Five Below, Inc. (FIVE)

Highly Crowded

Held by 596 of 5,944 reporting institutions (97th percentile) — extremely crowded.

Data as of Q1 2026

Institutional Ownership

99.38%

QoQ Change

-5.45%

Total Value

$12.4T

Shares Outstanding

55.2M

Crowding AnalysisHighly Crowded

Holders596of 5,944

Avg: 68

Uncrowded97th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.52x

95th percentile

387 buying255 selling

+147

New

-73

Closed

-2,774,319

Net shares

Holding Period Distribution

estimate

Median: 3 QAvg: 2.9 QHolders: 596

Ownership Concentration

Top 5: 24.8%Top 10: 38.3%

BlackRock,9.1%

VANGUARD CAPITAL MANAGEMENT4.5%

VANGUARD PORTFOLIO MANAGEMENT4.4%

AQR CAPITAL MANAGEMENT3.5%

AMERICAN CENTURY COMPANIES3.3%

Others (591)75.2%

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Conviction-Weighted Ownership

Median weight: 0.20%Avg weight: 0.18%Max: 0.57%High conviction (>1%): 0

BlackRock,

VANGUARD CAPITAL MANAGEMENT

VANGUARD PORTFOLIO MANAGEMENT

AQR CAPITAL MANAGEMENT

AMERICAN CENTURY COMPANIES

STATE STREET

FEDERATED HERMES,

TWO SIGMA INVESTMENTS,

D. E. Shaw & Co.,

MARSHALL WACE, LLP

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$565M2.5M shr

NEWVANGUARD PORTFOLIO MANAGEMENT$548M2.4M shr

NEWAQR CAPITAL MANAGEMENT$436M1.9M shr

NEWTWO SIGMA INVESTMENTS$328M1.4M shr

SOLDD. E. Shaw & Co.$148M648K shr

NEWMARSHALL WACE, LLP$336M1.8M shr

SOLDUBS Group AG$67M355K shr

SOLDWASATCH ADVISORS$42M224K shr

BOUGHTCITADEL ADVISORS$33M173K shr

SOLDD. E. Shaw & Co.$30M157K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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