Bath & Body Works
BBWI
400 hedge funds and large institutions have $14.3B invested in Bath & Body Works in 2014 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 129 increasing their positions, 157 reducing their positions, and 31 closing their positions.
400% more funds holding in top 10
Funds holding in top 10: 1 → 5 (+4)
61% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 31
34% more call options, than puts
Call options by funds: $206M | Put options by funds: $154M
21% more capital invested
Capital invested by funds: $11.8B → $14.3B (+$2.47B)
5.28% more ownership
Funds ownership: 85.29% → 90.57% (+5.3%)
4% more funds holding
Funds holding: 386 → 400 (+14)
18% less repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 157
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
+$306M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$259M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$239M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$206M |
| 5 |
HCM
Hoplite Capital Management
New York
|
+$97.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$282M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$126M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$80M |
| 4 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$57.8M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$57.1M |
BBWI Hedge Fund Activity: Q3 2014 in Review
400 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Bath & Body Works (BBWI) for Q3 2014, worth a combined $14.3B — up 21% from $11.8B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new BBWI positions and 31 closed out — a net gain of 19 holders — while 129 added to existing stakes and 157 trimmed.
The largest buyer was Abrams Bison Investments, opening a new position worth an estimated $306M. The largest seller was Goldman Sachs, cutting an estimated $282M.
- 400 institutional investors held Bath & Body Works (BBWI) as of Q3 2014, up from 386 in Q2 2014.
- Funds reported $14.3B of Bath & Body Works stock for Q3 2014, up 21% quarter-over-quarter.
- 50 funds opened new Bath & Body Works positions in Q3 2014 and 31 closed out, a net change of +19 holders.
- The largest Bath & Body Works buyer in Q3 2014 was Abrams Bison Investments, an estimated $306M added.
- The largest Bath & Body Works seller in Q3 2014 was Goldman Sachs, an estimated $282M sold.
Based on aggregated 13F filings for Q3 2014.