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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$6.35M |
| 2 |
Jane Street
New York
|
+$4.32M |
| 3 |
DCM
Divisar Capital Management
San Francisco,
California
|
+$4M |
| 4 |
KLC
Kent Lake Capital
Reno,
Nevada
|
+$3.4M |
| 5 |
Renaissance Technologies
New York
|
+$2.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCR
Potrero Capital Research
San Francisco,
California
|
-$8.29M |
| 2 |
Two Sigma Investments
New York
|
-$3.99M |
| 3 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
-$3.3M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$3.05M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$2.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFGS
176
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$1.2K | -300 | Closed |
|
|
IGWM
177
ICA Group Wealth Management
Denver,
Colorado
| – | -$1K | -260 | Closed |
|
|
HCM
178
Hollencrest Capital Management
Newport Beach,
California
| – | -$800 | -200 | Closed |
|
|
GRP
179
Global Retirement Partners
San Rafael,
California
| – | -$385 | -100 | Closed |
|
180
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$200 | -52 | Closed |
|
|
CYG
181
Clean Yield Group
Norwich,
Vermont
| – | -$166 | -43 | Closed |
|
|
WP
182
WealthPLAN Partners
Omaha,
Nebraska
| – | -$77 | -20 | Closed |
|
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.