Five Below
FIVE
339 hedge funds and large institutions have $4.4B invested in Five Below in 2018 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 124 increasing their positions, 104 reducing their positions, and 38 closing their positions.
66% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 38
50% more funds holding in top 10
Funds holding in top 10: 8 → 12 (+4)
19% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 104
13% more capital invested
Capital invested by funds: $3.9B → $4.4B (+$504M)
7% more funds holding
Funds holding: 318 → 339 (+21)
1.91% more ownership
Funds ownership: 106.5% → 108.41% (+1.9%)
10% less call options, than puts
Call options by funds: $84.8M | Put options by funds: $94.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$45.5M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$44.4M |
| 3 |
Two Sigma Advisers
New York
|
+$38.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$37.9M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$32.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$46M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$36M |
| 3 |
Renaissance Technologies
New York
|
-$29.3M |
| 4 |
Morgan Stanley
New York
|
-$25.1M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.9M |
FIVE Hedge Fund Activity: Q1 2018 in Review
339 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2018, worth a combined $4.4B — up 13% from $3.9B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new FIVE positions and 38 closed out — a net gain of 25 holders — while 124 added to existing stakes and 104 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $45.5M. The largest seller was Millennium Management, cutting an estimated $46M.
- 339 institutional investors held Five Below (FIVE) as of Q1 2018, up from 318 in Q4 2017.
- Funds reported $4.4B of Five Below stock for Q1 2018, up 13% quarter-over-quarter.
- 63 funds opened new Five Below positions in Q1 2018 and 38 closed out, a net change of +25 holders.
- The largest Five Below buyer in Q1 2018 was Two Sigma Investments, an estimated $45.5M added.
- The largest Five Below seller in Q1 2018 was Millennium Management, an estimated $46M sold.
Based on aggregated 13F filings for Q1 2018.