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SFIX

Stitch Fix
SFIX

173 hedge funds and large institutions have $408M invested in Stitch Fix in 2023 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 50 increasing their positions, 48 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

88% more call options, than puts

Call options by funds: $7.15M | Put options by funds: $3.81M

73% more capital invested

Capital invested by funds: $237M → $408M (+$172M)

1.37% more ownership

Funds ownership: 89.3% → 90.67% (+1.4%)

4% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 48

7% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 28

2% less funds holding

Funds holding: 176 → 173 (-3)

Holders
173
Holders Change
-3
Holders Change %
-1.7%
% of All Funds
2.76%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.05%
New
26
Increased
50
Reduced
48
Closed
28
Calls
$7.15M
Puts
$3.81M
Net Calls
+$3.34M
Net Calls Change
-$2.29M

Top Buyers

1
PCR
Potrero Capital Research
California
+$11M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$8.41M
3
DGI
Disciplined Growth Investors
Minnesota
+$7.01M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$6.93M
5
Coatue Management
Coatue Management
New York
+$6.29M

Top Sellers

1
Federated Hermes
Federated Hermes
Pennsylvania
-$8.45M
2
Renaissance Technologies
Renaissance Technologies
New York
-$6.43M
3
Goldman Sachs
Goldman Sachs
New York
-$5.33M
4
MVP
Miller Value Partners
Florida
-$4.72M
5
Man Group
Man Group
United Kingdom
-$4.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
SOMRS
26
State of Michigan Retirement System
Michigan
$3.46M -$1.41M -300,000 -31%
Bank of America
27
Bank of America
North Carolina
$3.3M +$1.02M +218,506 +51%
PCM
28
Patient Capital Management
Maryland
$3.26M -$114K -24,250 -4%
BGIM
29
Brandywine Global Investment Management
Pennsylvania
$3.12M +$2.86M +610,764 New
Goldman Sachs
30
Goldman Sachs
New York
$3.06M -$5.33M -1,137,276 -65%
PCM
31
Prentice Capital Management
Connecticut
$2.8M +$2.34M +499,867 +1,024%
CCM
32
Chimera Capital Management
New York
$2.39M -$652K -139,288 -23%
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$1.81M +$1.37M +293,096 +473%
Barclays
34
Barclays
United Kingdom
$1.76M +$246K +52,545 +18%
Invesco
35
Invesco
Georgia
$1.64M +$572K +122,134 +61%
Chevy Chase Trust
36
Chevy Chase Trust
Maryland
$1.57M +$112K +24,011 +9%
Federated Hermes
37
Federated Hermes
Pennsylvania
$1.56M -$8.45M -1,804,510 -86%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$1.45M +$35.1K +7,488 +3%
NP
39
NorthRock Partners
Minnesota
$1.32M +$239K +50,943 +25%
AG
40
Algert Global
California
$1.25M +$1.15M +245,658 New
CSS
41
Cubist Systematic Strategies
Connecticut
$1.23M +$835K +178,193 +285%
UBS Group
42
UBS Group
Switzerland
$1.15M -$818K -174,743 -44%
Axa
43
Axa
France
$1.11M – – –
Deutsche Bank
44
Deutsche Bank
Germany
$1.11M -$402K -85,900 -28%
TC
45
TwinBeech Capital
New York
$1.11M +$344K +73,466 +51%
AQR Capital Management
46
AQR Capital Management
Connecticut
$1.05M -$1.76M -375,233 -65%
Citadel Advisors
47
Citadel Advisors
Florida
$1.02M -$3.74M -799,111 -80%
Swiss National Bank
48
Swiss National Bank
Switzerland
$942K -$56.2K -12,000 -6%
VRS
49
Virginia Retirement Systems
Virginia
$858K -$170K -36,300 -18%
BFM
50
Boothbay Fund Management
New York
$798K +$223K +47,536 +44%
1
2
3 4 5

SFIX Hedge Fund Activity: Q1 2023 in Review

173 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q1 2023, worth a combined $408M — up 73% from $237M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of SFIX and 26 opened new positions — a net loss of 2 holders — while 48 trimmed existing stakes and 50 added.

The largest buyer was Potrero Capital Research, adding an estimated $11M. The largest seller was Federated Hermes, cutting an estimated $8.45M.

  • 173 institutional investors held Stitch Fix (SFIX) as of Q1 2023, down from 176 in Q4 2022.
  • Funds reported $408M of Stitch Fix stock for Q1 2023, up 73% quarter-over-quarter.
  • 26 funds opened new Stitch Fix positions in Q1 2023 and 28 closed out, a net change of -2 holders.
  • The largest Stitch Fix buyer in Q1 2023 was Potrero Capital Research, an estimated $11M added.
  • The largest Stitch Fix seller in Q1 2023 was Federated Hermes, an estimated $8.45M sold.

Based on aggregated 13F filings for Q1 2023.