Five Below
FIVE
239 hedge funds and large institutions have $2.48B invested in Five Below in 2016 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 95 increasing their positions, 80 reducing their positions, and 34 closing their positions.
32% more call options, than puts
Call options by funds: $48.4M | Put options by funds: $36.8M
19% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 80
18% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 34
2% more funds holding
Funds holding: 234 → 239 (+5)
14% less capital invested
Capital invested by funds: $2.88B → $2.48B (-$402M)
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$67.7M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$38.3M |
| 3 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
+$35.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$31.9M |
| 5 |
O
OppenheimerFunds
New York
|
+$21.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$82.3M |
| 2 |
SC
Samlyn Capital
New York
|
-$36.1M |
| 3 |
CCI
Columbus Circle Investors
|
-$21.8M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$13.8M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$13.6M |
FIVE Hedge Fund Activity: Q3 2016 in Review
239 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q3 2016, worth a combined $2.48B — down 14% from $2.88B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new FIVE positions and 34 closed out — a net gain of 6 holders — while 95 added to existing stakes and 80 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $67.7M. The largest seller was Fidelity Investments, cutting an estimated $82.3M.
- 239 institutional investors held Five Below (FIVE) as of Q3 2016, up from 234 in Q2 2016.
- Funds reported $2.48B of Five Below stock for Q3 2016, down 14% quarter-over-quarter.
- 40 funds opened new Five Below positions in Q3 2016 and 34 closed out, a net change of +6 holders.
- The largest Five Below buyer in Q3 2016 was Victory Capital Management, an estimated $67.7M added.
- The largest Five Below seller in Q3 2016 was Fidelity Investments, an estimated $82.3M sold.
Based on aggregated 13F filings for Q3 2016.