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Five Below
FIVE

423 hedge funds and large institutions have $6.11B invested in Five Below in 2024 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 139 increasing their positions, 127 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 62

41% more call options, than puts

Call options by funds: $323M | Put options by funds: $228M

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

21% more capital invested

Capital invested by funds: $5.05B → $6.11B (+$1.07B)

5% more funds holding

Funds holding: 402 → 423 (+21)

2.09% more ownership

Funds ownership: 103.82% → 105.92% (+2.1%)

9% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 127

Holders
423
Holders Change
+21
Holders Change %
+5.22%
% of All Funds
5.57%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
89
Increased
139
Reduced
127
Closed
62
Calls
$323M
Puts
$228M
Net Calls
+$94.2M
Net Calls Change
+$45.6M

Top Buyers

1
SCM
Steadfast Capital Management
New York
+$113M
2
Marshall Wace
Marshall Wace
United Kingdom
+$103M
3
Holocene Advisors
Holocene Advisors
New York
+$88.8M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$45M
5
Man Group
Man Group
United Kingdom
+$43.1M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$112M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$70.3M
3
AM
Atreides Management
Massachusetts
-$68.6M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$67.8M
5
Macquarie Group
Macquarie Group
Australia
-$50.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
State of Tennessee, Department of Treasury
151
State of Tennessee, Department of Treasury
Tennessee
$2.32M +$93.6K +978 +5%
PI
152
PineBridge Investments
New York
$2.28M +$621K +6,492 +43%
Janney Montgomery Scott
153
Janney Montgomery Scott
Pennsylvania
$2.27M -$17.8K -186 -0.9%
LAM
154
LECAP Asset Management
United Kingdom
$2.23M +$2.04M +21,284 New
Cerity Partners
155
Cerity Partners
New York
$2.2M +$545K +5,698 +36%
QCM
156
Quantinno Capital Management
New York
$2.12M +$1.43M +14,961 +284%
Cetera Investment Advisers
157
Cetera Investment Advisers
Illinois
$2.12M -$84.7K -885 -4%
FDCDDQ
158
Federation des caisses Desjardins du Quebec
Quebec, Canada
$2.09M -$180K -1,882 -9%
GAM
159
Gotham Asset Management
New York
$2.07M +$1.89M +19,733 New
PFSRSONJ
160
Police & Firemen's Retirement System of New Jersey
New Jersey
$2.04M +$1.86M +19,414 New
FCM
161
Fieldview Capital Management
Michigan
$2.03M +$1.85M +19,386 New
YCM
162
Yousif Capital Management
Michigan
$2.03M -$88.8K -928 -5%
BMSSC
163
B. Metzler seel. Sohn & Co
Germany
$2.01M -$82.3K -860 -4%
DekaBank Deutsche Girozentrale
164
DekaBank Deutsche Girozentrale
Germany
$2M – – –
CCM
165
Crestwood Capital Management
New York
$1.9M – – –
LTAS
166
Linden Thomas Advisory Services
North Carolina
$1.86M -$65.7K -687 -4%
Squarepoint
167
Squarepoint
New York
$1.84M -$13.3M -139,152 -89%
ASRS
168
Arizona State Retirement System
Arizona
$1.67M +$7.56K +79 +0.5%
OTL
169
Oak Thistle LLC
New York
$1.67M +$45K +470 +3%
GI
170
Gradient Investments
Minnesota
$1.67M +$10.6K +111 +0.7%
QIM
171
Quantitative Investment Management
Virginia
$1.65M +$1.51M +15,737 New
LSERS
172
Louisiana State Employees Retirement System
Louisiana
$1.61M – – –
Handelsbanken Fonder
173
Handelsbanken Fonder
Sweden
$1.6M +$210K +2,200 +17%
MASUI
174
MIRAE ASSET SECURITIES (USA) INC.
New York
$1.58M +$1.44M +15,039 New
Zurich Cantonal Bank
175
Zurich Cantonal Bank
Switzerland
$1.57M +$128K +1,338 +10%
5 6
7
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FIVE Hedge Fund Activity: Q4 2024 in Review

423 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2024, worth a combined $6.11B — up 21% from $5.05B a quarter earlier.

Buyers outnumbered sellers: 89 funds opened new FIVE positions and 62 closed out — a net gain of 27 holders — while 139 added to existing stakes and 127 trimmed.

The largest buyer was Steadfast Capital Management, opening a new position worth an estimated $113M. The largest seller was T. Rowe Price Associates, cutting an estimated $112M.

  • 423 institutional investors held Five Below (FIVE) as of Q4 2024, up from 402 in Q3 2024.
  • Funds reported $6.11B of Five Below stock for Q4 2024, up 21% quarter-over-quarter.
  • 89 funds opened new Five Below positions in Q4 2024 and 62 closed out, a net change of +27 holders.
  • The largest Five Below buyer in Q4 2024 was Steadfast Capital Management, an estimated $113M added.
  • The largest Five Below seller in Q4 2024 was T. Rowe Price Associates, an estimated $112M sold.

Based on aggregated 13F filings for Q4 2024.