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 ($47.5m this quarter). Holder counts are more reliable. Shares outstanding: 55.2m as of 2025-12-03, 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 ≈ $187.88. Options: 24 managers hold calls ($362.4m notional), 22 hold puts ($270.8m).
Trends to Q4 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 |
| Q2 2025 | 462 |
| Q3 2025 | 503 |
| Q4 2025 | 554 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 213 | 253 |
| Q2 2024 | 224 | 276 |
| Q3 2024 | 182 | 297 |
| Q4 2024 | 205 | 187 |
| Q1 2025 | 221 | 200 |
| Q2 2025 | 236 | 227 |
| Q3 2025 | 296 | 187 |
| Q4 2025 | 277 | 249 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $304.9m | $162.1m | 0.53 |
| Q2 2025 | $283.0m | $300.5m | 1.06 |
| Q3 2025 | $293.6m | $177.8m | 0.61 |
| Q4 2025 | $362.4m | $270.8m | 0.75 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +745.3k |
| MARSHALL WACE, LLP | Added | +630.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +589.9k |
| Alyeska Investment Group, L.P. | New | +535.6k |
| Invesco Ltd. | Added | +460.1k |
| Woodline Partners LP | New | +397.1k |
| Qube Research & Technologies Ltd | Added | +388.1k |
| Point72 Asset Management, L.P. | Added | +346.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +344.6k |
| CITADEL ADVISORS LLC | Added | +309.1k |
Biggest sellers
| FMR LLC | Reduced | -1.2m |
| SAMLYN CAPITAL, LLC | Sold out | -944.1k |
| Anomaly Capital Management, LP | Sold out | -658.3k |
| JPMORGAN CHASE & CO | Reduced | -515.8k |
| FIL Ltd | Reduced | -444.9k |
| UBS Group AG | Reduced | -322.3k |
| MORGAN STANLEY | Reduced | -245.7k |
| AMERIPRISE FINANCIAL INC | Reduced | -236.1k |
| WASATCH ADVISORS LP | Reduced | -223.9k |
| MANE GLOBAL CAPITAL MANAGEMENT LP | Sold out | -222.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $74.0m392.6k shares |
| BARCLAYS PLC | Added | $59.0m313.2k shares |
| CITADEL ADVISORS LLC | Reduced | $47.6m252.5k shares |
| JANE STREET GROUP, LLC | Reduced | $43.1m228.7k shares |
| IMC-Chicago, LLC | Reduced | $29.0m153.8k shares |
| UBS Group AG | Reduced | $24.2m128.7k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $19.0m100.9k shares |
| Walleye Trading LLC | Added | $10.8m57.4k shares |
| PEAK6 LLC | New | $10.5m56.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $10.0m53.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $70.9m376.3k shares |
| BARCLAYS PLC | Added | $55.5m294.4k shares |
| CITADEL ADVISORS LLC | Reduced | $43.5m231.0k shares |
| IMC-Chicago, LLC | Added | $21.1m111.9k shares |
| SIMPLEX TRADING, LLC | Unchanged | $18.6m98.6k shares |
| PEAK6 LLC | Reduced | $8.5m45.2k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $7.2m38.3k shares |
| GROUP ONE TRADING LLC | Reduced | $6.9m36.8k shares |
| Walleye Trading LLC | Reduced | $5.6m29.6k shares |
| JANE STREET GROUP, LLC | Added | $5.2m27.7k 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 Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 1 | $1.9m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $972.2k | — |
| Q2 2025 | 0 | — | 4 | $1.6m | $598.2k |
| Q3 2025 | 0 | — | 2 | $555.1k | $435.3k |
| Q4 2025 | 0 | — | 5 | $7.3m | $1.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-15 | BARCLAY KATHLEEN S Director | Sold | $400.5k2.2k shares |
| 2025-12-12 | Hill George Chief Retail Officer | Sold plan | $1.4m7.5k shares |
| 2025-12-11 | DEVINE MICHAEL F III Director | Sold | $1.1m6.0k shares |
| 2025-12-05 | BULL KENNETH R COO | Sold | $4.4m25.0k shares |
| 2025-12-05 | Gellerman Maureen Marie CHRO | Sold | $94.9k544 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 5.3m $1.0bn | Reduced -39.9k |
| BlackRock, Inc. 0.02% of their portfolio | 4.9m $923.8m | Reduced -98.2k |
| D. E. Shaw & Co., Inc. 0.27% of their portfolio | 1.9m $361.6m | Reduced -156.7k |
| AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio | 1.8m $346.4m | Reduced -34.0k |
| MARSHALL WACE, LLP 0.32% of their portfolio | 1.8m $336.3m | Added +630.9k |
| STATE STREET CORP 0.01% of their portfolio | 1.7m $313.7m | Reduced -9.0k |
| FEDERATED HERMES, INC. 0.47% of their portfolio | 1.5m $284.1m | Added +45.8k |
| UBS Group AG 0.05% of their portfolio | 1.4m $262.1m | Reduced -322.3k |
| WASATCH ADVISORS LP 1.42% of their portfolio | 1.3m $239.0m | Reduced -223.9k |
| Capital World Investors 0.03% of their portfolio | 1.2m $226.7m | Reduced -150.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 1.2m $224.7m | Added +344.6k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 1.2m $220.2m | Added +745.3k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.35% of their portfolio | 1.1m $206.8m | Added +589.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $205.5m | Added +53.8k |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 1.1m $205.0m | Added +309.1k |
| FMR LLC 0.01% of their portfolio | 1.0m $190.6m | Reduced -1.2m |
| NORGES BANK 0.02% of their portfolio | 970.4k $182.8m | Not comparable |
| Invesco Ltd. 0.02% of their portfolio | 886.2k $166.9m | Added +460.1k |
| Balyasny Asset Management L.P. 0.31% of their portfolio | 869.7k $163.8m | Added +38.5k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 849.0k $159.9m | Added +17.8k |
| JENNISON ASSOCIATES LLC 0.10% of their portfolio | 842.8k $158.7m | Added +23.3k |
| RIVERBRIDGE PARTNERS LLC 2.88% of their portfolio | 814.6k $153.4m | Reduced -144.5k |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 704.9k $132.8m | Added +166.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 668.4k $125.9m | Reduced -22.6k |
| MORGAN STANLEY 0.01% of their portfolio | 663.0k $124.9m | Reduced -245.7k |
| Giverny Capital Inc. 4.01% of their portfolio | 637.7k $120.1m | Added +657 |
| Stephens Investment Management Group LLC 1.53% of their portfolio | 624.9k $117.7m | Reduced -33.0k |
| Pacifica Capital Investments, LLC 30.63% of their portfolio | 597.0k $112.4m | Reduced -124.2k |
| Qube Research & Technologies Ltd 0.16% of their portfolio | 588.5k $110.8m | Added +388.1k |
| Alyeska Investment Group, L.P. 0.28% of their portfolio | 535.6k $100.9m | New |
| TWO SIGMA ADVISERS, LP 0.19% of their portfolio | 508.5k $95.8m | Reduced -133.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 485.8k $91.5m | Reduced -30.3k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 459.8k $86.6m | Added +346.3k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 453.7k $85.5m | Added +183.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 438.8k $82.7m | Reduced -144.9k |
| Hook Mill Capital Partners, LP 7.64% of their portfolio | 431.0k $81.2m | Reduced -95.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 409.2k $77.1m | Reduced -515.8k |
| TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio | 404.1k $76.1m | Added +3.9k |
| Woodline Partners LP 0.29% of their portfolio | 397.1k $74.8m | New |
| Squarepoint Ops LLC 0.15% of their portfolio | 393.3k $74.1m | Added +275.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 382.8k $72.1m | Reduced -6.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 369.4k $69.6m | Reduced -105.6k |
| Quantinno Capital Management LP 0.13% of their portfolio | 349.6k $65.9m | Added +5.2k |
| Interval Partners, LP 1.48% of their portfolio | 335.1k $63.1m | Added +111.1k |
| BARCLAYS PLC 0.03% of their portfolio | 333.6k $62.8m | Reduced -116.2k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.52% of their portfolio | 289.0k $54.4m | Reduced -100.2k |
| Hood River Capital Management LLC 0.55% of their portfolio | 266.4k $50.2m | Added +57.6k |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 5.75% of their portfolio | 265.2k $50.0m | Reduced -43.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 264.2k $49.8m | Reduced -61.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 261.5k $49.3m | Reduced -49.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 253.5k $47.8m | Reduced -5.4k |
| Man Group plc 0.09% of their portfolio | 252.4k $47.5m | Added +36.7k |
| BANK OF NOVA SCOTIA 0.06% of their portfolio | 212.1k $39.9m | Added +46.6k |
| Nuveen, LLC 0.01% of their portfolio | 200.1k $37.7m | Added +77.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 199.4k $37.6m | Reduced -236.1k |
| Cartenna Capital, LP 1.88% of their portfolio | 190.0k $35.8m | New |
| Trexquant Investment LP 0.32% of their portfolio | 188.3k $35.5m | New |
| Allianz Asset Management GmbH 0.04% of their portfolio | 186.7k $35.2m | New |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.90% of their portfolio | 170.0k $32.0m | New |
| SEI INVESTMENTS CO 0.03% of their portfolio | 168.1k $31.7m | Reduced -18.3k |
| COUNTRY TRUST BANK 0.57% of their portfolio | 167.2k $31.5m | Reduced -37.5k |
| Freestone Grove Partners LP 0.22% of their portfolio | 161.7k $30.5m | Added +6.2k |
| Corient Private Wealth LP 0.00% of their portfolio | 160.4k $3.5m | Added +155.5k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 155.9k $29.4m | Reduced -201.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 148.3k $27.9m | Reduced -243 |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 142.7k $26.9m | Reduced -135.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 135.7k $25.6m | Reduced -9.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 134.7k $25.4m | Reduced -36.7k |
| IEQ CAPITAL, LLC 0.08% of their portfolio | 133.7k $25.2m | Added +62.8k |
| Shellback Capital, LP 2.39% of their portfolio | 133.0k $25.1m | Reduced -500 |
| Driehaus Capital Management LLC 0.17% of their portfolio | 132.7k $25.0m | Reduced -35.6k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 129.5k $25.1m | Reduced -49.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 126.5k $23.8m | Reduced -5.9k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.61% of their portfolio | 126.2k $23.8m | Reduced -12.8k |
| Verition Fund Management LLC 0.13% of their portfolio | 126.1k $23.8m | Reduced -60.1k |
| 1832 Asset Management L.P. 0.03% of their portfolio | 124.3k $23.4m | New |
| Jain Global LLC 0.21% of their portfolio | 113.8k $21.4m | Reduced -17.2k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 109.3k $20.6m | Reduced -3.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 108.9k $20.5m | Reduced -118.2k |
| Swiss National Bank 0.01% of their portfolio | 108.8k $20.5m | Added +2.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 104.4k $19.7m | Reduced -11.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 103.4k $19.5m | Added +29.0k |
| Bridgewater Associates, LP 0.07% of their portfolio | 98.0k $18.5m | Added +76.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 97.0k $18.3m | Reduced -108 |
| Tabor Asset Management, LP 7.28% of their portfolio | 95.8k $18.0m | Added +26.6k |
| Cresset Asset Management, LLC 0.08% of their portfolio | 95.6k $18.0m | Reduced -64.9k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 91.7k $17.3m | Reduced -9.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 90.8k $17.1m | Added +56.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.07% of their portfolio | 90.6k $17.1m | Added +37.2k |
| WINTON GROUP Ltd 0.58% of their portfolio | 89.2k $16.8m | Reduced -29.8k |
| Summit Creek Advisors LLC 2.59% of their portfolio | 87.3k $16.4m | Reduced -27.8k |
| EMERALD ADVISERS, LLC 0.50% of their portfolio | 85.6k $16.1m | Added +453 |
| Legal & General Group Plc 0.00% of their portfolio | 85.0k $16.0m | Reduced -18.9k |
| Treasurer of the State of North Carolina 0.05% of their portfolio | 80.6k $15.2m | Reduced -1.8k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 77.3k $14.6m | Added +46.9k |
| PDT Partners, LLC 0.94% of their portfolio | 76.8k $14.5m | Reduced -13.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 70.7k $13.3m | Added +43.3k |
| Delta Global Management LP 0.92% of their portfolio | 67.5k $12.7m | New |
| Retirement Systems of Alabama 0.04% of their portfolio | 66.2k $12.5m | Reduced -384 |
| ExodusPoint Capital Management, LP 0.14% of their portfolio | 64.8k $12.2m | New |