Five Below
FIVE
173 hedge funds and large institutions have $2.25B invested in Five Below in 2015 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 66 increasing their positions, 51 reducing their positions, and 40 closing their positions.
400% more funds holding in top 10
Funds holding in top 10: 1 → 5 (+4)
147% more call options, than puts
Call options by funds: $64.8M | Put options by funds: $26.3M
29% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 51
20% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 40
3% more funds holding
Funds holding: 168 → 173 (+5)
20% less capital invested
Capital invested by funds: $2.8B → $2.25B (-$554M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$49.8M |
| 2 |
Neuberger Berman Group
New York
|
+$39.5M |
| 3 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$33.7M |
| 4 |
CCM
Crestwood Capital Management
New York
|
+$21M |
| 5 |
TC
Tyvor Capital
Oak Brook,
Illinois
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$160M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$112M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$47.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$33.1M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$31.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Jane Street
New York
| – | -$177K | -5,310 | Closed |
|
|
AB
202
Amalgamated Bank
New York
| – | -$215K | -5,277 | Closed |
|
203
M&T Bank
Buffalo,
New York
| – | -$210K | -5,159 | Closed |
|
|
HCM
204
Hilton Capital Management
Garden City,
New York
| – | -$204K | -5,000 | Closed |
|
|
CSS
205
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$151K | -3,702 | Closed |
|
|
BJ
206
BlackRock Japan
Tokyo,
Japan
| – | -$88K | -2,164 | Closed |
|
|
TI
207
Turner Investments
Berwyn,
Pennsylvania
| – | -$69K | -1,700 | Closed |
|
|
FMT
208
First Mercantile Trust
Cordova,
Tennessee
| – | -$58K | -1,430 | Closed |
|
209
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| – | -$20K | -500 | Closed |
|
|
FANJ
210
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$4K | -100 | Closed |
|
|
NPC
211
National Planning Corporation
El Segundo,
California
| – | -$4.24K | -100 | Closed |
|
|
HCM
212
Herndon Capital Management
Atlanta,
Georgia
| – | -$1K | -21 | Closed |
|
FIVE Hedge Fund Activity: Q1 2015 in Review
173 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2015, worth a combined $2.25B — down 20% from $2.8B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new FIVE positions and 40 closed out — a net gain of 8 holders — while 66 added to existing stakes and 51 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $49.8M. The largest seller was Capital World Investors, cutting an estimated $160M.
- 173 institutional investors held Five Below (FIVE) as of Q1 2015, up from 168 in Q4 2014.
- Funds reported $2.25B of Five Below stock for Q1 2015, down 20% quarter-over-quarter.
- 48 funds opened new Five Below positions in Q1 2015 and 40 closed out, a net change of +8 holders.
- The largest Five Below buyer in Q1 2015 was Fidelity Investments, an estimated $49.8M added.
- The largest Five Below seller in Q1 2015 was Capital World Investors, an estimated $160M sold.
Based on aggregated 13F filings for Q1 2015.