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Five Below
FIVE

423 hedge funds and large institutions have $6.11B invested in Five Below in 2024 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 139 increasing their positions, 127 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 62

41% more call options, than puts

Call options by funds: $323M | Put options by funds: $228M

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

21% more capital invested

Capital invested by funds: $5.05B → $6.11B (+$1.07B)

5% more funds holding

Funds holding: 402 → 423 (+21)

2.09% more ownership

Funds ownership: 103.82% → 105.92% (+2.1%)

9% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 127

Holders
423
Holders Change
+21
Holders Change %
+5.22%
% of All Funds
5.57%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
89
Increased
139
Reduced
127
Closed
62
Calls
$323M
Puts
$228M
Net Calls
+$94.2M
Net Calls Change
+$45.6M

Top Buyers

1
SCM
Steadfast Capital Management
New York
+$113M
2
Marshall Wace
Marshall Wace
United Kingdom
+$103M
3
Holocene Advisors
Holocene Advisors
New York
+$88.8M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$45M
5
Man Group
Man Group
United Kingdom
+$43.1M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$112M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$70.3M
3
AM
Atreides Management
Massachusetts
-$68.6M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$67.8M
5
Macquarie Group
Macquarie Group
Australia
-$50.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Macquarie Group
426
Macquarie Group
Australia
– -$50.3M -569,207 Closed
SAM
427
Scopus Asset Management
New York
– -$47.5M -537,342 Closed
MGCM
428
Mane Global Capital Management
New York
– -$23.3M -264,029 Closed
SIM
429
SRS Investment Management
New York
– -$13.1M -148,377 Closed
FAM
430
Fred Alger Management
New York
– -$5.18M -58,673 Closed
TCG
431
Tremblant Capital Group
Florida
– -$4.12M -46,674 Closed
BGIM
432
Brandywine Global Investment Management
Pennsylvania
– -$3.92M -43,339 Closed
ECM
433
Empirical Capital Management
Tennessee
– -$2.65M -30,000 Closed
Hudson Bay Capital Management
434
Hudson Bay Capital Management
Connecticut
– -$2.63M -29,767 Closed
CCS
435
Concentric Capital Strategies
Connecticut
– -$2.39M -27,102 Closed
BHCM
436
Brevan Howard Capital Management
Jersey
– -$2.28M -25,830 Closed
XT
437
XTX Topco
Cayman Islands
– -$1.93M -21,836 Closed
IAIM
438
International Assets Investment Management
Florida
– -$191 -16,875 Closed
CAM
439
CenterStar Asset Management
Illinois
– -$1.34M -15,130 Closed
WS
440
Wedbush Securities
California
– -$865K -9,792 Closed
SC
441
Scotia Capital
Ontario, Canada
– -$746K -8,448 Closed
PWS
442
Peloton Wealth Strategists
Indiana
– -$647K -7,320 Closed
AAM
443
Azzad Asset Management
Virginia
– -$567K -6,420 Closed
NYLIM
444
New York Life Investment Management
New York
– -$556K -6,288 Closed
FFP
445
FourThought Financial Partners
Florida
– -$526K -5,957 Closed
Polen Capital Management
446
Polen Capital Management
Florida
– -$442K -5,004 Closed
LCM
447
Legato Capital Management
California
– -$435K -4,920 Closed
SM
448
Sciencast Management
New Jersey
– -$394K -4,457 Closed
CIBC World Market
449
CIBC World Market
Ontario, Canada
– -$389K -4,398 Closed
SEC
450
Seven Eight Capital
New York
– -$370K -4,185 Closed
16 17
18
19 20

FIVE Hedge Fund Activity: Q4 2024 in Review

423 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2024, worth a combined $6.11B — up 21% from $5.05B a quarter earlier.

Buyers outnumbered sellers: 89 funds opened new FIVE positions and 62 closed out — a net gain of 27 holders — while 139 added to existing stakes and 127 trimmed.

The largest buyer was Steadfast Capital Management, opening a new position worth an estimated $113M. The largest seller was T. Rowe Price Associates, cutting an estimated $112M.

  • 423 institutional investors held Five Below (FIVE) as of Q4 2024, up from 402 in Q3 2024.
  • Funds reported $6.11B of Five Below stock for Q4 2024, up 21% quarter-over-quarter.
  • 89 funds opened new Five Below positions in Q4 2024 and 62 closed out, a net change of +27 holders.
  • The largest Five Below buyer in Q4 2024 was Steadfast Capital Management, an estimated $113M added.
  • The largest Five Below seller in Q4 2024 was T. Rowe Price Associates, an estimated $112M sold.

Based on aggregated 13F filings for Q4 2024.