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Five Below
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317 hedge funds and large institutions have $3.94B invested in Five Below in 2017 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 91 increasing their positions, 113 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 29

44% more call options, than puts

Call options by funds: $118M | Put options by funds: $81.7M

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

18% more capital invested

Capital invested by funds: $3.35B → $3.94B (+$589M)

15% more funds holding

Funds holding: 275 → 317 (+42)

4.01% less ownership

Funds ownership: 110.5% → 106.49% (-4%)

19% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 113

Holders
317
Holders Change
+42
Holders Change %
+15.27%
% of All Funds
7.19%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.18%
New
72
Increased
91
Reduced
113
Closed
29
Calls
$118M
Puts
$81.7M
Net Calls
+$36.1M
Net Calls Change
+$7.35M

Top Buyers

1
GGHC
Gilder Gagnon Howe & Co
New York
+$63.4M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$45.8M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$30.1M
4
Millennium Management
Millennium Management
New York
+$26.2M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$19M

Top Sellers

1
TCM
TimesSquare Capital Management
New York
-$41.5M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$35.5M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$35.1M
4
CWAM
Columbia Wanger Asset Management
Illinois
-$28.7M
5
Jennison Associates
Jennison Associates
New York
-$28.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$446M -$2M -33,335 -0.5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$335M +$14.8M +245,726 +5%
Capital Research Global Investors
3
Capital Research Global Investors
California
$194M – – –
AllianceBernstein
4
AllianceBernstein
Tennessee
$141M -$14.8M -247,179 -10%
WA
5
Wasatch Advisors
Utah
$138M +$8.68M +144,473 +7%
RP
6
Riverbridge Partners
Minnesota
$133M -$5.52M -91,903 -4%
Jennison Associates
7
Jennison Associates
New York
$110M -$28.1M -468,376 -22%
State Street
8
State Street
Massachusetts
$96.1M +$4.47M +74,395 +5%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$91.2M +$45.8M +762,773 +125%
Goldman Sachs
10
Goldman Sachs
New York
$85.7M -$6.07M -101,128 -7%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$79.9M +$1.31M +21,783 +2%
Invesco
12
Invesco
Georgia
$78.3M -$5.36M -89,202 -7%
GGHC
13
Gilder Gagnon Howe & Co
New York
$70M +$63.4M +1,055,345 New
GKIM
14
GW&K Investment Management
Massachusetts
$67.9M -$14.9M -248,594 -20%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$66.3M -$984K -16,380 -2%
Millennium Management
16
Millennium Management
New York
$52.6M +$26.2M +435,463 +122%
Northern Trust
17
Northern Trust
Illinois
$52.5M -$931K -15,505 -2%
GT
18
Glenmede Trust
Pennsylvania
$51M -$22.2M -368,968 -32%
Victory Capital Management
19
Victory Capital Management
Texas
$46.4M -$21M -349,066 -33%
Bank of America
20
Bank of America
North Carolina
$46M -$22.3M -371,095 -35%
Renaissance Technologies
21
Renaissance Technologies
New York
$45.5M -$24.3M -404,300 -37%
WRF
22
Waddell & Reed Financial
Kansas
$45.2M -$638K -10,630 -2%
Morgan Stanley
23
Morgan Stanley
New York
$44.3M +$3.08M +51,309 +8%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$43.5M +$166K +2,770 +0.4%
CWAM
25
Columbia Wanger Asset Management
Illinois
$43.1M -$28.7M -477,347 -42%
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FIVE Hedge Fund Activity: Q4 2017 in Review

317 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2017, worth a combined $3.94B — up 18% 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 113 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.

  • 317 institutional investors held Five Below (FIVE) as of Q4 2017, up from 275 in Q3 2017.
  • Funds reported $3.94B of Five Below stock for Q4 2017, up 18% 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.