Victory Capital Management Inc. Sells Etsy Shares

Institutional investor reduces stake in online marketplace

Published on Mar. 8, 2026

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Victory Capital Management Inc., an institutional investor, has reduced its position in Etsy, Inc. (NASDAQ:ETSY) by selling 112,999 shares in the third quarter. The firm now owns 697,506 shares, or about 0.71% of the specialty retailer's stock, worth $46.3 million at the end of the reporting period.

Why it matters

Etsy has seen significant institutional investment and trading activity as the online marketplace for handmade, vintage and unique goods has grown in popularity. Tracking changes in major shareholders' positions can provide insights into market sentiment and potential future performance of the stock.

The details

According to a 13F filing with the SEC, Victory Capital Management sold 112,999 shares of Etsy, reducing its stake by 13.9% during the third quarter. The firm now holds 697,506 shares, or about 0.71% of the company's outstanding stock, valued at $46.3 million.

  • Victory Capital Management filed its 13F report for the third quarter of 2026.

The players

Victory Capital Management Inc.

An institutional investment management firm that has held a significant stake in Etsy, Inc.

Etsy, Inc.

An online marketplace focused on handmade, vintage and unique goods that has attracted substantial institutional investment.

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The takeaway

The reduction in Victory Capital Management's Etsy position suggests the firm may have a less bullish outlook on the stock's near-term performance, though Etsy continues to draw significant institutional interest overall as the online marketplace grows.