Five Below, Inc.
US ˙ NasdaqGS ˙ US33829M1018

SecurityFIVE / Five Below, Inc.
InstitutionNorges Bank
Latest Disclosed Ownership970,408 shares
Latest Disclosed Value $ 182,786,051
Norges Bank ownership in FIVE / Five Below, Inc.

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 970,408 shares of Five Below, Inc. (US:FIVE) valued at $182,786,051 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of Five Below, Inc.. The current value of the position is $216,294,239 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-10 2025-12-31 13F FIVE BELOW COM 33829M101 970,408 970,408 182,786 0.0196
2025-11-13 2025-09-30 13F FIVE BELOW COM 33829M101 0 -844,902 -100.00 0 -100.00
2025-08-13 2025-06-30 13F FIVE BELOW COM 33829M101 844,902 30,012 3.68 110,834 81.53 0.0138
2026-05-11 2025-03-31 13F/A-1 FIVE BELOW COM 33829M101 814,890 177,186 27.78 61,056 -8.78 0.0086
2025-02-12 2024-12-31 13F FIVE BELOW COM 33829M101 637,704 -997 -0.16 66,933 18.61 0.0088
2025-11-12 2024-09-30 13F/A-1 FIVE BELOW COM 33829M101 638,701 105,267 19.73 56,429 -2.92 0.0079
2024-08-14 2024-06-30 13F FIVE BELOW COM 33829M101 533,434 212,621 66.28 58,128 -0.10 0.0087
2025-05-14 2024-03-31 13F/A-1 FIVE BELOW COM 33829M101 320,813 -2,066 -0.64 58,189 -15.45 0.0092
2024-02-09 2023-12-31 13F FIVE BELOW COM 33829M101 322,879 -62,859 -16.30 68,825 10.89 0.0120
2024-11-13 2023-09-30 13F/A-1 FIVE BELOW COM 33829M101 385,738 -100,405 -20.65 62,065 -35.04 0.0126
2024-08-14 2023-06-30 13F/A-1 FIVE BELOW COM 33829M101 486,143 89,455 22.55 95,547 16.94 0.0189
2024-05-15 2023-03-31 13F/A-1 FIVE BELOW COM 33829M101 396,688 110,125 38.43 81,706 61.20 0.0179
2023-02-14 2022-12-31 13F FIVE BELOW COM 33829M101 286,563 46,287 19.26 50,684 53.23 0.0122
2023-11-13 2022-09-30 13F/A-1 FIVE BELOW COM 33829M101 240,276 -53,920 -18.33 33,079 -0.88 0.0088
2023-08-14 2022-06-30 13F/A-1 FIVE BELOW COM 33829M101 294,196 -37,885 -11.41 33,371 -36.55 0.0086
2023-05-12 2022-03-31 13F/A-1 FIVE BELOW COM 33829M101 332,081 -9,409 -2.76 52,592 -25.56 0.0115
2022-03-09 2021-12-31 13F/A-1 FIVE BELOW COM 33829M101 341,490 -121,375 -26.22 70,651 -13.67 0.0145
2022-11-14 2021-09-30 13F/A-1 FIVE BELOW COM 33829M101 462,865 -11,990 -2.52 81,839 -10.83 0.0181
2022-08-15 2021-06-30 13F/A-1 FIVE BELOW COM 33829M101 474,855 20,319 4.47 91,775 5.83 0.0199
2022-05-09 2021-03-31 13F/A-1 FIVE BELOW COM 33829M101 454,536 -3,356 -0.73 86,721 8.24 0.0199
2021-03-02 2020-12-31 13F/A-1 FIVE BELOW COM 33829M101 457,892 53,996 13.37 80,122 56.20 0.0187
2021-11-12 2020-09-30 13F/A-1 FIVE BELOW COM 33829M101 403,896 -55,958 -12.17 51,295 4.34 0.0136
2021-08-13 2020-06-30 13F/A-1 FIVE BELOW COM 33829M101 459,854 -22,847 -4.73 49,163 44.72 0.0142
2021-05-07 2020-03-31 13F/A-1 FIVE BELOW COM 33829M101 482,701 0 0.00 33,972 -44.96 0.0121
2020-03-03 2019-12-31 13F/A-1 FIVE BELOW COM 33829M101 482,701 0 0.00 61,718 1.39 0.0172
2020-11-13 2019-09-30 13F/A-1 FIVE BELOW COM 33829M101 482,701 -12,025 -2.43 60,869 2.51 0.0186
2020-08-13 2019-06-30 13F/A-1 FIVE BELOW COM 33829M101 494,726 -40,633 -7.59 59,377 -10.74 0.0183
2020-05-11 2019-03-31 13F/A-2 FIVE BELOW COM 33829M101 535,359 6,094 1.15 66,518 22.83 0.0215
2019-03-04 2018-12-31 13F/A-1 FIVE BELOW COM 33829M101 529,265 44,181 9.11 54,154 -14.16 0.0201
2019-12-02 2018-09-30 13F/A-3 FIVE BELOW COM 33829M101 485,084 0 0.00 63,090 33.11 0.0205
2019-12-02 2018-09-30 13F/A-2 FIVE BELOW COM 33829M101 485,084 0 63,090 0.0205
2019-11-12 2018-09-30 13F/A-1 FIVE BELOW COM 33829M101 485,084 0 63,090 0.0205
2019-08-12 2018-06-30 13F/A-1 FIVE BELOW COM 33829M101 485,084 46,999 10.73 47,397 47.52 0.0163
2019-05-15 2018-03-31 13F/A-2 FIVE BELOW COM 33829M101 438,085 52,439 13.60 32,129 25.62 0.0116
2018-03-05 2017-12-31 13F/A-1 FIVE BELOW COM 33829M101 385,646 -37,783 -8.92 25,576 10.06 0.0092
2018-11-13 2017-09-30 13F/A-1 FIVE BELOW COM 33829M101 423,429 21,539 5.36 23,238 17.12 0.0088
2018-07-24 2017-06-30 13F/A-1 FIVE BELOW COM 33829M101 401,890 188,549 88.38 19,841 114.73 0.0079
2018-05-11 2017-03-31 13F/A-1 FIVE BELOW COM 33829M101 213,341 -209,053 -49.49 9,240 -45.26 0.0038
2017-03-02 2016-12-31 13F/A-1 FIVE BELOW COM 33829M101 422,394 18,549 4.59 16,879 8.62 0.0074
2017-11-13 2016-09-30 13F/A-1 FIVE BELOW COM 33829M101 403,845 40,113 11.03 15,540 -7.94 0.0073
2017-08-09 2016-06-30 13F/A-1 FIVE BELOW COM 33829M101 363,732 167,400 85.26 16,881 108.00 0.0080
2017-05-10 2016-03-31 13F/A-1 FIVE BELOW COM 33829M101 196,332 0 0.00 8,116 28.78 0.0040
2016-04-18 2015-12-31 13F/A-2 FIVE BELOW COM 33829M101 196,332 -182,817 -48.22 6,302 -50.50 0.0031
2016-03-16 2015-12-31 13F/A-1 FIVE BELOW COM 33829M101 196,332 0 6,302 0.0032
2016-11-14 2015-09-30 13F/A-2 FIVE BELOW COM 33829M101 379,149 -29,827 -7.29 12,732 -21.25 0.0067
2016-08-12 2015-06-30 13F/A-1 FIVE BELOW COM 33829M101 408,976 165,289 67.83 16,167 86.51 0.0081
2016-05-13 2015-03-31 13F/A-1 FIVE BELOW COM 33829M101 243,687 -33,061 -11.95 8,668 -23.29 0.0042
2015-03-19 2014-12-31 13F/A-1 FIVE BELOW COM 33829M101 276,748 -99,851 11,300 0.0058
2016-04-18 2014-12-31 13F/A-2 FIVE BELOW COM 33829M101 276,748 -99,851 -26.51 11,300 -24.25 0.0057
2015-11-12 2014-09-30 13F/A-1 FIVE BELOW COM 33829M101 376,599 23,565 6.67 14,917 5.87 0.0081
2015-08-10 2014-06-30 13F/A-1 FIVE BELOW COM 33829M101 353,034 353,034 14,090 0.0076
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.