Primecap Management Co. CA Reduces Bath & Body Works Holdings

Hedge fund lowers stake in retailer by 17% in Q3 2025

Published on Feb. 28, 2026

Primecap Management Co. CA, a major institutional investor, reduced its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 17% during the third quarter of 2025, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 354,950 shares of the company's stock, down from 427,600 shares previously.

Why it matters

Bath & Body Works has faced some headwinds in recent quarters, with its stock price declining amid broader market volatility. The reduction in Primecap's holdings could signal broader investor concerns about the company's near-term outlook, though the hedge fund still maintains a sizable position.

The details

According to the 13F filing, Primecap Management sold 72,650 shares of Bath & Body Works stock during the third quarter. The firm now owns approximately 0.17% of the company's outstanding shares, valued at $9.14 million as of the end of the reporting period.

  • Primecap Management reduced its Bath & Body Works holdings in Q3 2025.

The players

Primecap Management Co. CA

A major institutional investment management firm that owns stakes in various public companies.

Bath & Body Works, Inc.

A leading specialty retailer focused on personal care, home fragrance, and complementary products.

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The takeaway

The reduction in Primecap's Bath & Body Works holdings could signal broader investor concerns about the company's near-term outlook, though the hedge fund still maintains a sizable position in the retailer.