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SFIX

Stitch Fix
SFIX

152 hedge funds and large institutions have $260M invested in Stitch Fix in 2023 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 43 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

135% more call options, than puts

Call options by funds: $4.85M | Put options by funds: $2.06M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

7% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 43

5.47% less ownership

Funds ownership: 86.37% → 80.9% (-5.5%)

11% less funds holding

Funds holding: 170 → 152 (-18)

11% less capital invested

Capital invested by funds: $294M → $260M (-$33.7M)

52% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 33

Holders
152
Holders Change
-18
Holders Change %
-10.59%
% of All Funds
2.41%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
16
Increased
46
Reduced
43
Closed
33
Calls
$4.85M
Puts
$2.06M
Net Calls
+$2.79M
Net Calls Change
+$917K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$6.35M
2
Jane Street
Jane Street
New York
+$4.32M
3
DCM
Divisar Capital Management
California
+$4M
4
KLC
Kent Lake Capital
Nevada
+$3.4M
5
Renaissance Technologies
Renaissance Technologies
New York
+$2.09M

Top Sellers

1
PCR
Potrero Capital Research
California
-$8.29M
2
Two Sigma Investments
Two Sigma Investments
New York
-$3.99M
3
PCM
Patient Capital Management
Maryland
-$3.3M
4
BCM
Bridgeway Capital Management
Texas
-$3.05M
5
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$2.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
WCAU
1
Working Capital Advisors (UK)
United Kingdom
$41.3M – – –
BlackRock
2
BlackRock
New York
$32M -$555K -138,777 -1%
DGI
3
Disciplined Growth Investors
Minnesota
$21.4M +$301K +75,163 +1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$20.2M +$928K +231,975 +4%
DCM
5
Divisar Capital Management
California
$16.3M +$4M +999,257 +27%
Renaissance Technologies
6
Renaissance Technologies
New York
$9.56M +$2.09M +522,108 +23%
PCR
7
Potrero Capital Research
California
$8.5M -$8.29M -2,073,762 -46%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$6.76M +$745K +186,297 +11%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$6.75M +$61K +15,266 +0.8%
Charles Schwab
10
Charles Schwab
California
$6.63M +$868K +216,988 +13%
N
11
Nuveen
North Carolina
$6.21M +$51.3K +12,835 +0.7%
Millennium Management
12
Millennium Management
New York
$6.17M +$6.35M +1,588,195 +792%
State Street
13
State Street
Massachusetts
$6.08M +$628K +157,000 +10%
Morgan Stanley
14
Morgan Stanley
New York
$5.99M +$1.85M +462,890 +36%
Coatue Management
15
Coatue Management
New York
$4.63M – – –
Jane Street
16
Jane Street
New York
$4.3M +$4.32M +1,080,148 +650%
CCPM
17
Cooper Creek Partners Management
New York
$3.93M – – –
D.E. Shaw & Co
18
D.E. Shaw & Co
New York
$3.66M -$1.27M -317,239 -23%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$3.51M -$1.66M -414,900 -29%
KLC
20
Kent Lake Capital
Nevada
$2.93M +$3.4M +850,000 New
Northern Trust
21
Northern Trust
Illinois
$2.67M +$106K +26,623 +4%
SOMRS
22
State of Michigan Retirement System
Michigan
$2.34M – – –
Man Group
23
Man Group
United Kingdom
$2.18M -$2.46M -615,694 Closed
Two Sigma Investments
24
Two Sigma Investments
New York
$1.95M -$3.99M -996,827 -64%
CSS
25
Cubist Systematic Strategies
Connecticut
$1.94M +$210K +52,595 +10%
1
2 3 4 5

SFIX Hedge Fund Activity: Q3 2023 in Review

152 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Stitch Fix (SFIX) for Q3 2023, worth a combined $260M — down 11% from $294M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of SFIX and 16 opened new positions — a net loss of 17 holders — while 43 trimmed existing stakes and 46 added.

The largest buyer was Millennium Management, adding an estimated $6.35M. The largest seller was Potrero Capital Research, cutting an estimated $8.29M.

  • 152 institutional investors held Stitch Fix (SFIX) as of Q3 2023, down from 170 in Q2 2023.
  • Funds reported $260M of Stitch Fix stock for Q3 2023, down 11% quarter-over-quarter.
  • 16 funds opened new Stitch Fix positions in Q3 2023 and 33 closed out, a net change of -17 holders.
  • The largest Stitch Fix buyer in Q3 2023 was Millennium Management, an estimated $6.35M added.
  • The largest Stitch Fix seller in Q3 2023 was Potrero Capital Research, an estimated $8.29M sold.

Based on aggregated 13F filings for Q3 2023.