Stitch Fix
SFIX
178 hedge funds and large institutions have $577M invested in Stitch Fix in 2020 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 61 increasing their positions, 46 reducing their positions, and 64 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 46
7% less call options, than puts
Call options by funds: $32.6M | Put options by funds: $35.1M
7.27% less ownership
Funds ownership: 86.3% → 79.03% (-7.3%)
15% less funds holding
Funds holding: 209 → 178 (-31)
44% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 64
53% less capital invested
Capital invested by funds: $1.23B → $577M (-$654M)
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
+$48.1M |
| 2 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$18.1M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
+$9.51M |
| 4 |
Goldman Sachs
New York
|
+$8.79M |
| 5 |
DIA
Davidson Investment Advisors
Great Falls,
Montana
|
+$8.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Steadfast Capital Management
New York
|
-$58.2M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$37.8M |
| 3 |
CAM
Contour Asset Management
New York
|
-$24M |
| 4 |
ECM
Engle Capital Management
Greenwich,
Connecticut
|
-$19.8M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$14.8M |
SFIX Hedge Fund Activity: Q1 2020 in Review
178 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q1 2020, worth a combined $577M — down 53% from $1.23B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of SFIX and 36 opened new positions — a net loss of 28 holders — while 46 trimmed existing stakes and 61 added.
The largest buyer was Disciplined Growth Investors, adding an estimated $48.1M. The largest seller was Steadfast Capital Management, exiting entirely with an estimated $58.2M sold.
- 178 institutional investors held Stitch Fix (SFIX) as of Q1 2020, down from 209 in Q4 2019.
- Funds reported $577M of Stitch Fix stock for Q1 2020, down 53% quarter-over-quarter.
- 36 funds opened new Stitch Fix positions in Q1 2020 and 64 closed out, a net change of -28 holders.
- The largest Stitch Fix buyer in Q1 2020 was Disciplined Growth Investors, an estimated $48.1M added.
- The largest Stitch Fix seller in Q1 2020 was Steadfast Capital Management, an estimated $58.2M sold.
Based on aggregated 13F filings for Q1 2020.