What smart money is saying about Five Below
FIVE
No fund has written a full thesis on Five Below in our archive, but 1 fund letter reports a position in it, most recently Diamond Hill Long-Short Fund in June 2026.
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1
Reported positions
1
Bought
0
Sold
1
Letter
Position history
Every position in Five Below on record in the archive was reported in Q2 2026, across 1 fund letter, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position · 1 move
- New positionDiamond Hill Long-Short FundJune 2026
“• We initiated a short position in value-based retailer Five Below as we believe future growth and earnings power will be challenged as abnormal operating strength from the viral squishy toy trend subsides.”
Five Below
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