Bath & Body Works
BBWI
362 hedge funds and large institutions have $2.52B invested in Bath & Body Works in 2020 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 107 increasing their positions, 141 reducing their positions, and 100 closing their positions.
62% more call options, than puts
Call options by funds: $176M | Put options by funds: $108M
10.54% more ownership
Funds ownership: 87.01% → 97.55% (+11%)
11% less funds holding
Funds holding: 408 → 362 (-46)
24% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 141
28% less capital invested
Capital invested by funds: $3.52B → $2.52B (-$1B)
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
40% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 100
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$516M |
| 2 |
MCM
Melvin Capital Management
New York
|
+$255M |
| 3 |
SCM
Steadfast Capital Management
New York
|
+$162M |
| 4 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$151M |
| 5 |
CCM
Candlestick Capital Management
Greenwich,
Connecticut
|
+$101M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$106M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$88.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$85.3M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$62.3M |
| 5 |
Primecap Management
Pasadena,
California
|
-$52.8M |
BBWI Hedge Fund Activity: Q1 2020 in Review
362 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Bath & Body Works (BBWI) for Q1 2020, worth a combined $2.52B — down 28% from $3.52B a quarter earlier.
Sellers outnumbered buyers: 100 funds closed out of BBWI and 60 opened new positions — a net loss of 40 holders — while 141 trimmed existing stakes and 107 added.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $516M. The largest seller was Eminence Capital, exiting entirely with an estimated $106M sold.
- 362 institutional investors held Bath & Body Works (BBWI) as of Q1 2020, down from 408 in Q4 2019.
- Funds reported $2.52B of Bath & Body Works stock for Q1 2020, down 28% quarter-over-quarter.
- 60 funds opened new Bath & Body Works positions in Q1 2020 and 100 closed out, a net change of -40 holders.
- The largest Bath & Body Works buyer in Q1 2020 was Lone Pine Capital, an estimated $516M added.
- The largest Bath & Body Works seller in Q1 2020 was Eminence Capital, an estimated $106M sold.
Based on aggregated 13F filings for Q1 2020.