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Five Below
FIVE

317 hedge funds and large institutions have $3.94B invested in Five Below in 2017 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 91 increasing their positions, 113 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 29

44% more call options, than puts

Call options by funds: $118M | Put options by funds: $81.7M

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

18% more capital invested

Capital invested by funds: $3.35B → $3.94B (+$589M)

15% more funds holding

Funds holding: 275 → 317 (+42)

4.01% less ownership

Funds ownership: 110.5% → 106.49% (-4%)

19% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 113

Holders
317
Holders Change
+42
Holders Change %
+15.27%
% of All Funds
7.19%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.18%
New
72
Increased
91
Reduced
113
Closed
29
Calls
$118M
Puts
$81.7M
Net Calls
+$36.1M
Net Calls Change
+$7.35M

Top Buyers

1
GGHC
Gilder Gagnon Howe & Co
New York
+$63.4M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$45.8M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$30.1M
4
Millennium Management
Millennium Management
New York
+$26.2M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$19M

Top Sellers

1
TCM
TimesSquare Capital Management
New York
-$41.5M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$35.5M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$35.1M
4
CWAM
Columbia Wanger Asset Management
Illinois
-$28.7M
5
Jennison Associates
Jennison Associates
New York
-$28.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Voloridge Investment Management
76
Voloridge Investment Management
Florida
$7.82M +$7.08M +117,863 New
QC
77
Quadrature Capital
United Kingdom
$7.59M +$6.87M +114,460 New
California Public Employees Retirement System
78
California Public Employees Retirement System
California
$7.38M +$539K +8,972 +9%
Legal & General Group
79
Legal & General Group
United Kingdom
$7.36M +$162K +2,705 +3%
New York State Common Retirement Fund
80
New York State Common Retirement Fund
New York
$7.31M -$2.39M -39,727 -26%
KCM
81
Kornitzer Capital Management
Kansas
$7.28M -$5.87M -97,710 -47%
TA
82
Teachers Advisors
New York
$6.56M +$123K +2,048 +2%
CCM
83
Crestwood Capital Management
New York
$6.45M -$649K -10,800 -10%
Swiss National Bank
84
Swiss National Bank
Switzerland
$6.3M +$204K +3,400 +4%
Royal Bank of Canada
85
Royal Bank of Canada
Ontario, Canada
$6.24M -$425K -7,080 -7%
ASRS
86
Arizona State Retirement System
Arizona
$6.15M +$3.85M +64,176 +224%
EGM
87
Engineers Gate Manager
New York
$5.98M +$5.41M +90,124 New
UBS Group
88
UBS Group
Switzerland
$5.89M +$2.03M +33,786 +61%
Ohio Public Employees Retirement System (OPERS)
89
Ohio Public Employees Retirement System (OPERS)
Ohio
$5.75M -$805K -13,410 -13%
LCM
90
Logan Capital Management
Pennsylvania
$5.67M +$3.63M +60,472 +241%
California State Teachers Retirement System (CalSTRS)
91
California State Teachers Retirement System (CalSTRS)
California
$5.65M -$80.8K -1,345 -2%
Envestnet Asset Management
92
Envestnet Asset Management
Illinois
$5.34M -$279K -4,652 -5%
ERSOT
93
Employees Retirement System of Texas
Texas
$5.24M +$1.74M +29,000 +58%
US Bancorp
94
US Bancorp
Minnesota
$4.95M -$167K -2,786 -4%
DnB Asset Management
95
DnB Asset Management
Norway
$4.78M – – –
Squarepoint
96
Squarepoint
New York
$4.78M +$293K +4,877 +7%
Canada Life
97
Canada Life
Manitoba, Canada
$4.75M -$225K -3,750 -5%
Barclays
98
Barclays
United Kingdom
$4.62M +$3.52M +58,580 +527%
OAM
99
Oppenheimer Asset Management
New York
$4.53M – – –
Arrowstreet Capital
100
Arrowstreet Capital
Massachusetts
$4.52M +$4.09M +68,100 New
2 3
4
5 6

FIVE Hedge Fund Activity: Q4 2017 in Review

317 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2017, worth a combined $3.94B — up 18% from $3.35B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new FIVE positions and 29 closed out — a net gain of 43 holders — while 91 added to existing stakes and 113 trimmed.

The largest buyer was Gilder Gagnon Howe & Co, opening a new position worth an estimated $63.4M. The largest seller was TimesSquare Capital Management, exiting entirely with an estimated $41.5M sold.

  • 317 institutional investors held Five Below (FIVE) as of Q4 2017, up from 275 in Q3 2017.
  • Funds reported $3.94B of Five Below stock for Q4 2017, up 18% quarter-over-quarter.
  • 72 funds opened new Five Below positions in Q4 2017 and 29 closed out, a net change of +43 holders.
  • The largest Five Below buyer in Q4 2017 was Gilder Gagnon Howe & Co, an estimated $63.4M added.
  • The largest Five Below seller in Q4 2017 was TimesSquare Capital Management, an estimated $41.5M sold.

Based on aggregated 13F filings for Q4 2017.