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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
Ensign Peak Advisors
151
Ensign Peak Advisors
Utah
$5.41M +$9.85K +50 +0.2%
LIC
152
Laurus Investment Counsel
Canada
$5.19M +$177K +900 +5%
COPPSERS
153
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$5.15M +$6.7K +34 +0.1%
HighTower Advisors
154
HighTower Advisors
Illinois
$5.14M -$2.48M -12,605 -34%
Treasurer of the State of North Carolina
155
Treasurer of the State of North Carolina
North Carolina
$5.07M +$183K +930 +4%
CIBC Private Wealth Group
156
CIBC Private Wealth Group
Georgia
$4.96M -$189K -960 -0.8%
RHJA
157
Rice Hall James & Associates
California
$4.9M -$110K -557 -2%
TGCMU
158
Titan Global Capital Management USA
New York
$4.76M +$1.74M +8,841 +62%
MC
159
Maverick Capital
Texas
$4.74M -$2.42M -12,277 -35%
D.E. Shaw & Co
160
D.E. Shaw & Co
New York
$4.65M -$180K -915 -4%
William Blair & Company
161
William Blair & Company
Illinois
$4.62M +$325K +1,652 +8%
Susquehanna International Group
162
Susquehanna International Group
Pennsylvania
$4.49M +$3.71M +18,816 +627%
SCM
163
Silvant Capital Management
Georgia
$4.47M
PI
164
PEAK6 Investments
Illinois
$4.38M -$1.53M -7,770 -27%
Hudson Bay Capital Management
165
Hudson Bay Capital Management
Connecticut
$4.33M +$4.14M +21,034 New
BMSSC
166
B. Metzler seel. Sohn & Co
Germany
$4.17M -$1.48M -7,515 -27%
Teacher Retirement System of Texas
167
Teacher Retirement System of Texas
Texas
$4.12M +$876K +4,448 +29%
GI
168
Gradient Investments
Minnesota
$4.03M -$175K -889 -4%
Osaic Holdings
169
Osaic Holdings
Arizona
$3.98M +$300K +1,525 +9%
TIA
170
Tandem Investment Advisors
South Carolina
$3.74M -$147K -746 -4%
WS
171
Wedbush Securities
California
$3.66M +$80.7K +410 +2%
Mariner
172
Mariner
Kansas
$3.56M +$2.27M +11,550 +202%
PNC Financial Services Group
173
PNC Financial Services Group
Pennsylvania
$3.52M -$287K -1,457 -8%
SC
174
Shellback Capital
Massachusetts
$3.44M -$4.92M -25,000 -60%
OPERF
175
Oregon Public Employees Retirement Fund
Oregon
$3.34M -$26K -132 -0.8%

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.