FIVE BELOW INC FIVE
COM · Common Stock · CUSIP 33829M101 · ISIN US33829M1018
American publicly held chain of discount store
- SectorConsumer discretionary
- IndustryRetail-Variety Stores
- HeadquartersPhiladelphia, PA
- Founded2002
- Websitefivebelow.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($53.6m this quarter). Holder counts are more reliable. Shares outstanding: 55.0m as of 2025-03-19, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $74.83. Options: 26 managers hold calls ($304.9m notional), 25 hold puts ($162.1m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 425 |
| Q4 2022 | 482 |
| Q1 2023 | 499 |
| Q2 2023 | 489 |
| Q3 2023 | 455 |
| Q4 2023 | 504 |
| Q1 2024 | 499 |
| Q2 2024 | 464 |
| Q3 2024 | 404 |
| Q4 2024 | 426 |
| Q1 2025 | 412 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 203 | 257 |
| Q3 2023 | 201 | 260 |
| Q4 2023 | 230 | 217 |
| Q1 2024 | 213 | 253 |
| Q2 2024 | 224 | 276 |
| Q3 2024 | 182 | 297 |
| Q4 2024 | 205 | 187 |
| Q1 2025 | 221 | 200 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $261.7m | $197.0m | 0.75 |
| Q3 2024 | $370.8m | $325.1m | 0.88 |
| Q4 2024 | $322.5m | $228.3m | 0.71 |
| Q1 2025 | $304.9m | $162.1m | 0.53 |
Biggest buyers
| FEDERATED HERMES, INC. | Added | +1.5m |
| AMERICAN CENTURY COMPANIES INC | Added | +977.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +626.1k |
| Cubist Systematic Strategies, LLC | New | +555.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +552.1k |
| Point72 Asset Management, L.P. | Added | +492.3k |
| Junto Capital Management LP | New | +437.6k |
| TWO SIGMA ADVISERS, LP | Added | +401.4k |
| VANGUARD GROUP INC | Added | +376.9k |
| BANK OF AMERICA CORP /DE/ | Added | +375.1k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Sold out | -3.6m |
| Holocene Advisors, LP | Reduced | -1.3m |
| STEADFAST CAPITAL MANAGEMENT LP | Sold out | -1.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.2m |
| MARSHALL WACE, LLP | Reduced | -1.0m |
| D. E. Shaw & Co., Inc. | Reduced | -723.0k |
| FMR LLC | Reduced | -434.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -426.1k |
| BARCLAYS PLC | Reduced | -363.8k |
| Candlestick Capital Management LP | Sold out | -316.0k |
Biggest calls
| SCOPUS ASSET MANAGEMENT, L.P. | New | $45.0m600.0k shares |
| CITADEL ADVISORS LLC | Added | $41.4m552.4k shares |
| NOMURA HOLDINGS INC | New | $37.5m500.0k shares |
| JANE STREET GROUP, LLC | Added | $36.6m488.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $29.8m397.4k shares |
| BARCLAYS PLC | Added | $27.0m360.5k shares |
| IMC-Chicago, LLC | Added | $20.5m273.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.6m168.7k shares |
| UBS Group AG | New | $11.1m147.5k shares |
| WOLVERINE TRADING, LLC | Added | $10.4m141.6k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $33.0m440.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $25.2m336.6k shares |
| CITADEL ADVISORS LLC | Reduced | $18.8m250.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $16.1m214.8k shares |
| IMC-Chicago, LLC | Added | $11.9m158.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.0m147.3k shares |
| GOLDMAN SACHS GROUP INC | New | $7.6m101.0k shares |
| Squarepoint Ops LLC | Reduced | $5.9m78.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $5.8m77.0k shares |
| Cubist Systematic Strategies, LLC | Reduced | $4.9m65.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), D. E. SHAW & CO, L.P. (3.9%, 2025-11-14), T. Rowe Price Investment Management, Inc. (0.0%, 2025-11-14)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 4 | $9.9m | — |
| Q3 2023 | 1 | $500.6k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $1.9m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $972.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-24 | Masciantonio Ronald James EVP, General Counsel | Sold | $45.6k584 shares |
| 2025-01-17 | SPECTER ERIC M CAO | Sold | $428.0k4.6k shares |
| 2025-01-16 | SPECTER ERIC M CAO | Sold | $498.6k5.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 5.5m $413.9m | Added +321.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 5.4m $406.4m | Added +376.9k |
| WASATCH ADVISORS LP 0.95% of their portfolio | 2.3m $170.7m | Reduced -141.5k |
| FIL Ltd 0.15% of their portfolio | 2.2m $163.0m | Reduced -25.0k |
| STATE STREET CORP 0.01% of their portfolio | 1.7m $130.7m | Added +19.8k |
| FEDERATED HERMES, INC. 0.24% of their portfolio | 1.5m $111.3m | Added +1.5m |
| Capital World Investors 0.02% of their portfolio | 1.3m $98.9m | Reduced -43.7k |
| MARSHALL WACE, LLP 0.13% of their portfolio | 1.3m $97.3m | Reduced -1.0m |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.2m $88.0m | Added +977.4k |
| FMR LLC 0.01% of their portfolio | 1.1m $85.5m | Reduced -434.7k |
| RIVERBRIDGE PARTNERS LLC 1.36% of their portfolio | 1.1m $84.6m | Reduced -73.5k |
| SAMLYN CAPITAL, LLC 1.37% of their portfolio | 1.1m $83.1m | Added +39.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.0m $77.4m | Added +51.5k |
| MORGAN STANLEY 0.00% of their portfolio | 870.9k $65.2m | Reduced -25.3k |
| Point72 Asset Management, L.P. 0.18% of their portfolio | 842.9k $63.2m | Added +492.3k |
| NORGES BANK 0.01% of their portfolio | 814.9k $61.1m | Added +177.2k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 770.6k $54.7m | Added +626.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 755.3k $56.6m | Added +42.0k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 736.5k $55.2m | Added +169.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 712.7k $53.4m | Reduced -70.2k |
| Stephens Investment Management Group LLC 0.77% of their portfolio | 710.8k $53.3m | Added +92.4k |
| Ensign Peak Advisors, Inc 0.10% of their portfolio | 686.3k $51.4m | Added +307.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 681.9k $51.1m | Added +28.6k |
| Pacifica Capital Investments, LLC 17.88% of their portfolio | 672.2k $50.4m | Added +13.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 650.1k $48.7m | First filing |
| TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio | 631.5k $47.3m | Added +552.1k |
| Giverny Capital Inc. 1.72% of their portfolio | 621.6k $46.6m | Reduced -110.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 616.0k $46.1m | Added +3.4k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 589.0k $44.1m | Added +154.2k |
| Cubist Systematic Strategies, LLC 0.55% of their portfolio | 555.0k $41.6m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 551.6k $41.3m | Reduced -2.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 543.0k $40.7m | Added +282.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 526.8k $39.5m | Added +375.1k |
| Capital Research Global Investors 0.01% of their portfolio | 505.3k $37.9m | Unchanged |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 489.2k $36.7m | Added +36.6k |
| UBS Group AG 0.01% of their portfolio | 462.5k $34.7m | Added +171.7k |
| Trexquant Investment LP 0.39% of their portfolio | 447.7k $33.5m | Added +294.1k |
| Junto Capital Management LP 0.75% of their portfolio | 437.6k $32.8m | New |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 428.6k $32.1m | Added +401.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio | 400.7k $30.0m | Added +291.0k |
| Broad Bay Capital Management, LP 4.42% of their portfolio | 392.7k $29.4m | Added +80.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 368.6k $27.6m | Reduced -26.3k |
| Man Group plc 0.08% of their portfolio | 368.5k $27.6m | Reduced -194.4k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 365.8k $27.4m | Reduced -723.0k |
| Schonfeld Strategic Advisors LLC 0.18% of their portfolio | 350.7k $26.3m | Added +63.3k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 344.1k $25.8m | Added +104.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 341.5k $25.6m | Added +193.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 334.2k $25.0m | Added +219.0k |
| COUNTRY TRUST BANK 0.61% of their portfolio | 324.5k $24.3m | Added +61.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 299.5k $22.4m | Reduced -55.7k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.78% of their portfolio | 289.0k $21.7m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 265.4k $19.9m | Added +126.3k |
| ING GROEP NV 0.13% of their portfolio | 258.5k $19.4m | Added +142.7k |
| Hook Mill Capital Partners, LP 2.41% of their portfolio | 250.3k $18.8m | Reduced -160.2k |
| TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio | 244.0k $18.3m | New |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 242.5k $18.5m | Added +133.7k |
| Nuveen, LLC 0.01% of their portfolio | 234.7k $17.6m | First filing |
| Invenomic Capital Management LP 0.88% of their portfolio | 230.3k $17.3m | Added +7.9k |
| Ampfield Management, L.P. 19.46% of their portfolio | 220.7k $16.5m | Unchanged |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 216.2k $16.2m | Added +47.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 200.9k $15.1m | Reduced -29.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 184.5k $13.8m | Added +21.6k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 182.5k $13.7m | Added +1.9k |
| WINTON GROUP Ltd 0.78% of their portfolio | 172.0k $12.9m | Added +148.9k |
| Cresset Asset Management, LLC 0.06% of their portfolio | 170.6k $12.8m | Reduced -97.7k |
| Jump Financial, LLC 0.18% of their portfolio | 159.4k $11.9m | Added +46.6k |
| Amundi 0.00% of their portfolio | 159.1k $9.4m | Added +58.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 158.7k $11.9m | Added +864 |
| Eisler Capital Management Ltd. 0.33% of their portfolio | 145.7k $10.9m | New |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 136.7k $10.2m | Added +121.8k |
| Quantbot Technologies LP 0.32% of their portfolio | 132.9k $10.0m | Added +120.9k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.16% of their portfolio | 128.3k $9.6m | Added +23.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 127.5k $9.6m | Reduced -322 |
| Grandeur Peak Global Advisors, LLC 1.03% of their portfolio | 124.4k $9.3m | Reduced -8.3k |
| Summit Creek Advisors LLC 1.28% of their portfolio | 116.9k $8.8m | Added +19.4k |
| Aquatic Capital Management LLC 0.22% of their portfolio | 116.0k $8.7m | Added +43.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 115.2k $8.6m | Added +34.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 113.8k $8.5m | Reduced -4.0k |
| Verition Fund Management LLC 0.05% of their portfolio | 110.6k $8.3m | Reduced -286.2k |
| Swiss National Bank 0.01% of their portfolio | 106.6k $8.0m | Reduced -1.6k |
| Legal & General Group Plc 0.00% of their portfolio | 102.5k $7.7m | Added +813 |
| Point72 Hong Kong Ltd 0.53% of their portfolio | 98.8k $7.4m | Added +74.5k |
| Quantinno Capital Management LP 0.04% of their portfolio | 91.6k $6.9m | Added +71.3k |
| MAVERICK CAPITAL LTD 0.12% of their portfolio | 90.0k $6.7m | New |
| Invesco Ltd. 0.00% of their portfolio | 88.8k $6.7m | Added +5.5k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 87.5k $6.6m | Reduced -31.2k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.32% of their portfolio | 85.0k $6.4m | Unchanged |
| Cinctive Capital Management LP 0.50% of their portfolio | 83.0k $6.2m | Reduced -3.5k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 0.95% of their portfolio | 78.7k $5.9m | Added +2.3k |
| MONIMUS CAPITAL MANAGEMENT, LP 4.88% of their portfolio | 76.7k $5.8m | Added +37.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio | 74.8k $5.6m | Reduced -16.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 74.5k $5.6m | New |
| LPL Financial LLC 0.00% of their portfolio | 71.2k $5.3m | Added +5.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 68.3k $5.1m | Added +44.8k |
| Retirement Systems of Alabama 0.02% of their portfolio | 67.0k $5.0m | Added +70 |
| CHILTON INVESTMENT CO INC. 0.12% of their portfolio | 66.4k $5.0m | Reduced -90.3k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.06% of their portfolio | 66.1k $5.0m | Added +4.9k |
| California Public Employees Retirement System 0.00% of their portfolio | 64.5k $4.8m | Reduced -18.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 64.2k $4.8m | New |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 63.5k $4.8m | Unchanged |