# Five Below (FIVE): value investors who own it | moatshark

2 value investors held Five Below in their Q3 2026 13F, led by Giverny Capital, Semper Augustus.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Giverny Capital | 3.6% | $108m | Trimmed -3.1% | 38 |
| Semper Augustus | 2.1% | $19.0m | Trimmed -45% | 9 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-09-14 | SPECTER ERIC M | CAO | Sold | 5500 | $1.4m |
| 2026-09-10 | Hawkins Jacob Kimball | CMOO | Sold | 818 | $204k |
| 2026-09-09 | Gellerman Maureen Marie | CHRO | Sold | 1610 | $401k |
| 2026-09-04 | DEVINE MICHAEL F III | Director | Sold | 3400 | $851k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 2585 | $660k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 1564 | $380k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 1500 | $361k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 1192 | $303k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 1130 | $273k |
| 2026-09-04 | DEVINE MICHAEL F III | Director | Sold | 850 | $214k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 611 | $151k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 600 | $150k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 403 | $100k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 186 | $47k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 183 | $45k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 168 | $41k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 163 | $40k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 143 | $36k |
| 2026-09-04 | BULL KENNETH R | COO | Sold | 82 | $20k |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/five). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.