Five Below
FIVE
318 hedge funds and large institutions have $3.9B invested in Five Below in 2017 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 91 increasing their positions, 114 reducing their positions, and 29 closing their positions.
148% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 29
43% more call options, than puts
Call options by funds: $118M | Put options by funds: $82.3M
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
17% more capital invested
Capital invested by funds: $3.35B → $3.9B (+$553M)
15% more funds holding
Funds holding: 276 → 318 (+42)
4.01% less ownership
Funds ownership: 110.51% → 106.5% (-4%)
20% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 114
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$63.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$45.8M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$30.1M |
| 4 |
Millennium Management
New York
|
+$26.2M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$41.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$35.5M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$35.1M |
| 4 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$28.7M |
| 5 |
Jennison Associates
New York
|
-$28.1M |
FIVE Hedge Fund Activity: Q4 2017 in Review
318 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2017, worth a combined $3.9B — up 17% 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 114 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.
- 318 institutional investors held Five Below (FIVE) as of Q4 2017, up from 276 in Q3 2017.
- Funds reported $3.9B of Five Below stock for Q4 2017, up 17% 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.