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Five Below

496 hedge funds and large institutions have $12.1B invested in Five Below in 2023 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 147 increasing their positions, 207 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 49

16% more capital invested

Capital invested by funds: $10.4B → $12.1B (+$1.69B)

3% more funds holding

Funds holding: 481496 (+15)

7% less call options, than puts

Call options by funds: $174M | Put options by funds: $188M

1.52% less ownership

Funds ownership: 106.95%105.43% (-1.5%)

24% less funds holding in top 10

Funds holding in top 10: 2116 (-5)

29% less repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 207

Holders
496
Holders Change
+15
Holders Change %
+3.12%
% of All Funds
7.9%
Holding in Top 10
16
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-23.81%
% of All Funds
0.25%
New
74
Increased
147
Reduced
207
Closed
49
Calls
$174M
Puts
$188M
Net Calls
-$14M
Net Calls Change
+$45M
Name Holding Trade Value Shares
Change
Change in
Stake
ASRS
176
Arizona State Retirement System
Arizona
$3.31M +$83.7K +425 +3%
BCI
177
Brinker Capital Investments
Pennsylvania
$3.3M +$117K +596 +4%
OPS
178
Orion Portfolio Solutions
Nebraska
$3.3M +$3.16M +16,026 New
CAN
179
Cetera Advisor Networks
California
$3.3M -$10.6K -54 -0.3%
LSERS
180
Louisiana State Employees Retirement System
Louisiana
$3.03M -$39.4K -200 -1%
Janney Montgomery Scott
181
Janney Montgomery Scott
Pennsylvania
$2.94M -$186K -946 -6%
AIP
182
Ameritas Investment Partners
Nebraska
$2.91M -$45.7K -232 -2%
CAPTRUST Financial Advisors
183
CAPTRUST Financial Advisors
North Carolina
$2.91M -$202K -1,024 -7%
SOMRS
184
State of Michigan Retirement System
Michigan
$2.89M -$19.7K -100 -0.7%
Citigroup
185
Citigroup
New York
$2.86M +$335K +1,699 +14%
VHAM
186
Van Hulzen Asset Management
California
$2.77M +$1.26M +6,389 +90%
ACM
187
Aquatic Capital Management
Illinois
$2.74M +$2.28M +11,600 +682%
X
188
Xponance
Pennsylvania
$2.66M +$8.47K +43 +0.3%
SG Americas Securities
189
SG Americas Securities
New York
$2.6M +$869K +4,414 +54%
WT
190
Whittier Trust
California
$2.57M +$26.6K +135 +1%
NMIMC
191
Northwestern Mutual Investment Management Company
Wisconsin
$2.54M +$1.41M +7,179 +140%
ITFISA
192
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna
$2.51M -$679K -3,450 -22%
PCM
193
Penn Capital Management
Pennsylvania
$2.5M -$15M -76,226 -86%
S
194
SignatureFD
Georgia
$2.49M +$7.09K +36 +0.3%
SSA
195
Schonfeld Strategic Advisors
New York
$2.47M -$559K -2,840 -19%
MCM
196
Marsico Capital Management
Colorado
$2.38M +$2.28M +11,557 New
DTL
197
Dynamic Technology Lab
Singapore
$2.3M +$1.49M +7,578 +211%
FDCDDQ
198
Federation des caisses Desjardins du Quebec
Quebec, Canada
$2.29M -$226K -1,149 -9%
NG
199
NWK Group
California
$2.28M +$2.18M +11,057 New
LTAS
200
Linden Thomas Advisory Services
North Carolina
$2.2M +$71.3K +362 +4%

FIVE Hedge Fund Activity: Q1 2023 in Review

496 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2023, worth a combined $12.1B — up 16% from $10.4B a quarter earlier.

Buyers outnumbered sellers: 74 funds opened new FIVE positions and 49 closed out — a net gain of 25 holders — while 147 added to existing stakes and 207 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $737M. The largest seller was Fidelity Investments, cutting an estimated $256M.

  • 496 institutional investors held Five Below (FIVE) as of Q1 2023, up from 481 in Q4 2022.
  • Funds reported $12.1B of Five Below stock for Q1 2023, up 16% quarter-over-quarter.
  • 74 funds opened new Five Below positions in Q1 2023 and 49 closed out, a net change of +25 holders.
  • The largest Five Below buyer in Q1 2023 was T. Rowe Price Associates, an estimated $737M added.
  • The largest Five Below seller in Q1 2023 was Fidelity Investments, an estimated $256M sold.

Based on aggregated 13F filings for Q1 2023.