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SFIX

Stitch Fix
SFIX

152 hedge funds and large institutions have $260M invested in Stitch Fix in 2023 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 43 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

135% more call options, than puts

Call options by funds: $4.85M | Put options by funds: $2.06M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

7% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 43

5.47% less ownership

Funds ownership: 86.37% → 80.9% (-5.5%)

11% less funds holding

Funds holding: 170 → 152 (-18)

11% less capital invested

Capital invested by funds: $294M → $260M (-$33.7M)

52% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 33

Holders
152
Holders Change
-18
Holders Change %
-10.59%
% of All Funds
2.41%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
16
Increased
46
Reduced
43
Closed
33
Calls
$4.85M
Puts
$2.06M
Net Calls
+$2.79M
Net Calls Change
+$917K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$6.35M
2
Jane Street
Jane Street
New York
+$4.32M
3
DCM
Divisar Capital Management
California
+$4M
4
KLC
Kent Lake Capital
Nevada
+$3.4M
5
Renaissance Technologies
Renaissance Technologies
New York
+$2.09M

Top Sellers

1
PCR
Potrero Capital Research
California
-$8.29M
2
Two Sigma Investments
Two Sigma Investments
New York
-$3.99M
3
PCM
Patient Capital Management
Maryland
-$3.3M
4
BCM
Bridgeway Capital Management
Texas
-$3.05M
5
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$2.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
26
Clearline Capital
New York
$1.82M – – –
BCM
27
Bridgeway Capital Management
Texas
$1.76M -$3.05M -762,292 -60%
AQR Capital Management
28
AQR Capital Management
Connecticut
$1.72M +$1.49M +371,771 +293%
Jacobs Levy Equity Management
29
Jacobs Levy Equity Management
New Jersey
$1.69M -$2.8M -701,287 -59%
FGAM
30
Financial Gravity Asset Management
Texas
$1.6M +$133K +33,300 +1,800%
UBS Group
31
UBS Group
Switzerland
$1.29M +$29.5K +7,389 +2%
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$1.27M -$295K -73,675 -17%
EIM
33
Essex Investment Management
Massachusetts
$1.18M +$1.37M +342,529 New
Goldman Sachs
34
Goldman Sachs
New York
$1.13M -$126K -31,556 -9%
Invesco
35
Invesco
Georgia
$1.1M +$5.94K +1,486 +0.5%
Bank of New York Mellon
36
Bank of New York Mellon
New York
$958K -$24.9K -6,240 -2%
JF
37
Jump Financial
Illinois
$867K +$430K +107,525 +75%
Citadel Advisors
38
Citadel Advisors
Florida
$866K -$1.24M -310,150 -55%
Bank of America
39
Bank of America
North Carolina
$711K -$19.6K -4,892 -2%
VRS
40
Virginia Retirement Systems
Virginia
$663K +$137K +34,300 +22%
State of Wisconsin Investment Board
41
State of Wisconsin Investment Board
Wisconsin
$603K -$95.3K -23,842 -12%
Russell Investments Group
42
Russell Investments Group
United Kingdom
$578K -$207K -51,663 -24%
Fidelity Investments
43
Fidelity Investments
Massachusetts
$561K +$4.26K +1,066 +0.7%
Swiss National Bank
44
Swiss National Bank
Switzerland
$536K +$14.8K +3,700 +2%
CAM
45
ClariVest Asset Management
California
$511K – – –
LCM
46
Legato Capital Management
California
$446K +$517K +129,180 New
AllianceBernstein
47
AllianceBernstein
Tennessee
$441K +$4 +1 +0%
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$431K -$34K -8,501 -6%
Tudor Investment Corp
49
Tudor Investment Corp
Connecticut
$430K -$690K -172,476 -58%
CS
50
Credit Suisse
Switzerland
$424K -$20.2K -5,048 -4%
1
2
3 4 5

SFIX Hedge Fund Activity: Q3 2023 in Review

152 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q3 2023, worth a combined $260M — down 11% from $294M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of SFIX and 16 opened new positions — a net loss of 17 holders — while 43 trimmed existing stakes and 46 added.

The largest buyer was Millennium Management, adding an estimated $6.35M. The largest seller was Potrero Capital Research, cutting an estimated $8.29M.

  • 152 institutional investors held Stitch Fix (SFIX) as of Q3 2023, down from 170 in Q2 2023.
  • Funds reported $260M of Stitch Fix stock for Q3 2023, down 11% quarter-over-quarter.
  • 16 funds opened new Stitch Fix positions in Q3 2023 and 33 closed out, a net change of -17 holders.
  • The largest Stitch Fix buyer in Q3 2023 was Millennium Management, an estimated $6.35M added.
  • The largest Stitch Fix seller in Q3 2023 was Potrero Capital Research, an estimated $8.29M sold.

Based on aggregated 13F filings for Q3 2023.