Five Below
FIVE
170 hedge funds and large institutions have $2.23B invested in Five Below in 2015 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 80 increasing their positions, 48 reducing their positions, and 35 closing their positions.
177% more call options, than puts
Call options by funds: $41M | Put options by funds: $14.8M
67% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 48
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
9% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 35
2% less funds holding
Funds holding: 174 → 170 (-4)
10% less capital invested
Capital invested by funds: $2.47B → $2.23B (-$241M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$51.1M |
| 2 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$42.2M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$29.9M |
| 4 |
Westfield Capital Management
Boston,
Massachusetts
|
+$23.9M |
| 5 |
Jennison Associates
New York
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$22.4M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$22.2M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$18.7M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$16.3M |
| 5 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$14.8M |
FIVE Hedge Fund Activity: Q3 2015 in Review
170 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q3 2015, worth a combined $2.23B — down 9.8% from $2.47B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of FIVE and 32 opened new positions — a net loss of 3 holders — while 48 trimmed existing stakes and 80 added.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $51.1M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $22.4M sold.
- 170 institutional investors held Five Below (FIVE) as of Q3 2015, down from 174 in Q2 2015.
- Funds reported $2.23B of Five Below stock for Q3 2015, down 9.8% quarter-over-quarter.
- 32 funds opened new Five Below positions in Q3 2015 and 35 closed out, a net change of -3 holders.
- The largest Five Below buyer in Q3 2015 was Wasatch Advisors, an estimated $51.1M added.
- The largest Five Below seller in Q3 2015 was Renaissance Technologies, an estimated $22.4M sold.
Based on aggregated 13F filings for Q3 2015.