Victory Capital Management Trims Etsy Stake

The institutional investor sold over 112,000 shares of the online marketplace in Q3 2025.

Published on Mar. 8, 2026

Got story updates? Submit your updates here. ›

Victory Capital Management Inc. reduced its stake in Etsy, Inc. (NASDAQ:ETSY) by 13.9% in the third quarter of 2025, selling 112,999 shares. The institutional investor now owns 697,506 shares of the specialty retailer's stock, valued at $46.3 million as of its most recent SEC filing.

Why it matters

Etsy has seen significant institutional investment in recent years as the online marketplace for handmade, vintage and unique goods has grown in popularity. Victory Capital's decision to trim its Etsy holdings could signal broader shifts in investor sentiment around the stock.

The details

According to the report, Victory Capital Management sold the 112,999 Etsy shares during the third quarter of 2025. The firm now owns 697,506 shares of the specialty retailer's stock, worth $46.3 million. Several other hedge funds and institutional investors have also modified their Etsy holdings, with Holocene Advisors LP and Arrowstreet Capital Limited Partnership among the largest shareholders.

  • Victory Capital Management sold the Etsy shares in the third quarter of 2025.

The players

Victory Capital Management Inc.

An institutional investment management firm.

Etsy, Inc.

An online marketplace focused on handmade, vintage and unique goods.

Holocene Advisors LP

A hedge fund that is one of the largest shareholders of Etsy.

Arrowstreet Capital Limited Partnership

A hedge fund that is also one of the largest shareholders of Etsy.

Got photos? Submit your photos here. ›

The takeaway

Victory Capital's decision to trim its Etsy stake could signal broader shifts in investor sentiment around the online marketplace, as the stock has seen significant institutional investment in recent years. However, Etsy remains a popular investment, with large hedge funds like Holocene Advisors and Arrowstreet Capital continuing to hold major stakes.