Bath & Body Works
BBWI
388 hedge funds and large institutions have $12.7B invested in Bath & Body Works in 2013 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 126 increasing their positions, 161 reducing their positions, and 36 closing their positions.
87.55% more ownership
Funds ownership: 0% → 87.55% (+88%)
39% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 36
3% more funds holding
Funds holding: 376 → 388 (+12)
1% less capital invested
Capital invested by funds: $12.8B → $12.7B (-$131M)
16% less call options, than puts
Call options by funds: $125M | Put options by funds: $149M
22% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 161
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPLP
Lansdowne Partners Limited Partnership
London,
United Kingdom
|
+$227M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$97.4M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$76.6M |
| 4 |
Coatue Management
New York
|
+$54.6M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$44.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$222M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$217M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$154M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$96.9M |
| 5 |
CCM
Conatus Capital Management
Greenwich,
Connecticut
|
-$53.8M |
BBWI Hedge Fund Activity: Q4 2013 in Review
388 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Bath & Body Works (BBWI) for Q4 2013, worth a combined $12.7B — down 1% from $12.8B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new BBWI positions and 36 closed out — a net gain of 14 holders — while 126 added to existing stakes and 161 trimmed.
The largest buyer was Lansdowne Partners Limited Partnership, adding an estimated $227M. The largest seller was Janus Henderson Investors US, cutting an estimated $222M.
- 388 institutional investors held Bath & Body Works (BBWI) as of Q4 2013, up from 376 in Q3 2013.
- Funds reported $12.7B of Bath & Body Works stock for Q4 2013, down 1% quarter-over-quarter.
- 50 funds opened new Bath & Body Works positions in Q4 2013 and 36 closed out, a net change of +14 holders.
- The largest Bath & Body Works buyer in Q4 2013 was Lansdowne Partners Limited Partnership, an estimated $227M added.
- The largest Bath & Body Works seller in Q4 2013 was Janus Henderson Investors US, an estimated $222M sold.
Based on aggregated 13F filings for Q4 2013.