Bath & Body Works
BBWI
466 hedge funds and large institutions have $6.39B invested in Bath & Body Works in 2025 Q1 according to their latest regulatory filings, with 78 funds opening new positions, 197 increasing their positions, 143 reducing their positions, and 93 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 143
1.23% more ownership
Funds ownership: 97.08% → 98.32% (+1.2%)
4% less funds holding
Funds holding: 485 → 466 (-19)
16% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 93
22% less capital invested
Capital invested by funds: $8.15B → $6.39B (-$1.76B)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
39% less call options, than puts
Call options by funds: $117M | Put options by funds: $191M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$239M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$202M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$103M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$69.9M |
| 5 |
CCM
Cadian Capital Management
New York
|
+$57.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$229M |
| 2 |
Primecap Management
Pasadena,
California
|
-$148M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$112M |
| 4 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
-$86.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$77M |
BBWI Hedge Fund Activity: Q1 2025 in Review
466 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Bath & Body Works (BBWI) for Q1 2025, worth a combined $6.39B — down 22% from $8.15B a quarter earlier.
Sellers outnumbered buyers: 93 funds closed out of BBWI and 78 opened new positions — a net loss of 15 holders — while 143 trimmed existing stakes and 197 added.
The largest buyer was Victory Capital Management, adding an estimated $239M. The largest seller was BlackRock, cutting an estimated $229M.
- 466 institutional investors held Bath & Body Works (BBWI) as of Q1 2025, down from 485 in Q4 2024.
- Funds reported $6.39B of Bath & Body Works stock for Q1 2025, down 22% quarter-over-quarter.
- 78 funds opened new Bath & Body Works positions in Q1 2025 and 93 closed out, a net change of -15 holders.
- The largest Bath & Body Works buyer in Q1 2025 was Victory Capital Management, an estimated $239M added.
- The largest Bath & Body Works seller in Q1 2025 was BlackRock, an estimated $229M sold.
Based on aggregated 13F filings for Q1 2025.