Five Below
FIVE
633 hedge funds and large institutions have $12.7B invested in Five Below in 2026 Q1 according to their latest regulatory filings, with 150 funds opening new positions, 241 increasing their positions, 179 reducing their positions, and 64 closing their positions.
134% more first-time investments, than exits
New positions opened: 150 | Existing positions closed: 64
35% more repeat investments, than reductions
Existing positions increased: 241 | Existing positions reduced: 179
18% more capital invested
Capital invested by funds: $10.7B → $12.7B (+$1.94B)
14% more funds holding
Funds holding: 553 → 633 (+80)
13% more funds holding in top 10
Funds holding in top 10: 16 → 18 (+2)
2.75% less ownership
Funds ownership: 103.15% → 100.41% (-2.7%)
67% less call options, than puts
Call options by funds: $109M | Put options by funds: $335M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$216M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$159M |
| 3 |
SIM
SRS Investment Management
New York
|
+$151M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$101M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$108M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$107M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$107M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$94.4M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$94.2M |
FIVE Hedge Fund Activity: Q1 2026 in Review
633 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Five Below (FIVE) for Q1 2026, worth a combined $12.7B — up 18% from $10.7B a quarter earlier.
Buyers outnumbered sellers: 150 funds opened new FIVE positions and 64 closed out — a net gain of 86 holders — while 241 added to existing stakes and 179 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $216M. The largest seller was D.E. Shaw & Co, cutting an estimated $108M.
- 633 institutional investors held Five Below (FIVE) as of Q1 2026, up from 553 in Q4 2025.
- Funds reported $12.7B of Five Below stock for Q1 2026, up 18% quarter-over-quarter.
- 150 funds opened new Five Below positions in Q1 2026 and 64 closed out, a net change of +86 holders.
- The largest Five Below buyer in Q1 2026 was Two Sigma Investments, an estimated $216M added.
- The largest Five Below seller in Q1 2026 was D.E. Shaw & Co, an estimated $108M sold.
Based on aggregated 13F filings for Q1 2026.