Five Below
FIVE
500 hedge funds and large institutions have $10.7B invested in Five Below in 2024 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 156 increasing their positions, 195 reducing their positions, and 58 closing their positions.
3% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 58
1% less funds holding
Funds holding: 504 → 500 (-4)
2.29% less ownership
Funds ownership: 109.14% → 106.85% (-2.3%)
16% less call options, than puts
Call options by funds: $216M | Put options by funds: $257M
17% less capital invested
Capital invested by funds: $12.8B → $10.7B (-$2.13B)
20% less repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 195
27% less funds holding in top 10
Funds holding in top 10: 15 → 11 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$95.5M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$69.2M |
| 3 |
Holocene Advisors
New York
|
+$66.8M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$52.7M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$50.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$160M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$107M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$69.7M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$54.3M |
| 5 |
JP Morgan Chase
New York
|
-$44.1M |
FIVE Hedge Fund Activity: Q1 2024 in Review
500 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2024, worth a combined $10.7B — down 17% from $12.8B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new FIVE positions and 58 closed out — a net gain of 2 holders — while 156 added to existing stakes and 195 trimmed.
The largest buyer was Montrusco Bolton Investments, adding an estimated $95.5M. The largest seller was Fidelity Investments, cutting an estimated $160M.
- 500 institutional investors held Five Below (FIVE) as of Q1 2024, down from 504 in Q4 2023.
- Funds reported $10.7B of Five Below stock for Q1 2024, down 17% quarter-over-quarter.
- 60 funds opened new Five Below positions in Q1 2024 and 58 closed out, a net change of +2 holders.
- The largest Five Below buyer in Q1 2024 was Montrusco Bolton Investments, an estimated $95.5M added.
- The largest Five Below seller in Q1 2024 was Fidelity Investments, an estimated $160M sold.
Based on aggregated 13F filings for Q1 2024.