Stitch Fix
SFIX
172 hedge funds and large institutions have $408M invested in Stitch Fix in 2023 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 49 increasing their positions, 48 reducing their positions, and 28 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
88% more call options, than puts
Call options by funds: $7.15M | Put options by funds: $3.81M
73% more capital invested
Capital invested by funds: $237M → $408M (+$172M)
1.57% more ownership
Funds ownership: 89.09% → 90.66% (+1.6%)
2% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 48
7% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 28
2% less funds holding
Funds holding: 175 → 172 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCR
Potrero Capital Research
San Francisco,
California
|
+$11M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.41M |
| 3 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
+$7.01M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$6.93M |
| 5 |
Coatue Management
New York
|
+$6.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$8.45M |
| 2 |
Renaissance Technologies
New York
|
-$6.43M |
| 3 |
Goldman Sachs
New York
|
-$5.33M |
| 4 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$4.72M |
| 5 |
Man Group
London,
United Kingdom
|
-$4.69M |
SFIX Hedge Fund Activity: Q1 2023 in Review
172 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q1 2023, worth a combined $408M — up 73% from $237M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of SFIX and 26 opened new positions — a net loss of 2 holders — while 48 trimmed existing stakes and 49 added.
The largest buyer was Potrero Capital Research, adding an estimated $11M. The largest seller was Federated Hermes, cutting an estimated $8.45M.
- 172 institutional investors held Stitch Fix (SFIX) as of Q1 2023, down from 175 in Q4 2022.
- Funds reported $408M of Stitch Fix stock for Q1 2023, up 73% quarter-over-quarter.
- 26 funds opened new Stitch Fix positions in Q1 2023 and 28 closed out, a net change of -2 holders.
- The largest Stitch Fix buyer in Q1 2023 was Potrero Capital Research, an estimated $11M added.
- The largest Stitch Fix seller in Q1 2023 was Federated Hermes, an estimated $8.45M sold.
Based on aggregated 13F filings for Q1 2023.