Five Below
FIVE
428 hedge funds and large institutions have $6.59B invested in Five Below in 2019 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 142 increasing their positions, 175 reducing their positions, and 68 closing their positions.
1.15% more ownership
Funds ownership: 97.03% → 98.18% (+1.2%)
3% more call options, than puts
Call options by funds: $107M | Put options by funds: $104M
2% less capital invested
Capital invested by funds: $6.73B → $6.59B (-$136M)
3% less funds holding
Funds holding: 443 → 428 (-15)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
12% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 68
19% less repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 175
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
+$193M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$73.3M |
| 3 |
JCM
Junto Capital Management
New York
|
+$56.6M |
| 4 |
Millennium Management
New York
|
+$54.3M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
+$41.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$188M |
| 2 |
Two Sigma Investments
New York
|
-$82.8M |
| 3 |
Two Sigma Advisers
New York
|
-$67M |
| 4 |
State Street
Boston,
Massachusetts
|
-$49.3M |
| 5 |
Renaissance Technologies
New York
|
-$34.3M |
FIVE Hedge Fund Activity: Q2 2019 in Review
428 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q2 2019, worth a combined $6.59B — down 2% from $6.73B a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of FIVE and 60 opened new positions — a net loss of 8 holders — while 175 trimmed existing stakes and 142 added.
The largest buyer was Winslow Capital Management, opening a new position worth an estimated $193M. The largest seller was BlackRock, cutting an estimated $188M.
- 428 institutional investors held Five Below (FIVE) as of Q2 2019, down from 443 in Q1 2019.
- Funds reported $6.59B of Five Below stock for Q2 2019, down 2% quarter-over-quarter.
- 60 funds opened new Five Below positions in Q2 2019 and 68 closed out, a net change of -8 holders.
- The largest Five Below buyer in Q2 2019 was Winslow Capital Management, an estimated $193M added.
- The largest Five Below seller in Q2 2019 was BlackRock, an estimated $188M sold.
Based on aggregated 13F filings for Q2 2019.