Five Below
FIVE
499 hedge funds and large institutions have $10.7B invested in Five Below in 2024 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 156 increasing their positions, 195 reducing their positions, and 58 closing their positions.
3% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 58
1% less funds holding
Funds holding: 503 → 499 (-4)
3.72% less ownership
Funds ownership: 110.57% → 106.85% (-3.7%)
16% less call options, than puts
Call options by funds: $216M | Put options by funds: $257M
18% less capital invested
Capital invested by funds: $13B → $10.7B (-$2.3B)
20% less repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 195
27% less funds holding in top 10
Funds holding in top 10: 15 → 11 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$95.5M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$69.2M |
| 3 |
Holocene Advisors
New York
|
+$66.8M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$52.7M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$50.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$161M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$160M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$107M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$69.7M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$54.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
551
Advisornet Financial
Minnetonka,
Minnesota
| – | -$3.62K | -17 | Closed |
|
|
BAM
552
Byrne Asset Management
Kingston,
New Jersey
| – | -$2.98K | -14 | Closed |
|
553
Jones Financial Companies
Des Peres,
Missouri
| – | -$2.77K | -13 | Closed |
|
|
RFG
554
REAP Financial Group
Austin,
Texas
| – | -$1.49K | -7 | Closed |
|
|
AWM
555
Abound Wealth Management
Franklin,
Tennessee
| – | -$1.09K | -5 | Closed |
|
556
First Manhattan
New York
| – | -$852 | -2 | Closed |
|
FIVE Hedge Fund Activity: Q1 2024 in Review
499 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2024, worth a combined $10.7B — down 18% from $13B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new FIVE positions and 58 closed out — a net gain of 2 holders — while 156 added to existing stakes and 195 trimmed.
The largest buyer was Montrusco Bolton Investments, adding an estimated $95.5M. The largest seller was Morgan Stanley, cutting an estimated $161M.
- 499 institutional investors held Five Below (FIVE) as of Q1 2024, down from 503 in Q4 2023.
- Funds reported $10.7B of Five Below stock for Q1 2024, down 18% quarter-over-quarter.
- 60 funds opened new Five Below positions in Q1 2024 and 58 closed out, a net change of +2 holders.
- The largest Five Below buyer in Q1 2024 was Montrusco Bolton Investments, an estimated $95.5M added.
- The largest Five Below seller in Q1 2024 was Morgan Stanley, an estimated $161M sold.
Based on aggregated 13F filings for Q1 2024.