Five Below

FIVE • NASDAQ

Five Below is a specialty retail company in the consumer cyclical sector on NASDAQ, led by Winnie Park, with a market cap of $10.1B. As of Q3 2025, 104% of shares are held by 492 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.75%.

President and Chief Executive OfficerWinnie Park

Market Cap$10.1B

Specialty Retail

Consumer Cyclical

Employees22.0K

Websitefivebelow.com

Country

United States of America

Overview

Overview of institutional ownership in FIVE as of Q3 2025 with a market cap of $8.5B

All Institutions

Institutions: 492
Value Held: $8.9B
Shares Held: 57.5M
Avg Position: $18.1M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 75
Value Held: $1.5B
Shares Held: 9.6M
Avg Position: $19.8M
Median Position: $6.9M

Ownership Breakdown

Institutional (non-HF)

86.91%

$7.4B

Hedge Funds

17.43%

$1.5B

Retail & Other

Based on market cap of $8.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FIVE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$831.7M 0.01% of portfolio	9.75% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$773.9M 0.01% of portfolio	9.07% 5.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$346.0M 0.02% of portfolio	4.06% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
D D. E. Shaw & Co., Inc. Institution	-	$321.2M 0.28% of portfolio	3.77% 2.1M shares	Q3 2016 Held for 9y 2m	$115.81B
A AMERICAN CENTURY COMPANIES INC Institution	-	$289.8M 0.15% of portfolio	3.40% 1.9M shares	Q3 2018 Held for 7y 2m	$195.93B
UBS Group AG Institution	Sergio P. Ermotti CEO	$265.1M 0.05% of portfolio	3.11% 1.7M shares	Q4 2014 Held for 10y 11m	$511.54B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$259.0M 0.01% of portfolio	3.04% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	$230.9M 1.24% of portfolio	2.71% 1.5M shares	Q3 2015 Held for 10y 2m	$18.6B
FEDERATED INVESTORS INC /PA/ Long Only Manager	Gregory Philip Dulski Chairman	$226.3M 0.40% of portfolio	2.65% 1.5M shares	Q4 2017 Held for 7y 11m	$56.6B
C Capital World Investors Institution	-	$209.5M 0.03% of portfolio	2.46% 1.4M shares	Q2 2018 Held for 7y 5m	$730.00B

Net Capital Flow

Institutional buying and selling activity for FIVE in Q3 2025

Traded: −$46.6M
Buyers: 296
Sellers: 187
Total Bought: +$1.3B
Total Sold: −$1.3B
Avg Position: $16.4M

Biggest Buyers

Institution	Net Bought	Current Position
JENNISON ASSOCIATES LLC Long Only Manager	+$101.3M +654.8K shares	$126.8M 819.5K shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	+$78.6M +508.2K shares	$78.6M 508.2K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$78.5M +507.5K shares	$131.2M 848.1K shares
MORGAN STANLEY RIA/Wealth	+$55.8M +360.5K shares	$140.6M 908.7K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$51.5M +332.6K shares	$289.8M 1.9M shares
Invesco Ltd. ETF Provider	+$50.8M +328.4K shares	$65.9M 426.0K shares
GOLDMAN SACHS GROUP INC Institution	+$46.9M +303.2K shares	$90.3M 583.7K shares
PRUDENTIAL FINANCIAL INC Institution	+$46.2M +298.6K shares	$55.4M 357.8K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$40.1M +258.9K shares	$40.1M 258.9K shares
BANK OF MONTREAL /CAN/ Institution	+$39.6M +255.9K shares	$41.8M 270.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
D D. E. Shaw & Co., Inc. Institution	−$125.0M −808.0K shares	$321.2M 2.1M shares
F FIL Ltd Institution	−$117.4M −758.6K shares	$72.2M 466.4K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$88.6M −572.4K shares	$15.0M 96.9K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$84.1M −543.7K shares	$61.9M 400.3K shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	−$70.6M −456.6K shares	$60.2M 389.3K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$68.5M −442.9K shares	$128.6M 831.2K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	−$63.7M −411.7K shares	$9.2M 59.8K shares
E Ensign Peak Advisors, Inc Institution	−$49.8M −321.6K shares	$5.7M 36.7K shares
B BlackRock, Inc. Institution	−$48.1M −310.7K shares	$773.9M 5.0M shares
Capital Research Global Investors RIA/Wealth	−$41.9M −319.2K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FIVE in Q3 2025

New Positions: 36
New Value: $108.4M
Exited Positions: 52
Exited Value: $157.9M

New Positions

Institution	Position Value
Hood River Capital Management LLC Long Only Manager	$32.3M 208.8K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$24.1M 155.5K shares
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	$24.0M 155.0K shares
Pembroke Management, LTD Long Only Manager	$7.4M 48.0K shares
Western Standard, LLC Hedge Fund•Long/Short	$6.3M 40.6K shares
E Estate Counselors, LLC Institution	$3.8M 24.3K shares
Williamson Legacy Group, LLC RIA/Wealth	$1.9M 12.4K shares
Morningstar Investment Management LLC Long Only Manager	$1.4M 9.2K shares
Highview Capital Management LLC/DE/ RIA/Wealth	$1.2M 7.8K shares
SIERRA SUMMIT ADVISORS LLC RIA/Wealth	$978.5K 6.3K shares

Exited Positions

Institution	Previous Position
Capital Research Global Investors RIA/Wealth	$41.9M 319.2K shares
Trexquant Investment LP Hedge Fund•Quant	$19.2M 146.7K shares
I ING GROEP NV Institution	$18.4M 140.1K shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	$14.5M 110.4K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$9.3M 71.1K shares
F Fund 1 Investments, LLC Institution	$6.0M 45.5K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$5.8M 44.6K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$5.2M 40.0K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$4.5M 34.1K shares
F FORA Capital, LLC Hedge Fund•Quant	$3.9M 29.6K shares

Options Activity

Institutions with the largest Call and Put options positions in FIVE as of Q3 2025

Call Positions: 25
Call Value: $253.2M
Put Positions: 24
Put Value: $139.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$54.2M 3.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$46.8M 3.0K contracts
J JANE STREET GROUP, LLC Institution	$37.5M 2.4K contracts
UBS Group AG Institution	$25.0M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$17.1M 1.1K contracts
D D. E. Shaw & Co., Inc. Institution	$15.6M 1.0K contracts
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$15.5M 1.0K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.5M 550.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.0M 517.0 contracts
Walleye Trading LLC RIA/Wealth	$6.3M 410.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$49.1M 3.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$25.0M 1.6K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$10.8M 700.0 contracts
BARCLAYS PLC Institution	$6.9M 444.0 contracts
Q Qube Research & Technologies Ltd Institution	$6.7M 432.0 contracts
Walleye Trading LLC RIA/Wealth	$6.6M 425.0 contracts
D D. E. Shaw & Co., Inc. Institution	$5.9M 383.0 contracts
W WOLVERINE TRADING, LLC Institution	$5.7M 370.0 contracts
P PEAK6 LLC Institution	$5.4M 346.0 contracts
J JANE STREET GROUP, LLC Institution	$4.0M 259.0 contracts

Most Committed Institutions

Institutions with FIVE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Pacifica Capital Investments, LLC RIA/Wealth	Kari Nadine Lambert CEO	30.31% $111.6M	1.31% 721.2K shares	Q2 2015 Held for 10y 5m	$368.1M
Ampfield Management, L.P. Hedge Fund•Long/Short	Emerson Anthony Somers Moore Partner	21.48% $19.3M	0.23% 124.6K shares	Q1 2021 Held for 4y 8m	$89.7M
H Hook Mill Capital Partners, LP Institution	-	7.39% $81.4M	0.95% 526.3K shares	Q1 2024 Held for 1y 8m	$1.1B
Tabor Asset Management, LP Hedge Fund•Long/Short	Ankur Jain President	6.49% $10.7M	0.13% 69.2K shares	Q1 2024 Held for 1y 8m	$165.0M
P Panoramic Capital, LLC Hedge Fund•Long/Short	Irene Lan Chou CFO	5.96% $9.4M	0.11% 60.8K shares	Q4 2024 Held for 11 months	$157.8M
SEMPER AUGUSTUS INVESTMENTS GROUP LLC Family Office	Patrick Olivier Guest CEO	5.96% $47.7M	0.56% 308.3K shares	Q2 2024 Held for 1y 5m	$800.5M
Western Standard, LLC Hedge Fund•Long/Short	Eric David Andersen Managing Partner	3.36% $6.3M	0.07% 40.6K shares	Q3 2025 Held for 2 months	$187.0M
Giverny Capital Inc. RIA/Wealth	Francois Rochon CEO	3.34% $98.6M	1.16% 637.1K shares	Q1 2017 Held for 8y 8m	$3.0B
Anomaly Capital Management, LP Hedge Fund•Long/Short	Benjamin Solomon Jacobs CIO	2.99% $101.8M	1.19% 658.3K shares	Q2 2025 Held for 5 months	$3.4B
Bullseye Asset Management LLC Hedge Fund•Long/Short	Jakob Vincent Holm Member	2.80% $5.3M	0.06% 34.6K shares	Q4 2019 Held for 5y 11m	$191.0M

Hedge Fund Spotlight

Discover hedge funds investing in FIVE

JACOBS LEVY EQUITY MANAGEMENT, INC

Hedge Fund • Quant

Portfolio ManagerBruce Ira Jacobs

Portfolio Value: $25.2B
Positions: 953
Last Reported: Q3 2025

Sector Allocation

Position in Five Below

Market Value: $8.3M
Shares Held: 53.5K
Portfolio Weight: 0.03%
Owned Since: 2025-Q1

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