Five Below
FIVE
150 hedge funds and large institutions have $2.55B invested in Five Below in 2014 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 67 increasing their positions, 38 reducing their positions, and 39 closing their positions.
76% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 38
5% more capital invested
Capital invested by funds: $2.43B → $2.55B (+$122M)
6% more call options, than puts
Call options by funds: $34.9M | Put options by funds: $33M
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 159 → 150 (-9)
18% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$71.2M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$56.6M |
| 3 |
Goldman Sachs
New York
|
+$46.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$40.5M |
| 5 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$34.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$135M |
| 2 |
CCI
Columbus Circle Investors
|
-$36.4M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$26.2M |
| 4 |
O
OppenheimerFunds
New York
|
-$17.5M |
| 5 |
FA
Friess Associates
Greenville,
Delaware
|
-$13.8M |
FIVE Hedge Fund Activity: Q1 2014 in Review
150 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2014, worth a combined $2.55B — up 5% from $2.43B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of FIVE and 32 opened new positions — a net loss of 7 holders — while 38 trimmed existing stakes and 67 added.
The largest buyer was Wells Fargo, adding an estimated $71.2M. The largest seller was Fidelity Investments, cutting an estimated $135M.
- 150 institutional investors held Five Below (FIVE) as of Q1 2014, down from 159 in Q4 2013.
- Funds reported $2.55B of Five Below stock for Q1 2014, up 5% quarter-over-quarter.
- 32 funds opened new Five Below positions in Q1 2014 and 39 closed out, a net change of -7 holders.
- The largest Five Below buyer in Q1 2014 was Wells Fargo, an estimated $71.2M added.
- The largest Five Below seller in Q1 2014 was Fidelity Investments, an estimated $135M sold.
Based on aggregated 13F filings for Q1 2014.