Stitch Fix
SFIX
192 hedge funds and large institutions have $826M invested in Stitch Fix in 2019 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 77 increasing their positions, 41 reducing their positions, and 60 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 41
5.22% more ownership
Funds ownership: 79.98% → 85.2% (+5.2%)
9% less funds holding
Funds holding: 211 → 192 (-19)
19% less call options, than puts
Call options by funds: $119M | Put options by funds: $146M
32% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 60
35% less capital invested
Capital invested by funds: $1.28B → $826M (-$453M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| 1 |
CAM
Contour Asset Management
New York
|
+$22M |
| 2 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$17.8M |
| 3 |
JP Morgan Chase
New York
|
+$16.8M |
| 4 |
BlackRock
New York
|
+$12.6M |
| 5 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$11M |
Top Sellers
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$30.4M |
| 2 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
-$25.9M |
| 3 |
Two Sigma Investments
New York
|
-$18.2M |
| 4 |
Two Sigma Advisers
New York
|
-$18.1M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$11.5M |
SFIX Hedge Fund Activity: Q3 2019 in Review
192 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q3 2019, worth a combined $826M — down 35% from $1.28B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of SFIX and 41 opened new positions — a net loss of 19 holders — while 41 trimmed existing stakes and 77 added.
The largest buyer was Contour Asset Management, adding an estimated $22M. The largest seller was Park West Asset Management, exiting entirely with an estimated $30.4M sold.
- 192 institutional investors held Stitch Fix (SFIX) as of Q3 2019, down from 211 in Q2 2019.
- Funds reported $826M of Stitch Fix stock for Q3 2019, down 35% quarter-over-quarter.
- 41 funds opened new Stitch Fix positions in Q3 2019 and 60 closed out, a net change of -19 holders.
- The largest Stitch Fix buyer in Q3 2019 was Contour Asset Management, an estimated $22M added.
- The largest Stitch Fix seller in Q3 2019 was Park West Asset Management, an estimated $30.4M sold.
Based on aggregated 13F filings for Q3 2019.