Five Below
FIVE
423 hedge funds and large institutions have $6.63B invested in Five Below in 2022 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 153 increasing their positions, 161 reducing their positions, and 73 closing their positions.
8.06% more ownership
Funds ownership: 97.2% → 105.27% (+8.1%)
5% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 161
6% less funds holding
Funds holding: 448 → 423 (-25)
22% less call options, than puts
Call options by funds: $124M | Put options by funds: $159M
23% less capital invested
Capital invested by funds: $8.61B → $6.63B (-$1.98B)
23% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 73
38% less funds holding in top 10
Funds holding in top 10: 13 → 8 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Darsana Capital Partners
New York
|
+$205M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$204M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$88.8M |
| 4 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$74.2M |
| 5 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$71.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$101M |
| 2 |
AC
Armistice Capital
New York
|
-$57.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$46.7M |
| 4 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$38.3M |
| 5 |
Jennison Associates
New York
|
-$32.5M |
FIVE Hedge Fund Activity: Q2 2022 in Review
423 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q2 2022, worth a combined $6.63B — down 23% from $8.61B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of FIVE and 56 opened new positions — a net loss of 17 holders — while 161 trimmed existing stakes and 153 added.
The largest buyer was Darsana Capital Partners, opening a new position worth an estimated $205M. The largest seller was Point72 Asset Management, exiting entirely with an estimated $101M sold.
- 423 institutional investors held Five Below (FIVE) as of Q2 2022, down from 448 in Q1 2022.
- Funds reported $6.63B of Five Below stock for Q2 2022, down 23% quarter-over-quarter.
- 56 funds opened new Five Below positions in Q2 2022 and 73 closed out, a net change of -17 holders.
- The largest Five Below buyer in Q2 2022 was Darsana Capital Partners, an estimated $205M added.
- The largest Five Below seller in Q2 2022 was Point72 Asset Management, an estimated $101M sold.
Based on aggregated 13F filings for Q2 2022.