Five Below, Inc: which funds bought and sold

Institutions that bought and sold Five Below shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 283 institutions that filed 13F reports for both quarters added to or opened positions in Five Below, and 357 cut or closed them. Together they sold a net 708K shares, −1.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 132K shares (−0.6%); index fund managers were net buyers of 430K shares (+3.0%). 87 opened a new position and 108 sold out entirely.

Bought, Q2 2026 283 institutions, 87 of them new holders Sold, Q2 2026 357 institutions, 108 of them sold out

Net change, all compared −708K shares (−1.3%)

Net change, active managers −132K shares (−0.6%), 43 bought, 40 sold

Buyers versus sellers

institutions compared, 709

283 bought 69 357 sold

Active managers and hedge funds 43 bought · 40 sold · −132K

Index fund managers 8 bought · 4 sold · +430K

Other institutions 232 bought · 313 sold · −1.0M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Wellington Management Group LLP Active manager	+638K +54.4%	1.8M	$326M
SRS Investment Management, LLC Hedge fund	+382K +52.9%	1.1M	$199M
Renaissance Technologies LLC Hedge fund	+365K +21447.1%	366K	$65.9M
Blackrock, Inc. Index funds	+355K +7.1%	5.4M	$965M
Freestone Grove Partners LP Hedge fund	+292K New position	292K	$52.6M
Invesco Ltd.	+246K +24.4%	1.3M	$226M
Woodline Partners LP Hedge fund	+236K New position	236K	$42.5M
Jupiter Asset Management Ltd Active manager	+227K New position	227K	$40.8M
Ameriprise Financial Inc	+215K +170.2%	341K	$61.3M
Marshall Wace, LLP Hedge fund	+203K +15.3%	1.5M	$276M
Two Sigma Investments, LP Hedge fund	+171K +12.0%	1.6M	$289M
Franklin Resources Inc Active manager	+146K +514.8%	174K	$31.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+145K +56.3%	404K	$72.6M
Varenne Capital Partners	+141K New position	141K	$25.3M
Canada Pension Plan Investment Board	+122K +127.2%	218K	$39.2M
Interval Partners, LP Hedge fund	+115K +119.0%	212K	$38.2M
FMR LLC Active manager	+115K +11.1%	1.2M	$207M
BNP Paribas Financial Markets	+114K +74.7%	267K	$48.1M
Discovery Capital Management, LLC / Ct Hedge fund	+103K New position	103K	$18.5M
Hook Mill Capital Partners, LP	+99K +33.2%	399K	$71.7M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Wellington Management Group LLP Active manager	+638K +54.4%	1.8M	$326M
SRS Investment Management, LLC Hedge fund	+382K +52.9%	1.1M	$199M
Renaissance Technologies LLC Hedge fund	+365K +21447.1%	366K	$65.9M
Freestone Grove Partners LP Hedge fund	+292K New position	292K	$52.6M
Woodline Partners LP Hedge fund	+236K New position	236K	$42.5M
Jupiter Asset Management Ltd Active manager	+227K New position	227K	$40.8M
Marshall Wace, LLP Hedge fund	+203K +15.3%	1.5M	$276M
Two Sigma Investments, LP Hedge fund	+171K +12.0%	1.6M	$289M
Franklin Resources Inc Active manager	+146K +514.8%	174K	$31.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+145K +56.3%	404K	$72.6M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
D. E. Shaw & Co., Inc. Hedge fund	−767K −54.6%	638K	$115M
American Century Companies Inc Active manager	−678K −37.3%	1.1M	$205M
Capital World Investors Active manager	−624K −50.0%	624K	$112M
Wasatch Advisors LP Active manager	−492K −60.2%	326K	$58.6M
Morgan Stanley	−395K −48.0%	428K	$76.9M
1832 Asset Management L.P.	−358K Sold out	0	—
UBS Group AG	−328K −37.3%	552K	$99.2M
Federated Hermes, Inc. Active manager	−201K −13.1%	1.3M	$239M
Millennium Management LLC Hedge fund	−172K −23.5%	561K	$101M
Cartenna Capital, LP	−150K Sold out	0	—
SG Americas Securities, LLC	−148K −90.7%	15K	$2.7M
Riverbridge Partners LLC Active manager	−143K −25.0%	429K	$77.1M
Bank Of America Corp	−124K −24.1%	390K	$70M
HRT Financial LP	−120K −93.5%	8,321	$1.5M
Citadel Advisors LLC Hedge fund	−116K −20.1%	460K	$82.7M
Bank Of Montreal	−110K −24.4%	342K	$61.5M
Jane Street Group, LLC	−103K −49.2%	106K	$19.1M
Balyasny Asset Management L.P. Hedge fund	−95K −11.2%	753K	$135M
Semper Augustus Investments Group LLC	−87K −45.2%	106K	$19M
Deutsche Bank Ag\	−87K −30.4%	199K	$35.8M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
D. E. Shaw & Co., Inc. Hedge fund	−767K −54.6%	638K	$115M
American Century Companies Inc Active manager	−678K −37.3%	1.1M	$205M
Capital World Investors Active manager	−624K −50.0%	624K	$112M
Wasatch Advisors LP Active manager	−492K −60.2%	326K	$58.6M
Federated Hermes, Inc. Active manager	−201K −13.1%	1.3M	$239M
Millennium Management LLC Hedge fund	−172K −23.5%	561K	$101M
Riverbridge Partners LLC Active manager	−143K −25.0%	429K	$77.1M
Citadel Advisors LLC Hedge fund	−116K −20.1%	460K	$82.7M
Balyasny Asset Management L.P. Hedge fund	−95K −11.2%	753K	$135M
Trexquant Investment LP Hedge fund	−84K −30.1%	195K	$35.1M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Freestone Grove Partners LPHedge fund	292K	$52.6M
Woodline Partners LPHedge fund	236K	$42.5M
Jupiter Asset Management LtdActive manager	227K	$40.8M
Varenne Capital Partners	141K	$25.3M
Discovery Capital Management, LLC / CtHedge fund	103K	$18.5M
Connor, Clark & Lunn Investment Management Ltd.	73K	$13.2M
Fund 1 Investments, LLC	73K	$13.1M
Nearwater Capital Markets, Ltd	65K	$11.7M
Capital Fund Management S.A.Hedge fund	62K	$11.2M
Toronto Dominion Bank	59K	$10.6M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
1832 Asset Management L.P.	358K	$81.9M
Cartenna Capital, LP	150K	$34.3M
Emerald Mutual Fund Advisers Trust	48K	$10.9M
PDT Partners, LLCHedge fund	45K	$10.2M
AGF Management Ltd	45K	$10.2M
Lisanti Capital Growth, LLC	43K	$9.7M
Castleark Management LLC	40K	$9.2M
Landscape Capital Management, L.L.C.	25K	$5.6M
Western Standard LLC	23K	$5.3M
Informed Momentum Co LLC	23K	$5.2M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 607
Ten largest holders: 38.8%
Index fund managers: 27.0%
Active managers and hedge funds: 42.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	43	40	11	8	−132K	−0.6%
Index fund managers	8	4	0	0	+430K	+3.0%
Other institutions	232	313	76	100	−1.0M	−5.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Five Below.

Only managers that filed a holdings report for both quarters are compared (709 here). 14 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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