Stitch Fix
SFIX
271 hedge funds and large institutions have $2.92B invested in Stitch Fix in 2021 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 72 increasing their positions, 100 reducing their positions, and 54 closing their positions.
35% more call options, than puts
Call options by funds: $157M | Put options by funds: $116M
26% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 54
4% more funds holding
Funds holding: 260 → 271 (+11)
19.61% less ownership
Funds ownership: 105.85% → 86.24% (-20%)
26% less capital invested
Capital invested by funds: $3.91B → $2.92B (-$998M)
28% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 100
80% less funds holding in top 10
Funds holding in top 10: 10 → 2 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Spyglass Capital Management
San Francisco,
California
|
+$140M |
| 2 |
BAMCO Inc
New York
|
+$56.5M |
| 3 |
Morgan Stanley
New York
|
+$55.2M |
| 4 |
WCAU
Working Capital Advisors (UK)
London,
United Kingdom
|
+$49.7M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$43.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Contour Asset Management
New York
|
-$164M |
| 2 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$161M |
| 3 |
SPC
Slate Path Capital
New York
|
-$143M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$119M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$65.5M |
SFIX Hedge Fund Activity: Q1 2021 in Review
271 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q1 2021, worth a combined $2.92B — down 26% from $3.91B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new SFIX positions and 54 closed out — a net gain of 14 holders — while 72 added to existing stakes and 100 trimmed.
The largest buyer was Spyglass Capital Management, opening a new position worth an estimated $140M. The largest seller was Contour Asset Management, cutting an estimated $164M.
- 271 institutional investors held Stitch Fix (SFIX) as of Q1 2021, up from 260 in Q4 2020.
- Funds reported $2.92B of Stitch Fix stock for Q1 2021, down 26% quarter-over-quarter.
- 68 funds opened new Stitch Fix positions in Q1 2021 and 54 closed out, a net change of +14 holders.
- The largest Stitch Fix buyer in Q1 2021 was Spyglass Capital Management, an estimated $140M added.
- The largest Stitch Fix seller in Q1 2021 was Contour Asset Management, an estimated $164M sold.
Based on aggregated 13F filings for Q1 2021.