Stitch Fix
SFIX
208 hedge funds and large institutions have $1.55B invested in Stitch Fix in 2020 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 56 increasing their positions, 66 reducing their positions, and 46 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
17% more capital invested
Capital invested by funds: $1.33B → $1.55B (+$221M)
3.27% more ownership
Funds ownership: 93% → 96.26% (+3.3%)
0% more funds holding
Funds holding: 208 → 208 (0)
0% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 46
7% less call options, than puts
Call options by funds: $152M | Put options by funds: $163M
15% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Slate Path Capital
New York
|
+$65.9M |
| 2 |
Bank of New York Mellon
New York
|
+$29M |
| 3 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$17.3M |
| 4 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$15.4M |
| 5 |
DK
Darrell & King
Charlottesville,
Virginia
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NPCM
North Peak Capital Management
New York
|
-$24.7M |
| 2 |
Coatue Management
New York
|
-$23.4M |
| 3 |
Morgan Stanley
New York
|
-$15.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$12.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$12.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Simplex Trading
Chicago,
Illinois
| – | +$271K | +10,570 | +15% |
|
SFIX Hedge Fund Activity: Q3 2020 in Review
208 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q3 2020, worth a combined $1.55B — up 17% from $1.33B a quarter earlier.
Fund positioning in SFIX was balanced in Q3 2020: 46 funds opened new positions, 46 closed out, 56 added to existing stakes and 66 trimmed.
The largest buyer was Slate Path Capital, opening a new position worth an estimated $65.9M. The largest seller was North Peak Capital Management, exiting entirely with an estimated $24.7M sold.
- 208 institutional investors held Stitch Fix (SFIX) as of Q3 2020, unchanged from Q2 2020.
- Funds reported $1.55B of Stitch Fix stock for Q3 2020, up 17% quarter-over-quarter.
- 46 funds opened new Stitch Fix positions in Q3 2020 and 46 closed out, a net change of 0 holders.
- The largest Stitch Fix buyer in Q3 2020 was Slate Path Capital, an estimated $65.9M added.
- The largest Stitch Fix seller in Q3 2020 was North Peak Capital Management, an estimated $24.7M sold.
Based on aggregated 13F filings for Q3 2020.