First Trust Advisors LP Trims Stake in Steven Madden, Ltd.

The fund sold over 320,000 shares of the textile maker in the third quarter.

Mar. 13, 2026 at 7:55am

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First Trust Advisors LP reduced its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 22.7% in the third quarter, according to a recent SEC filing. The fund now owns 1,091,039 shares of the textile maker's stock, worth approximately $36.5 million as of the end of the quarter.

Why it matters

This filing provides insight into the investment strategy and portfolio adjustments of First Trust Advisors, a major institutional investor. Changes in large investor holdings can influence a stock's price and trading volume.

The details

According to the filing, First Trust Advisors sold 320,894 shares of Steven Madden during the third quarter. The fund now owns about 1.5% of the company's outstanding shares. Steven Madden is a designer and marketer of fashion footwear, handbags and accessories, with a portfolio of brands that includes its core Steve Madden label as well as Madden Girl and Dolce Vita.

  • The filing covers the third quarter of 2026.

The players

First Trust Advisors LP

An investment management firm that provides a variety of financial products and services.

Steven Madden, Ltd.

A New York-based designer and marketer of fashion footwear, handbags and accessories, with a portfolio of contemporary and lifestyle brands.

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The takeaway

This filing highlights the portfolio adjustments of a major institutional investor, which can provide insights into the market's sentiment towards Steven Madden's stock. Investors may want to monitor any further changes in large shareholder positions for indications of the stock's future performance.