Five Below
FIVE
453 hedge funds and large institutions have $9.79B invested in Five Below in 2023 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 158 increasing their positions, 182 reducing their positions, and 79 closing their positions.
4.1% more ownership
Funds ownership: 104.56% → 108.66% (+4.1%)
1% more call options, than puts
Call options by funds: $173M | Put options by funds: $172M
7% less funds holding
Funds holding: 489 → 453 (-36)
8% less funds holding in top 10
Funds holding in top 10: 13 → 12 (-1)
13% less repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 182
14% less capital invested
Capital invested by funds: $11.4B → $9.79B (-$1.64B)
42% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$304M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
+$89.2M |
| 3 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$72.2M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$68.7M |
| 5 |
SCM
Steadfast Capital Management
New York
|
+$62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$209M |
| 2 |
Goldman Sachs
New York
|
-$58.7M |
| 3 |
Man Group
London,
United Kingdom
|
-$54.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$42.8M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$42.4M |
FIVE Hedge Fund Activity: Q3 2023 in Review
453 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q3 2023, worth a combined $9.79B — down 14% from $11.4B a quarter earlier.
Sellers outnumbered buyers: 79 funds closed out of FIVE and 46 opened new positions — a net loss of 33 holders — while 182 trimmed existing stakes and 158 added.
The largest buyer was Capital World Investors, adding an estimated $304M. The largest seller was Fidelity Investments, cutting an estimated $209M.
- 453 institutional investors held Five Below (FIVE) as of Q3 2023, down from 489 in Q2 2023.
- Funds reported $9.79B of Five Below stock for Q3 2023, down 14% quarter-over-quarter.
- 46 funds opened new Five Below positions in Q3 2023 and 79 closed out, a net change of -33 holders.
- The largest Five Below buyer in Q3 2023 was Capital World Investors, an estimated $304M added.
- The largest Five Below seller in Q3 2023 was Fidelity Investments, an estimated $209M sold.
Based on aggregated 13F filings for Q3 2023.