Victory Capital Management Sells Stake in Bath & Body Works

Institutional investor cuts holding by 34.7% in third quarter

Published on Mar. 4, 2026

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Victory Capital Management Inc. reduced its position in Bath & Body Works, Inc. (NYSE:BBWI) by 34.7% in the third quarter, according to the company's disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,510,117 shares of the company's stock, valued at $219,221,000, after selling 4,526,152 shares during the period.

Why it matters

The reduction in Victory Capital's stake in Bath & Body Works reflects broader shifts in institutional ownership of the specialty retailer's stock. The move could signal changing investor sentiment or portfolio rebalancing by the firm.

The details

According to the SEC filing, Victory Capital Management sold 4,526,152 shares of Bath & Body Works in the third quarter, reducing its total holding to 8,510,117 shares. This represents a 34.7% decrease in the firm's position in the company. Bath & Body Works is a leading specialty retailer focused on personal care, home fragrance, and complementary products.

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

The players

Victory Capital Management Inc.

An institutional investment management firm that previously held a significant stake in Bath & Body Works.

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 Victory Capital's position in Bath & Body Works reflects broader shifts in institutional ownership of the stock, which could signal changing investor sentiment or portfolio rebalancing by the firm. The move highlights the evolving landscape of institutional investment in the specialty retail sector.