Cliff Asness's FIVE Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.17 M shares of Five Below, Inc. (FIVE) worth $220.16 M, representing 0.12% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 39 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in FIVE, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2025, adding 745,272 shares. Largest reduction occurred in Q2 2025, reducing 411,623 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Five Below (FIVE) Holding Value Over Time
Track share changes against reported price movement
Quarterly Five Below (FIVE) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +745,272 | Add 175.95% | 1.17 M | $188.36 |
| Q3 2025 | +64,557 | Add 17.98% | 423,560 | $154.70 |
| Q2 2025 | -411,623 | Reduce 53.41% | 359,003 | $130.74 |
| Q1 2025 | +626,077 | Add 433.12% | 770,626 | $70.94 |
| Q4 2024 | +144,549 | New Buy | 144,549 | $104.88 |
| Q3 2024 | -270,387 | Sold Out | 0 | $0.00 |
| Q2 2024 | -34,343 | Reduce 11.27% | 270,387 | $108.97 |
| Q1 2024 | +273,304 | Add 869.67% | 304,730 | $181.38 |
| Q4 2023 | +13,974 | Add 80.07% | 31,426 | $212.14 |
| Q3 2023 | +12,397 | Add 245.24% | 17,452 | $160.90 |
| Q2 2023 | +5,055 | New Buy | 5,055 | $196.54 |
| Q2 2022 | -9,937 | Sold Out | 0 | $0.00 |
| Q1 2022 | -79,581 | Reduce 88.90% | 9,937 | $158.40 |
| Q4 2021 | +44,680 | Add 99.65% | 89,518 | $204.18 |
| Q3 2021 | +10,868 | Add 31.99% | 44,838 | $176.81 |
| Q2 2021 | +27,980 | Add 467.11% | 33,970 | $193.26 |
| Q1 2021 | +1,427 | Add 31.27% | 5,990 | $188.31 |
| Q4 2020 | +4,563 | New Buy | 4,563 | $172.04 |
| Q2 2020 | -5,387 | Sold Out | 0 | $0.00 |
| Q1 2020 | -36,774 | Reduce 87.22% | 5,387 | $70.35 |
| Q4 2019 | -46,075 | Reduce 52.22% | 42,161 | $127.87 |
| Q3 2019 | -118,489 | Reduce 57.32% | 88,236 | $125.74 |
| Q2 2019 | -23,118 | Reduce 10.06% | 206,725 | $120.02 |
| Q1 2019 | -60,886 | Reduce 20.94% | 229,843 | $124.25 |
| Q4 2018 | +56,591 | Add 24.17% | 290,729 | $102.32 |
| Q3 2018 | +189,298 | Add 422.16% | 234,138 | $130.06 |
| Q2 2018 | +5,509 | Add 14.01% | 44,840 | $97.70 |
| Q1 2018 | +22,134 | Add 128.71% | 39,331 | $73.35 |
| Q4 2017 | +17,197 | New Buy | 17,197 | $66.35 |
| Q1 2017 | -18,912 | Sold Out | 0 | $0.00 |
| Q4 2016 | +31 | Add 0.16% | 18,912 | $39.97 |
| Q3 2016 | +1,802 | Add 10.55% | 18,881 | $40.31 |
| Q2 2016 | +7,108 | Add 71.29% | 17,079 | $46.43 |
| Q1 2016 | +9,971 | New Buy | 9,971 | $41.32 |
| Q2 2014 | -4,900 | Sold Out | 0 | $0.00 |
| Q1 2014 | +4,900 | New Buy | 4,900 | $42.45 |
| Q4 2013 | -250,000 | Sold Out | 0 | $0.00 |
| Q3 2013 | +2,500 | Add 1.01% | 250,000 | $43.75 |
| Q2 2013 | +247,500 | Add 0.00% | 247,500 | $36.76 |
Cliff Asness's Five Below Investment FAQs
Cliff Asness first purchased Five Below, Inc. (FIVE) in Q2 2013, acquiring 247,500 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Five Below, Inc. (FIVE) for 39 quarters since Q2 2013.
Cliff Asness's largest addition to Five Below, Inc. (FIVE) was in Q4 2025, adding 1,168,832 shares worth $220.16 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,168,832 shares of Five Below, Inc. (FIVE), valued at approximately $220.16 M.
As of the Q4 2025 filing, Five Below, Inc. (FIVE) represents approximately 0.12% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Five Below, Inc. (FIVE) was 1,168,832 shares, as reported at the end of Q4 2025.