Value investor Christopher Bloomstran’s firm, Semper Augustus, significantly reduced its position in discount retailer Five Below (FIVE) during the second quarter of 2026. According to regulatory filings, the firm sold off 45.16% of its stake, decreasing its holdings from 192,670 shares to 105,660. The sale lowered the position's weight in the firm's reported portfolio from over 5% to just 2.15%.
This trade information was disclosed in a quarterly 13F filing with the SEC on August 14, 2026, which details the firm's holdings as of June 30, 2026. These filings are delayed, meaning the trades occurred sometime between April and June. During the second quarter, reports indicated that Five Below was experiencing strong foot traffic, with visits in Q2 reportedly up 19.8% year-over-year. The company is scheduled to release its Q2 earnings on September 2, 2026.