Victory Capital Trims Stake in Tapestry, Inc.

Institutional investor reduces position in luxury accessories retailer by 85.4%

Published on Mar. 11, 2026

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Victory Capital Management Inc. has reduced its stake in Tapestry, Inc. (NYSE:TPR) by 85.4% in the third quarter, according to a recent SEC filing. The firm now owns approximately 122,978 shares of the luxury accessories retailer's stock, down from 717,303 shares previously.

Why it matters

This transaction highlights the shifting investment landscape around Tapestry, as major institutional investors adjust their positions in the company. Tapestry's performance and outlook are closely watched by the broader market, making changes to large shareholders' stakes noteworthy.

The details

According to the SEC filing, Victory Capital Management sold 717,303 shares of Tapestry stock during the third quarter, reducing its position by 85.4%. The firm now owns approximately 122,978 shares, or 0.06% of Tapestry's outstanding stock, valued at $13.9 million as of the most recent filing.

  • Victory Capital Management filed the SEC disclosure in the third quarter of 2026.

The players

Victory Capital Management Inc.

An investment management firm that has reduced its stake in Tapestry, Inc. by 85.4%.

Tapestry, Inc.

A New York-based house of fashion brands that includes Coach, Kate Spade New York, and Stuart Weitzman.

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The takeaway

This transaction reflects the shifting investment landscape around Tapestry, as major institutional investors reevaluate their positions in the luxury accessories retailer. The changes in large shareholder stakes can provide insights into the market's sentiment towards the company's performance and outlook.