Five Below
FIVE
497 hedge funds and large institutions have $12.1B invested in Five Below in 2023 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 146 increasing their positions, 207 reducing their positions, and 49 closing their positions.
53% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 49
16% more capital invested
Capital invested by funds: $10.4B → $12.1B (+$1.69B)
3% more funds holding
Funds holding: 481 → 497 (+16)
0.79% less ownership
Funds ownership: 106.22% → 105.43% (-0.79%)
7% less call options, than puts
Call options by funds: $174M | Put options by funds: $188M
24% less funds holding in top 10
Funds holding in top 10: 21 → 16 (-5)
29% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 207
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$737M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
+$111M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$64M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$50.5M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
+$40.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$256M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$134M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$89.1M |
| 4 |
DCP
Darsana Capital Partners
New York
|
-$79.6M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$79.3M |
FIVE Hedge Fund Activity: Q1 2023 in Review
497 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2023, worth a combined $12.1B — up 16% from $10.4B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new FIVE positions and 49 closed out — a net gain of 26 holders — while 146 added to existing stakes and 207 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $737M. The largest seller was Fidelity Investments, cutting an estimated $256M.
- 497 institutional investors held Five Below (FIVE) as of Q1 2023, up from 481 in Q4 2022.
- Funds reported $12.1B of Five Below stock for Q1 2023, up 16% quarter-over-quarter.
- 75 funds opened new Five Below positions in Q1 2023 and 49 closed out, a net change of +26 holders.
- The largest Five Below buyer in Q1 2023 was T. Rowe Price Associates, an estimated $737M added.
- The largest Five Below seller in Q1 2023 was Fidelity Investments, an estimated $256M sold.
Based on aggregated 13F filings for Q1 2023.