Stitch Fix
SFIX
184 hedge funds and large institutions have $844M invested in Stitch Fix in 2019 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 62 increasing their positions, 44 reducing their positions, and 30 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
75% more capital invested
Capital invested by funds: $482M → $844M (+$362M)
63% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 30
41% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 44
14% more call options, than puts
Call options by funds: $55.3M | Put options by funds: $48.8M
11% more funds holding
Funds holding: 166 → 184 (+18)
0.33% less ownership
Funds ownership: 67.13% → 66.8% (-0.33%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$25.2M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
+$19.9M |
| 3 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$17.9M |
| 4 |
D.E. Shaw & Co
New York
|
+$17.6M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$16.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$46.1M |
| 2 |
Renaissance Technologies
New York
|
-$21.9M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$14.6M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$8.9M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$4.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
201
Edge Wealth Management
New York
| – | -$17K | -1,000 | Closed |
|
|
RWA
202
River Wealth Advisors
Camp Hill,
Pennsylvania
| – | -$17K | -1,000 | Closed |
|
|
1IA
203
1834 Investment Advisors
Milwaukee,
Wisconsin
| – | -$14K | -800 | Closed |
|
|
JA
204
JOYN Advisors
Atlanta,
Georgia
| – | -$10K | -600 | Closed |
|
|
PCG
205
Private Capital Group
West Hartford,
Connecticut
| – | -$9K | -500 | Closed |
|
|
NFG
206
Next Financial Group
Houston,
Texas
| – | -$7K | -417 | Closed |
|
|
ER
207
Enlightenment Research
Miami,
Florida
| – | -$7K | -400 | Closed |
|
|
NSIM
208
North Star Investment Management
Chicago,
Illinois
| – | -$5K | -300 | Closed |
|
|
SIAS
209
Shine Investment Advisory Services
Lone Tree,
Colorado
| – | -$5K | -300 | Closed |
|
210
Fidelity Investments
Boston,
Massachusetts
| – | -$4K | -220 | Closed |
|
211
Ameriprise
Minneapolis,
Minnesota
| – | -$3K | -153 | Closed |
|
|
SGS
212
Sterling Global Strategies
Carlsbad,
California
| – | -$2.05K | -120 | Closed |
|
|
CA
213
Claro Advisors
Boston,
Massachusetts
| – | -$3K | -71 | Closed |
|
SFIX Hedge Fund Activity: Q1 2019 in Review
184 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q1 2019, worth a combined $844M — up 75% from $482M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new SFIX positions and 30 closed out — a net gain of 19 holders — while 62 added to existing stakes and 44 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $25.2M. The largest seller was Light Street Capital Management, cutting an estimated $46.1M.
- 184 institutional investors held Stitch Fix (SFIX) as of Q1 2019, up from 166 in Q4 2018.
- Funds reported $844M of Stitch Fix stock for Q1 2019, up 75% quarter-over-quarter.
- 49 funds opened new Stitch Fix positions in Q1 2019 and 30 closed out, a net change of +19 holders.
- The largest Stitch Fix buyer in Q1 2019 was Morgan Stanley, an estimated $25.2M added.
- The largest Stitch Fix seller in Q1 2019 was Light Street Capital Management, an estimated $46.1M sold.
Based on aggregated 13F filings for Q1 2019.