Hedge Funds Have Never Been This Bullish On Five Below Inc

Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing winning small-cap stocks. There is little or no publicly-available information at all on some of these small companies, which makes it hard for an individual investor to pin down a winner within the small-cap space. However, hedge funds and other big asset managers can do the due diligence and analysis for you instead, thanks to their highly-skilled research teams and vast resources to conduct an appropriate evaluation process. Looking for potential winners within the small-cap galaxy of stocks? We believe following smart money is a good starting point.

Five Below Inc (Nasdaq: FIVE) investors should be aware of an increase in hedge fund sentiment lately. FIVE was in 32 hedge funds’ portfolios at the end of December. There were 26 hedge funds in our database with FIVE positions at the end of the previous quarter. Overall hedge fund sentiment towards the stock is at its all-time high. This is usually a bullish sign. For example, hedge fund sentiment in Xilinx Inc. (XLNX) was also at its all-time high at the beginning of this year and the stock returned more than 46% in 2.5 months. We observed similar performances from OKTATwilioMSCI and Progressive Corporation (PGR); these stocks returned 37%, 37%, 29%, and 27% respectively. Hedge fund sentiment towards IQVIA Holdings Inc. (IQV), Brookfield Asset Management (BAM), Atlassian Corporation (TEAM), RCLMTBVARRNG, and CRH hit all-time highs at the end of December, and all of these stocks returned more than 20% in the first 2.5-3 months of this year.

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