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Five Below
FIVE

317 hedge funds and large institutions have $3.94B invested in Five Below in 2017 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 91 increasing their positions, 113 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 29

44% more call options, than puts

Call options by funds: $118M | Put options by funds: $81.7M

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

18% more capital invested

Capital invested by funds: $3.35B → $3.94B (+$589M)

15% more funds holding

Funds holding: 275 → 317 (+42)

4.01% less ownership

Funds ownership: 110.5% → 106.49% (-4%)

19% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 113

Holders
317
Holders Change
+42
Holders Change %
+15.27%
% of All Funds
7.19%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.18%
New
72
Increased
91
Reduced
113
Closed
29
Calls
$118M
Puts
$81.7M
Net Calls
+$36.1M
Net Calls Change
+$7.35M

Top Buyers

1
GGHC
Gilder Gagnon Howe & Co
New York
+$63.4M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$45.8M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$30.1M
4
Millennium Management
Millennium Management
New York
+$26.2M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$19M

Top Sellers

1
TCM
TimesSquare Capital Management
New York
-$41.5M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$35.5M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$35.1M
4
CWAM
Columbia Wanger Asset Management
Illinois
-$28.7M
5
Jennison Associates
Jennison Associates
New York
-$28.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
176
ALPS Advisors
Colorado
$742K +$10.6K +177 +2%
AG
177
Advisor Group
Arizona
$737K +$62.6K +1,042 +10%
GC
178
Giverny Capital
Quebec, Canada
$730K – – –
SOADOR
179
State of Alaska Department of Revenue
Alaska
$729K +$4.2K +70 +0.6%
SSWM
180
Sheets Smith Wealth Management
North Carolina
$717K +$303K +5,040 +87%
DC
181
Davenport & Co
Virginia
$665K +$15K +250 +3%
KeyBank National Association
182
KeyBank National Association
Ohio
$664K -$20K -333 -3%
ProShare Advisors
183
ProShare Advisors
Maryland
$661K +$295K +4,917 +97%
BJL
184
Brighton Jones LLC
Washington
$652K +$590K +9,824 New
LCG
185
Lisanti Capital Growth
New York
$607K +$550K +9,155 New
ZIG
186
Zurich Insurance Group
Switzerland
$599K -$682K -11,349 -56%
PA
187
Profund Advisors
Maryland
$598K +$66.3K +1,104 +14%
FA
188
FDx Advisors
Illinois
$595K -$106K -1,760 -16%
Parallax Volatility Advisers
189
Parallax Volatility Advisers
California
$546K +$494K +8,232 New
LCM
190
Legato Capital Management
California
$529K – – –
AB
191
Amalgamated Bank
New York
$524K +$28.2K +469 +6%
AAM
192
Azzad Asset Management
Virginia
$511K +$7.03K +117 +2%
FCM
193
Flinton Capital Management
Pennsylvania
$509K +$69.4K +1,156 +18%
FDCDDQ
194
Federation des caisses Desjardins du Quebec
Quebec, Canada
$503K -$25.5K -424 -5%
LCM
195
Laurion Capital Management
New York
$468K -$940K -15,652 -69%
HSBC Holdings
196
HSBC Holdings
United Kingdom
$451K -$91.9K -1,531 -18%
Cambridge Investment Research Advisors
197
Cambridge Investment Research Advisors
Iowa
$440K +$398K +6,635 New
SRAM
198
Stone Ridge Asset Management
New York
$433K +$392K +6,531 New
SO
199
STRS Ohio
Ohio
$431K +$138K +2,300 +55%
UFF
200
USA Financial Formulas
Michigan
$421K +$381K +6,346 New
6 7
8
9 10

FIVE Hedge Fund Activity: Q4 2017 in Review

317 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2017, worth a combined $3.94B — up 18% from $3.35B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new FIVE positions and 29 closed out — a net gain of 43 holders — while 91 added to existing stakes and 113 trimmed.

The largest buyer was Gilder Gagnon Howe & Co, opening a new position worth an estimated $63.4M. The largest seller was TimesSquare Capital Management, exiting entirely with an estimated $41.5M sold.

  • 317 institutional investors held Five Below (FIVE) as of Q4 2017, up from 275 in Q3 2017.
  • Funds reported $3.94B of Five Below stock for Q4 2017, up 18% quarter-over-quarter.
  • 72 funds opened new Five Below positions in Q4 2017 and 29 closed out, a net change of +43 holders.
  • The largest Five Below buyer in Q4 2017 was Gilder Gagnon Howe & Co, an estimated $63.4M added.
  • The largest Five Below seller in Q4 2017 was TimesSquare Capital Management, an estimated $41.5M sold.

Based on aggregated 13F filings for Q4 2017.