Tremblant Capital Group Trims Victoria's Secret & Co. Stake

Hedge fund reduces holding in lingerie retailer by 2.5% in Q3

Mar. 14, 2026 at 12:40pm by Ben Kaplan

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Tremblant Capital Group, an institutional investor, trimmed its position in Victoria's Secret & Co. (NYSE:VSCO) by 2.5% in the third quarter, according to a recent SEC filing. The hedge fund now owns 728,571 shares of the company's stock, valued at $19.8 million, making it the 22nd largest holding in Tremblant's investment portfolio.

Why it matters

Victoria's Secret is a major player in the intimate apparel industry, and changes in institutional ownership can signal shifts in investor sentiment around the company's performance and future prospects. Tremblant's decision to reduce its stake may indicate concerns about the brand's growth or profitability.

The details

According to the filing, Tremblant Capital Group sold 19,025 shares of Victoria's Secret & Co. during the third quarter. The hedge fund now holds a 2% stake in the company. Several other institutional investors and hedge funds have also recently adjusted their positions in VSCO, with some increasing and others decreasing their holdings.

  • Tremblant Capital Group filed its Q3 2026 13F report with the SEC on March 14, 2026.

The players

Tremblant Capital Group

A hedge fund that has reduced its stake in Victoria's Secret & Co. by 2.5% in the third quarter of 2026.

Victoria's Secret & Co.

A leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women, operating a portfolio of brands including Victoria's Secret and PINK.

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The takeaway

Tremblant Capital Group's decision to trim its position in Victoria's Secret & Co. could signal broader concerns about the lingerie retailer's performance and growth prospects, though the reasons behind the hedge fund's move are not entirely clear from the limited information provided.