Five Below
FIVE
411 hedge funds and large institutions have $7B invested in Five Below in 2018 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 117 increasing their positions, 174 reducing their positions, and 33 closing their positions.
148% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 33
44% more funds holding in top 10
Funds holding in top 10: 9 → 13 (+4)
25% more capital invested
Capital invested by funds: $5.59B → $7B (+$1.41B)
12% more funds holding
Funds holding: 367 → 411 (+44)
9% less call options, than puts
Call options by funds: $81.6M | Put options by funds: $89.5M
5.95% less ownership
Funds ownership: 102.54% → 96.6% (-5.9%)
33% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 174
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$36.8M |
| 2 |
BlackRock
New York
|
+$35.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$29.1M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$27.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$74.4M |
| 2 |
Jennison Associates
New York
|
-$71.1M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$49.8M |
| 4 |
Renaissance Technologies
New York
|
-$45.2M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$43.9M |
FIVE Hedge Fund Activity: Q3 2018 in Review
411 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q3 2018, worth a combined $7B — up 25% from $5.59B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new FIVE positions and 33 closed out — a net gain of 49 holders — while 117 added to existing stakes and 174 trimmed.
The largest buyer was American Century Companies, opening a new position worth an estimated $36.8M. The largest seller was Riverbridge Partners, cutting an estimated $74.4M.
- 411 institutional investors held Five Below (FIVE) as of Q3 2018, up from 367 in Q2 2018.
- Funds reported $7B of Five Below stock for Q3 2018, up 25% quarter-over-quarter.
- 82 funds opened new Five Below positions in Q3 2018 and 33 closed out, a net change of +49 holders.
- The largest Five Below buyer in Q3 2018 was American Century Companies, an estimated $36.8M added.
- The largest Five Below seller in Q3 2018 was Riverbridge Partners, an estimated $74.4M sold.
Based on aggregated 13F filings for Q3 2018.