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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
ClearBridge Investments
26
ClearBridge Investments
New York
$94.5M -$1.07M -5,433 -1%
EAM
27
Eagle Asset Management
Florida
$93.9M +$64M +324,891 +248%
Franklin Resources
28
Franklin Resources
California
$90.5M -$1.07M -5,434 -1%
1832 Asset Management
29
1832 Asset Management
Ontario, Canada
$88.7M -$26.3M -133,767 -24%
Squarepoint
30
Squarepoint
New York
$88.5M +$27.8M +140,975 +49%
Goldman Sachs
31
Goldman Sachs
New York
$86.3M -$25.5M -129,335 -24%
Invesco
32
Invesco
Georgia
$84.6M +$50.5M +256,183 +166%
Norges Bank
33
Norges Bank
Norway
$81.7M +$21.7M +110,125 +38%
Dimensional Fund Advisors
34
Dimensional Fund Advisors
Texas
$81.7M +$511K +2,595 +0.7%
Charles Schwab
35
Charles Schwab
California
$81M +$853K +4,329 +1%
Baird Financial Group
36
Baird Financial Group
Wisconsin
$79.1M +$736K +3,736 +1%
Westfield Capital Management
37
Westfield Capital Management
Massachusetts
$73.8M -$18M -91,510 -20%
Bank of America
38
Bank of America
North Carolina
$73.4M +$10.5M +53,334 +18%
Qube Research & Technologies (QRT)
39
Qube Research & Technologies (QRT)
United Kingdom
$63.8M +$14.4M +73,309 +31%
Principal Financial Group
40
Principal Financial Group
Iowa
$61.9M -$1.83M -9,267 -3%
Holocene Advisors
41
Holocene Advisors
New York
$60M +$39.1M +198,627 +215%
N
42
Nuveen
North Carolina
$59.1M -$3.72M -18,905 -6%
SCM
43
Spyglass Capital Management
California
$57M -$9.22M -46,821 -14%
AI
44
Advent International
Massachusetts
$56.3M -$3.85M -19,536 -7%
SIMG
45
Stephens Investment Management Group
Texas
$55.9M +$146K +740 +0.3%
Fidelity International
46
Fidelity International
Bermuda
$53M -$79.3M -402,593 -61%
TCG
47
Tremblant Capital Group
Florida
$47.2M -$25.3M -128,394 -36%
Man Group
48
Man Group
United Kingdom
$46.5M -$35.8M -181,875 Closed
Thrivent Financial for Lutherans
49
Thrivent Financial for Lutherans
Minnesota
$46.2M +$538K +2,734 +1%
Loomis, Sayles & Company
50
Loomis, Sayles & Company
Massachusetts
$43.3M -$160K -812 -0.4%

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.