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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
Nordea Investment Management
126
Nordea Investment Management
Sweden
$2.44M -$348K -5,800 -14%
NI
127
Numeric Investors
Massachusetts
$2.44M -$5.78M -96,300 -72%
Citigroup
128
Citigroup
New York
$2.42M +$738K +12,294 +51%
State Board of Administration of Florida Retirement System
129
State Board of Administration of Florida Retirement System
Florida
$2.41M – – –
LPL Financial
130
LPL Financial
California
$2.33M +$1.56M +25,922 +284%
UBS AM
131
UBS AM
Illinois
$2.32M +$107K +1,784 +5%
Public Sector Pension Investment Board (PSP Investments)
132
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.31M – – –
EIM
133
Essex Investment Management
Massachusetts
$2.28M -$28.6K -477 -1%
VOYA Investment Management
134
VOYA Investment Management
Georgia
$2.14M +$416K +6,920 +27%
Bank of Montreal
135
Bank of Montreal
Ontario, Canada
$2.13M -$148K -2,469 -7%
New York State Teachers Retirement System (NYSTRS)
136
New York State Teachers Retirement System (NYSTRS)
New York
$2.04M – – –
Luther King Capital Management (LKCM)
137
Luther King Capital Management (LKCM)
Texas
$2M – – –
BC
138
Brinker Capital
Pennsylvania
$1.81M +$365K +6,071 +29%
MIM
139
MetLife Investment Management
New Jersey
$1.61M +$1.46M +24,317 New
FNBOO
140
First National Bank of Omaha
Nebraska
$1.6M +$85.6K +1,425 +6%
BNP Paribas Financial Markets
141
BNP Paribas Financial Markets
France
$1.59M -$297K -4,944 -17%
LSERS
142
Louisiana State Employees Retirement System
Louisiana
$1.57M +$78.1K +1,300 +6%
CIBC Private Wealth Group
143
CIBC Private Wealth Group
Georgia
$1.54M +$34.2K +569 +3%
MERSOM
144
Municipal Employees' Retirement System of Michigan
Michigan
$1.39M +$6.61K +110 +0.5%
RJFSA
145
Raymond James Financial Services Advisors
Florida
$1.37M +$178K +2,957 +17%
CONA
146
Capital One National Association
New York
$1.29M +$1.17M +19,471 New
I
147
IberiaBank
Louisiana
$1.29M -$15.9K -264 -1%
PI
148
PineBridge Investments
New York
$1.25M +$721K +12,008 +175%
AW
149
ACG Wealth
Georgia
$1.25M +$1.13M +18,800 New
ECM
150
ETrade Capital Management
Virginia
$1.24M +$111K +1,852 +11%
4 5
6
7 8

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.