Five Below
FIVE
153 hedge funds and large institutions have $2.51B invested in Five Below in 2014 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 56 increasing their positions, 58 reducing their positions, and 26 closing their positions.
342% more call options, than puts
Call options by funds: $91.8M | Put options by funds: $20.8M
1% more capital invested
Capital invested by funds: $2.48B → $2.51B (+$27.1M)
3% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 58
4% less funds holding
Funds holding: 159 → 153 (-6)
19% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 26
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$43.7M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$32.1M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$22.8M |
| 4 |
Morgan Stanley
New York
|
+$22.1M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$22.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$16.8M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
-$15M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$12.8M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$10.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSG
176
Summit Securities Group
New York
| – | -$4K | -100 | Closed |
|
|
SEC
177
Seven Eight Capital
New York
| – | -$1K | -25 | Closed |
|
178
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$78 | +2 | New |
|
FIVE Hedge Fund Activity: Q3 2014 in Review
153 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q3 2014, worth a combined $2.51B — up 1.1% from $2.48B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of FIVE and 21 opened new positions — a net loss of 5 holders — while 58 trimmed existing stakes and 56 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $43.7M. The largest seller was Axiom Investors, exiting entirely with an estimated $22.7M sold.
- 153 institutional investors held Five Below (FIVE) as of Q3 2014, down from 159 in Q2 2014.
- Funds reported $2.51B of Five Below stock for Q3 2014, up 1.1% quarter-over-quarter.
- 21 funds opened new Five Below positions in Q3 2014 and 26 closed out, a net change of -5 holders.
- The largest Five Below buyer in Q3 2014 was T. Rowe Price Associates, an estimated $43.7M added.
- The largest Five Below seller in Q3 2014 was Axiom Investors, an estimated $22.7M sold.
Based on aggregated 13F filings for Q3 2014.