Bath & Body Works
BBWI
468 hedge funds and large institutions have $7.45B invested in Bath & Body Works in 2023 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 164 increasing their positions, 181 reducing their positions, and 60 closing their positions.
14% more capital inflows, than outflows
Capital inflows: $990M | Capital outflows: $866M
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
2.13% more ownership
Funds ownership: 94.76% → 96.89% (+2.1%)
9% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 181
3% less funds holding
Funds holding: 482 → 468 (-14)
15% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 60
43% less call options, than puts
Call options by funds: $73.8M | Put options by funds: $129M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Darsana Capital Partners
New York
|
+$81.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$74.6M |
| 3 |
GMT Capital
Atlanta,
Georgia
|
+$56.8M |
| 4 |
Junto Capital Management
New York
|
+$51.1M |
| 5 |
Champlain Investment Partners
Burlington,
Vermont
|
+$49.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lone Pine Capital
Greenwich,
Connecticut
|
-$278M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$63.5M |
| 3 |
Renaissance Technologies
New York
|
-$49.9M |
| 4 |
Atreides Management
Boston,
Massachusetts
|
-$43.5M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$43.4M |
BBWI Hedge Fund Activity: Q3 2023 in Review
468 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in Bath & Body Works (BBWI) for Q3 2023, worth a combined $7.45B — down 8.4% from $8.13B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of BBWI and 51 opened new positions — a net loss of 9 holders — while 181 trimmed existing stakes and 164 added.
The largest buyer was Darsana Capital Partners, opening a new position worth an estimated $81.7M. The largest seller was Lone Pine Capital, cutting an estimated $278M.
- 468 institutional investors held Bath & Body Works (BBWI) as of Q3 2023, down from 482 in Q2 2023.
- Funds reported $7.45B of Bath & Body Works stock for Q3 2023, down 8.4% quarter-over-quarter.
- 51 funds opened new Bath & Body Works positions in Q3 2023 and 60 closed out, a net change of -9 holders.
- The largest Bath & Body Works buyer in Q3 2023 was Darsana Capital Partners, an estimated $81.7M added.
- The largest Bath & Body Works seller in Q3 2023 was Lone Pine Capital, an estimated $278M sold.
Based on aggregated 13F filings for Q3 2023.