Stitch Fix
SFIX
170 hedge funds and large institutions have $294M invested in Stitch Fix in 2023 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 52 increasing their positions, 35 reducing their positions, and 39 closing their positions.
76% more call options, than puts
Call options by funds: $4.33M | Put options by funds: $2.46M
49% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 35
5% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 39
2% less funds holding
Funds holding: 173 → 170 (-3)
4.3% less ownership
Funds ownership: 90.67% → 86.37% (-4.3%)
28% less capital invested
Capital invested by funds: $408M → $294M (-$114M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Divisar Capital Management
San Francisco,
California
|
+$9.66M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$4.51M |
| 3 |
BlackRock
New York
|
+$4.51M |
| 4 |
Renaissance Technologies
New York
|
+$4.15M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$16.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.41M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$7.56M |
| 4 |
Millennium Management
New York
|
-$7.35M |
| 5 |
NM
Newtyn Management
New York
|
-$4.91M |
SFIX Hedge Fund Activity: Q2 2023 in Review
170 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q2 2023, worth a combined $294M — down 28% from $408M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of SFIX and 37 opened new positions — a net loss of 2 holders — while 35 trimmed existing stakes and 52 added.
The largest buyer was Divisar Capital Management, adding an estimated $9.66M. The largest seller was Miller Value Partners, exiting entirely with an estimated $16.5M sold.
- 170 institutional investors held Stitch Fix (SFIX) as of Q2 2023, down from 173 in Q1 2023.
- Funds reported $294M of Stitch Fix stock for Q2 2023, down 28% quarter-over-quarter.
- 37 funds opened new Stitch Fix positions in Q2 2023 and 39 closed out, a net change of -2 holders.
- The largest Stitch Fix buyer in Q2 2023 was Divisar Capital Management, an estimated $9.66M added.
- The largest Stitch Fix seller in Q2 2023 was Miller Value Partners, an estimated $16.5M sold.
Based on aggregated 13F filings for Q2 2023.