DNB Asset Management Reduces Bath & Body Works Stake

The investment firm lowered its holdings in the personal care retailer by 10.8% in the third quarter.

Published on Feb. 28, 2026

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DNB Asset Management AS lowered its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 10.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,335,950 shares of the company's stock after selling 162,305 shares during the quarter, representing a 0.65% ownership stake.

Why it matters

This filing provides insight into the investment decisions of a major institutional investor and could signal broader market sentiment around Bath & Body Works. Significant changes in ownership stakes by large funds can impact the stock price and trading volume.

The details

DNB Asset Management reduced its position in Bath & Body Works by selling 162,305 shares in the third quarter. The firm now owns 1,335,950 shares, or a 0.65% stake, in the personal care and home fragrance retailer.

  • The filing was made on February 28, 2026, covering the third quarter of 2025.

The players

DNB Asset Management AS

A Norwegian investment management firm that oversees over $100 billion in assets.

Bath & Body Works, Inc.

A leading specialty retailer focused on personal care, home fragrance and complementary products, operating over 1,700 stores across the United States.

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The takeaway

This filing indicates that a major institutional investor has reduced its position in Bath & Body Works, potentially signaling broader market uncertainty around the retailer's near-term prospects. However, Bath & Body Works remains a significant holding for DNB Asset Management, suggesting the firm still sees long-term value in the company.