Stitch Fix
SFIX
166 hedge funds and large institutions have $482M invested in Stitch Fix in 2018 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 49 increasing their positions, 46 reducing their positions, and 70 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 46
8% less funds holding
Funds holding: 181 → 166 (-15)
12.78% less ownership
Funds ownership: 79.91% → 67.13% (-13%)
20% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 70
30% less call options, than puts
Call options by funds: $19M | Put options by funds: $27.2M
50% less capital invested
Capital invested by funds: $969M → $482M (-$487M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$66.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$48.5M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$43.5M |
| 4 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$41.8M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$28.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hitchwood Capital Management
New York
|
-$61.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$29.6M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$23.9M |
| 4 |
LIM
Lagoda Investment Management
New York
|
-$19.9M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$14.1M |
SFIX Hedge Fund Activity: Q4 2018 in Review
166 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q4 2018, worth a combined $482M — down 50% from $969M a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of SFIX and 56 opened new positions — a net loss of 14 holders — while 46 trimmed existing stakes and 49 added.
The largest buyer was Jackson Square Partners, opening a new position worth an estimated $66.3M. The largest seller was Hitchwood Capital Management, exiting entirely with an estimated $61.3M sold.
- 166 institutional investors held Stitch Fix (SFIX) as of Q4 2018, down from 181 in Q3 2018.
- Funds reported $482M of Stitch Fix stock for Q4 2018, down 50% quarter-over-quarter.
- 56 funds opened new Stitch Fix positions in Q4 2018 and 70 closed out, a net change of -14 holders.
- The largest Stitch Fix buyer in Q4 2018 was Jackson Square Partners, an estimated $66.3M added.
- The largest Stitch Fix seller in Q4 2018 was Hitchwood Capital Management, an estimated $61.3M sold.
Based on aggregated 13F filings for Q4 2018.