644K -$44.7K -227 -7%
Cambridge Investment Research Advisors
296
Cambridge Investment Research Advisors
Iowa
$636K -$185K -940 -23%
KAS
297
Kestra Advisory Services
Texas
$623K -$289K -1,470 -33%
CM
298
Caption Management
Oklahoma
$618K -$618K -3,138 -51%
Pacer Advisors
299
Pacer Advisors
Pennsylvania
$609K -$1.51M -7,685 -72%
AWM
300
Avior Wealth Management
Nebraska
$596K -$153K -775 -21%

FIVE Hedge Fund Activity: Q1 2023 in Review

496 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2023, worth a combined $12.1B — up 16% from $10.4B a quarter earlier.

Buyers outnumbered sellers: 74 funds opened new FIVE positions and 49 closed out — a net gain of 25 holders — while 147 added to existing stakes and 207 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $737M. The largest seller was Fidelity Investments, cutting an estimated $256M.

  • 496 institutional investors held Five Below (FIVE) as of Q1 2023, up from 481 in Q4 2022.
  • Funds reported $12.1B of Five Below stock for Q1 2023, up 16% quarter-over-quarter.
  • 74 funds opened new Five Below positions in Q1 2023 and 49 closed out, a net change of +25 holders.
  • The largest Five Below buyer in Q1 2023 was T. Rowe Price Associates, an estimated $737M added.
  • The largest Five Below seller in Q1 2023 was Fidelity Investments, an estimated $256M sold.

Based on aggregated 13F filings for Q1 2023.