Five Below
FIVE
159 hedge funds and large institutions have $2.48B invested in Five Below in 2014 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 69 increasing their positions, 38 reducing their positions, and 27 closing their positions.
381% more call options, than puts
Call options by funds: $70M | Put options by funds: $14.6M
82% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 38
37% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 27
6% more funds holding
Funds holding: 150 → 159 (+9)
3% less capital invested
Capital invested by funds: $2.55B → $2.48B (-$65.3M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$48.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$47.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$41M |
| 4 |
Goldman Sachs
New York
|
+$36.2M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Advent International
Boston,
Massachusetts
|
-$196M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$51.7M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$23.5M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$17.2M |
| 5 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$12.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COPPSERS
176
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$540K | -12,705 | Closed |
|
|
ID
177
Integral Derivatives
New York
| – | -$399K | -9,381 | Closed |
|
|
PAM
178
Princeton Alpha Management
Princeton Junction,
New Jersey
| – | -$323K | -7,595 | Closed |
|
179
Tudor Investment Corp
Stamford,
Connecticut
| – | -$301K | -7,082 | Closed |
|
|
VKH
180
Virtu KCG Holdings
New York
| – | -$239K | -5,618 | Closed |
|
|
HCM
181
Hilton Capital Management
Garden City,
New York
| – | -$212K | -5,000 | Closed |
|
182
AQR Capital Management
Greenwich,
Connecticut
| – | -$208K | -4,900 | Closed |
|
|
PM
183
Parametrica Management
Wanchai,
Hong Kong
| – | -$201K | -4,734 | Closed |
|
|
ECM
184
ETrade Capital Management
Arlington,
Virginia
| – | -$22K | -513 | Closed |
|
|
TCM
185
Tradewinds Capital Management
Bellingham,
Washington
| – | -$4K | -90 | Closed |
|
|
KTC
186
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| – | +$76 | +2 | New |
|
FIVE Hedge Fund Activity: Q2 2014 in Review
159 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q2 2014, worth a combined $2.48B — down 2.6% from $2.55B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FIVE positions and 27 closed out — a net gain of 10 holders — while 69 added to existing stakes and 38 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $48.2M. The largest seller was Advent International, exiting entirely with an estimated $196M sold.
- 159 institutional investors held Five Below (FIVE) as of Q2 2014, up from 150 in Q1 2014.
- Funds reported $2.48B of Five Below stock for Q2 2014, down 2.6% quarter-over-quarter.
- 37 funds opened new Five Below positions in Q2 2014 and 27 closed out, a net change of +10 holders.
- The largest Five Below buyer in Q2 2014 was AllianceBernstein, an estimated $48.2M added.
- The largest Five Below seller in Q2 2014 was Advent International, an estimated $196M sold.
Based on aggregated 13F filings for Q2 2014.