Victoria's Secret
VSXY
381 hedge funds and large institutions have $4.36B invested in Victoria's Secret in 2025 Q4 according to their latest regulatory filings, with 122 funds opening new positions, 95 increasing their positions, 113 reducing their positions, and 37 closing their positions.
230% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 37
128% more capital invested
Capital invested by funds: $1.91B → $4.36B (+$2.44B)
124% more call options, than puts
Call options by funds: $107M | Put options by funds: $47.8M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
25% more funds holding
Funds holding: 305 → 381 (+76)
12.27% more ownership
Funds ownership: 87.91% → 100.19% (+12%)
16% less repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 113
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$64.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$56M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$53.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$38.9M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$38.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$74.5M |
| 2 |
GAM
Goldentree Asset Management
New York
|
-$66.3M |
| 3 |
Primecap Management
Pasadena,
California
|
-$50.4M |
| 4 |
Morgan Stanley
New York
|
-$37.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$28.4M |
VSXY Hedge Fund Activity: Q4 2025 in Review
381 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Victoria's Secret (VSXY) for Q4 2025, worth a combined $4.36B — up 128% from $1.91B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new VSXY positions and 37 closed out — a net gain of 85 holders — while 95 added to existing stakes and 113 trimmed.
The largest buyer was Fuller & Thaler Asset Management, opening a new position worth an estimated $64.4M. The largest seller was Cramer Rosenthal McGlynn, cutting an estimated $74.5M.
- 381 institutional investors held Victoria's Secret (VSXY) as of Q4 2025, up from 305 in Q3 2025.
- Funds reported $4.36B of Victoria's Secret stock for Q4 2025, up 128% quarter-over-quarter.
- 122 funds opened new Victoria's Secret positions in Q4 2025 and 37 closed out, a net change of +85 holders.
- The largest Victoria's Secret buyer in Q4 2025 was Fuller & Thaler Asset Management, an estimated $64.4M added.
- The largest Victoria's Secret seller in Q4 2025 was Cramer Rosenthal McGlynn, an estimated $74.5M sold.
Based on aggregated 13F filings for Q4 2025.