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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
BAM
151
Belpointe Asset Management
Nevada
$853 – – –
IGWM
152
ICA Group Wealth Management
Colorado
$818 – – –
VCM
153
Versant Capital Management
Arizona
$738 +$721 +154 New
IAIM
154
International Assets Investment Management
Florida
$669 +$614 +131 New
FP
155
Financial Perspectives
Minnesota
$511 – – –
WBC
156
West Branch Capital
Massachusetts
$511 – – –
GRP
157
Global Retirement Partners
California
$312 – – –
NA
158
NewEdge Advisors
Louisiana
$302 – – –
BWA
159
BDO Wealth Advisors
Florida
$256 – – –
S
160
SignatureFD
Georgia
$225 +$112 +24 +120%
CYG
161
Clean Yield Group
Vermont
$220 – – –
DI
162
Disciplined Investments
Oklahoma
$199 +$183 +39 New
ASN
163
Advisory Services Network
Georgia
$123 -$1.87K -400 -94%
AWM
164
Abound Wealth Management
Tennessee
$113 – – –
MPWT
165
MassMutual Private Wealth & Trust
Connecticut
$102 +$94 +20 New
RA
166
Rise Advisors
New York
$51 – – –
EI
167
Ellevest Inc
New York
$31 +$28 +6 New
SSB
168
Sandy Spring Bank
Maryland
$26 – – –
TCM
169
TD Capital Management
Tennessee
$26 – – –
DSC
170
Duncker Streett & Co
Missouri
$20 – – –
FGAM
171
Financial Gravity Asset Management
Texas
$20 +$18.6K +3,964 New
TAM
172
Tucker Asset Management
Colorado
$15 – – –
Walleye Capital
173
Walleye Capital
New York
– -$1.07M -342,776 Closed
IAM
174
Innovis Asset Management
Illinois
– -$560K -180,069 Closed
XT
175
XTX Topco
Cayman Islands
– -$418K -134,334 Closed
4 5 6
7
8

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.