Five Below
FIVE
481 hedge funds and large institutions have $10.4B invested in Five Below in 2022 Q4 according to their latest regulatory filings, with 103 funds opening new positions, 167 increasing their positions, 155 reducing their positions, and 42 closing their positions.
145% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 42
26% more capital invested
Capital invested by funds: $8.28B → $10.4B (+$2.14B)
13% more funds holding
Funds holding: 425 → 481 (+56)
11% more funds holding in top 10
Funds holding in top 10: 19 → 21 (+2)
8% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 155
1.44% less ownership
Funds ownership: 108.39% → 106.95% (-1.4%)
19% less call options, than puts
Call options by funds: $256M | Put options by funds: $315M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$88.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$51.7M |
| 3 |
Morgan Stanley
New York
|
+$45.1M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$40.7M |
| 5 |
Squarepoint
New York
|
+$39.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Darsana Capital Partners
New York
|
-$153M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$114M |
| 3 |
AC
Armistice Capital
New York
|
-$76.2M |
| 4 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$38.6M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$32.7M |
FIVE Hedge Fund Activity: Q4 2022 in Review
481 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2022, worth a combined $10.4B — up 26% from $8.28B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new FIVE positions and 42 closed out — a net gain of 61 holders — while 167 added to existing stakes and 155 trimmed.
The largest buyer was 1832 Asset Management, opening a new position worth an estimated $88.7M. The largest seller was Darsana Capital Partners, cutting an estimated $153M.
- 481 institutional investors held Five Below (FIVE) as of Q4 2022, up from 425 in Q3 2022.
- Funds reported $10.4B of Five Below stock for Q4 2022, up 26% quarter-over-quarter.
- 103 funds opened new Five Below positions in Q4 2022 and 42 closed out, a net change of +61 holders.
- The largest Five Below buyer in Q4 2022 was 1832 Asset Management, an estimated $88.7M added.
- The largest Five Below seller in Q4 2022 was Darsana Capital Partners, an estimated $153M sold.
Based on aggregated 13F filings for Q4 2022.