Stitch Fix
SFIX
181 hedge funds and large institutions have $969M invested in Stitch Fix in 2018 Q3 according to their latest regulatory filings, with 89 funds opening new positions, 48 increasing their positions, 38 reducing their positions, and 25 closing their positions.
256% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 25
66% more capital invested
Capital invested by funds: $582M → $969M (+$386M)
55% more funds holding
Funds holding: 117 → 181 (+64)
35% more call options, than puts
Call options by funds: $84.6M | Put options by funds: $62.9M
26% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 38
3.37% more ownership
Funds ownership: 76.54% → 79.91% (+3.4%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$41.6M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$24.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$23.4M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$19.9M |
| 5 |
HCM
Hitchwood Capital Management
New York
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$52.1M |
| 2 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$17.9M |
| 3 |
Two Sigma Investments
New York
|
-$14.4M |
| 4 |
SCM
Steadfast Capital Management
New York
|
-$11M |
| 5 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$9.97M |
SFIX Hedge Fund Activity: Q3 2018 in Review
181 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q3 2018, worth a combined $969M — up 66% from $582M a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new SFIX positions and 25 closed out — a net gain of 64 holders — while 48 added to existing stakes and 38 trimmed.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $41.6M. The largest seller was Light Street Capital Management, cutting an estimated $52.1M.
- 181 institutional investors held Stitch Fix (SFIX) as of Q3 2018, up from 117 in Q2 2018.
- Funds reported $969M of Stitch Fix stock for Q3 2018, up 66% quarter-over-quarter.
- 89 funds opened new Stitch Fix positions in Q3 2018 and 25 closed out, a net change of +64 holders.
- The largest Stitch Fix buyer in Q3 2018 was Renaissance Technologies, an estimated $41.6M added.
- The largest Stitch Fix seller in Q3 2018 was Light Street Capital Management, an estimated $52.1M sold.
Based on aggregated 13F filings for Q3 2018.