Five Below
FIVE
461 hedge funds and large institutions have $7.73B invested in Five Below in 2025 Q2 according to their latest regulatory filings, with 111 funds opening new positions, 132 increasing their positions, 169 reducing their positions, and 56 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 4 → 12 (+8)
98% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 56
81% more capital invested
Capital invested by funds: $4.27B → $7.73B (+$3.45B)
12% more funds holding
Funds holding: 410 → 461 (+51)
3.2% more ownership
Funds ownership: 103.75% → 106.96% (+3.2%)
7% less call options, than puts
Call options by funds: $274M | Put options by funds: $294M
22% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 169
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$245M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$114M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$111M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$103M |
| 5 |
ACM
Anomaly Capital Management
New York
|
+$84.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$92.5M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$76M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$64.8M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$62.8M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$47.2M |
FIVE Hedge Fund Activity: Q2 2025 in Review
461 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q2 2025, worth a combined $7.73B — up 81% from $4.27B a quarter earlier.
Buyers outnumbered sellers: 111 funds opened new FIVE positions and 56 closed out — a net gain of 55 holders — while 132 added to existing stakes and 169 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $245M. The largest seller was Fidelity International, cutting an estimated $92.5M.
- 461 institutional investors held Five Below (FIVE) as of Q2 2025, up from 410 in Q1 2025.
- Funds reported $7.73B of Five Below stock for Q2 2025, up 81% quarter-over-quarter.
- 111 funds opened new Five Below positions in Q2 2025 and 56 closed out, a net change of +55 holders.
- The largest Five Below buyer in Q2 2025 was D.E. Shaw & Co, an estimated $245M added.
- The largest Five Below seller in Q2 2025 was Fidelity International, an estimated $92.5M sold.
Based on aggregated 13F filings for Q2 2025.