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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
State Board of Administration of Florida Retirement System
101
State Board of Administration of Florida Retirement System
Florida
$12.3M -$238K -1,210 -2%
SPC
102
Stony Point Capital
New York
$11.9M -$1.24M -6,292 -10%
US Bancorp
103
US Bancorp
Minnesota
$11.9M -$306K -1,554 -3%
Russell Investments Group
104
Russell Investments Group
United Kingdom
$11.8M -$1.13M -5,743 -9%
UBS Group
105
UBS Group
Switzerland
$11.5M +$1.13M +5,737 +11%
Ohio Public Employees Retirement System (OPERS)
106
Ohio Public Employees Retirement System (OPERS)
Ohio
$11M -$166K -841 -2%
New York State Teachers Retirement System (NYSTRS)
107
New York State Teachers Retirement System (NYSTRS)
New York
$11M +$39.4K +200 +0.4%
DAM
108
Deepwater Asset Management
Minnesota
$10.7M +$870K +4,419 +9%
EA
109
Emerald Advisers
Pennsylvania
$10.5M -$2.68M -13,588 -21%
TPSF
110
Texas Permanent School Fund
Texas
$10.3M +$2.46M +12,468 +33%
State of Wisconsin Investment Board
111
State of Wisconsin Investment Board
Wisconsin
$9.89M -$1.06M -5,379 -10%
TI
112
Trexquant Investment
Connecticut
$9.55M +$9.13M +46,380 New
PC
113
Pier Capital
Connecticut
$9.32M +$3.12M +15,854 +54%
Prudential Financial
114
Prudential Financial
New Jersey
$9.27M +$4.34M +22,026 +96%
M2MC
115
Matthew 25 Management Corp
Pennsylvania
$9.17M
Asset Management One
116
Asset Management One
Japan
$9.09M +$494K +2,506 +6%
CAM
117
Cresset Asset Management
Illinois
$9M -$1.03M -5,249 -11%
Manulife (Manufacturers Life Insurance)
118
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$8.87M -$339K -1,721 -4%
EMFAT
119
Emerald Mutual Fund Advisers Trust
Pennsylvania
$8.71M -$1.93M -9,813 -19%
Barclays
120
Barclays
United Kingdom
$8.64M +$2.33M +11,821 +39%
Canada Life
121
Canada Life
Manitoba, Canada
$8.63M -$67.2K -341 -0.8%
Stifel Financial
122
Stifel Financial
Missouri
$8.46M -$51.4K -261 -0.6%
AB
123
Amalgamated Bank
New York
$8.4M -$833K -4,231 -9%
BRA
124
Bender Robert & Associates
California
$8.2M +$9.45K +48 +0.1%
RA
125
Royce & Associates
New York
$8.01M -$1.22M -6,180 -14%

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.