Five Below
FIVE
503 hedge funds and large institutions have $13B invested in Five Below in 2023 Q4 according to their latest regulatory filings, with 92 funds opening new positions, 160 increasing their positions, 181 reducing their positions, and 34 closing their positions.
171% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 34
33% more capital invested
Capital invested by funds: $9.79B → $13B (+$3.21B)
25% more funds holding in top 10
Funds holding in top 10: 12 → 15 (+3)
11% more funds holding
Funds holding: 452 → 503 (+51)
1.91% more ownership
Funds ownership: 108.66% → 110.57% (+1.9%)
1% less call options, than puts
Call options by funds: $342M | Put options by funds: $345M
12% less repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 181
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$178M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$131M |
| 3 |
Holocene Advisors
New York
|
+$95M |
| 4 |
Millennium Management
New York
|
+$64.3M |
| 5 |
JCM
Junto Capital Management
New York
|
+$63.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$107M |
| 2 |
DCM
Dorsal Capital Management
Redwood City,
California
|
-$55.1M |
| 3 |
BlackRock
New York
|
-$53.2M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$48.3M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$37M |
FIVE Hedge Fund Activity: Q4 2023 in Review
503 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q4 2023, worth a combined $13B — up 33% from $9.79B a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new FIVE positions and 34 closed out — a net gain of 58 holders — while 160 added to existing stakes and 181 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $178M. The largest seller was T. Rowe Price Associates, cutting an estimated $107M.
- 503 institutional investors held Five Below (FIVE) as of Q4 2023, up from 452 in Q3 2023.
- Funds reported $13B of Five Below stock for Q4 2023, up 33% quarter-over-quarter.
- 92 funds opened new Five Below positions in Q4 2023 and 34 closed out, a net change of +58 holders.
- The largest Five Below buyer in Q4 2023 was Morgan Stanley, an estimated $178M added.
- The largest Five Below seller in Q4 2023 was T. Rowe Price Associates, an estimated $107M sold.
Based on aggregated 13F filings for Q4 2023.