BATH & BODY WORKS INC BBWI
COM · Common Stock · CUSIP 070830104 · ISIN US0708301041
American retailer under the L Brands (formerly Limited Brands) umbrella, along with Victoria's Secret
- SectorConsumer discretionary
- IndustryRetail-Retail Stores, NEC
- HeadquartersColumbus, OH
- Founded1990
- Websitebathandbodyworks.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($19.4m this quarter). Holder counts are more reliable. Shares outstanding: 201.6m as of 2026-05-22, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $22.98. Options: 16 managers hold calls ($77.6m notional), 14 hold puts ($45.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 471 |
| Q4 2022 | 513 |
| Q1 2023 | 496 |
| Q2 2023 | 486 |
| Q3 2023 | 472 |
| Q4 2023 | 489 |
| Q1 2024 | 512 |
| Q2 2024 | 524 |
| Q3 2024 | 475 |
| Q4 2024 | 487 |
| Q1 2025 | 470 |
| Q2 2025 | 477 |
| Q3 2025 | 476 |
| Q4 2025 | 445 |
| Q1 2026 | 471 |
| Q2 2026 | 468 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 229 | 291 |
| Q4 2024 | 264 | 259 |
| Q1 2025 | 266 | 235 |
| Q2 2025 | 256 | 240 |
| Q3 2025 | 263 | 245 |
| Q4 2025 | 210 | 288 |
| Q1 2026 | 288 | 185 |
| Q2 2026 | 234 | 248 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $101.4m | $382.5m | 3.77 |
| Q4 2025 | $88.6m | $131.9m | 1.49 |
| Q1 2026 | $47.7m | $37.9m | 0.80 |
| Q2 2026 | $77.6m | $45.3m | 0.58 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +3.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +2.0m |
| Quantinno Capital Management LP | Added | +1.3m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +1.3m |
| GOLDMAN SACHS GROUP INC | Added | +983.4k |
| LSV ASSET MANAGEMENT | Added | +866.5k |
| Man Group plc | Added | +778.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +751.4k |
| BANK OF AMERICA CORP /DE/ | Added | +640.9k |
| DIMENSIONAL FUND ADVISORS LP | Added | +455.7k |
Biggest sellers
| AQR CAPITAL MANAGEMENT LLC | Reduced | -3.4m |
| Balyasny Asset Management L.P. | Reduced | -2.5m |
| D. E. Shaw & Co., Inc. | Reduced | -1.8m |
| JANE STREET GROUP, LLC | Sold out | -1.6m |
| Freestone Grove Partners LP | Sold out | -1.4m |
| Point72 Asset Management, L.P. | Reduced | -1.3m |
| Fund 1 Investments, LLC | Reduced | -1.2m |
| GMT Capital Corp | Reduced | -676.5k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -497.5k |
| ARGA Investment Management, LP | Reduced | -495.5k |
Biggest calls
| MASTERS CAPITAL MANAGEMENT LLC | New | $23.1m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.5m497.4k shares |
| CITADEL ADVISORS LLC | Reduced | $11.2m482.9k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $6.9m300.0k shares |
| GROUP ONE TRADING LLC | Reduced | $5.8m252.2k shares |
| IMC-Chicago, LLC | Added | $4.6m196.9k shares |
| Balyasny Asset Management L.P. | Reduced | $3.5m150.0k shares |
| JANE STREET GROUP, LLC | Reduced | $3.2m138.7k shares |
| SIMPLEX TRADING, LLC | Added | $2.5m108.3k shares |
| D. E. Shaw & Co., Inc. | Reduced | $1.4m60.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.0m821.8k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $6.9m300.0k shares |
| IMC-Chicago, LLC | Added | $4.9m210.9k shares |
| CITADEL ADVISORS LLC | Added | $4.9m210.6k shares |
| JANE STREET GROUP, LLC | Reduced | $2.3m100.5k shares |
| Walleye Trading LLC | Added | $1.8m76.3k shares |
| Jefferies Financial Group Inc. | New | $1.6m67.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $1.4m60.0k shares |
| SIMPLEX TRADING, LLC | Added | $791.0k34.2k shares |
| Point72 Asset Management, L.P. | Reduced | $587.5k25.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +2.1 pts · filed 2026-04-07 | 10.4% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 8.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: AQR CAPITAL MANAGEMENT LLC (3.8%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $177.8k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 6 | $1.0m | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.02% of their portfolio | 21.0m $486.7m | Added +155.0k |
| BlackRock, Inc. 0.01% of their portfolio | 19.4m $449.1m | Added +92.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 17.0m $393.6m | Added +2.0m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 9.1m $209.7m | Reduced -90.3k |
| D. E. Shaw & Co., Inc. 0.11% of their portfolio | 7.7m $178.8m | Reduced -1.8m |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 7.6m $173.2m | Reduced -3.4m |
| STATE STREET CORP 0.00% of their portfolio | 7.1m $165.2m | Added +202.5k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 5.6m $104.7m | Reduced -140.5k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 5.1m $118.1m | Added +3.0m |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 4.1m $94.7m | Reduced -379.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 4.0m $92.5m | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.7m $86.5m | Reduced -222.1k |
| GMT Capital Corp 4.22% of their portfolio | 3.5m $80.9m | Reduced -676.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.64% of their portfolio | 3.1m $72.1m | Added +264.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.19% of their portfolio | 3.1m $71.5m | Added +751.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 2.8m $65.1m | Added +36.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.8m $64.8m | Added +455.7k |
| MORGAN STANLEY 0.00% of their portfolio | 2.7m $63.4m | Added +195.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.7m $62.6m | Added +454.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.7m $62.2m | Added +640.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.7m $62.2m | Added +983.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.6m $59.3m | Added +111.1k |
| Point72 Asset Management, L.P. 0.09% of their portfolio | 2.4m $56.6m | Reduced -1.3m |
| Quantinno Capital Management LP 0.06% of their portfolio | 2.3m $53.5m | Added +1.3m |
| NORGES BANK 0.01% of their portfolio | 2.3m $52.7m | Not comparable |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 2.0m $46.7m | Reduced -38.9k |
| South Dakota Investment Council 0.75% of their portfolio | 1.9m $43.8m | Added +137.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.7m $39.9m | Added +60.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.7m $39.7m | Added +335.4k |
| Pacer Advisors, Inc. 0.10% of their portfolio | 1.7m $39.3m | Added +31.1k |
| Callodine Capital Management, LP 2.04% of their portfolio | 1.3m $31.1m | Added +292.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.3m $30.4m | Added +9.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.3m $29.5m | Added +6.1k |
| EARNEST PARTNERS LLC 0.10% of their portfolio | 1.2m $28.5m | Reduced -1.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 1.2m $28.4m | Added +439.9k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 1.2m $27.4m | Reduced -283.5k |
| ROYCE & ASSOCIATES LP 0.19% of their portfolio | 1.0m $24.1m | Added +193.8k |
| LSV ASSET MANAGEMENT 0.04% of their portfolio | 1.0m $24.0m | Added +866.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 1.0m $23.4m | Reduced -226.7k |
| Man Group plc 0.04% of their portfolio | 980.1k $22.7m | Added +778.4k |
| Capital International Investors 0.00% of their portfolio | 943.8k $21.8m | Added +27.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 923.8k $21.7m | Reduced -13.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 880.5k $20.4m | Added +136.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 861.0k $19.9m | Added +347.7k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 816.4k $18.9m | Reduced -2.5m |
| BARINGTON COMPANIES MANAGEMENT, LLC 12.61% of their portfolio | 775.0k $17.9m | Added +425.0k |
| Invesco Ltd. 0.00% of their portfolio | 762.3k $17.6m | Added +34.8k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 749.2k $17.3m | Added +192.4k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.46% of their portfolio | 738.4k $17.1m | Added +257.3k |
| OLD NATIONAL BANCORP /IN/ 0.33% of their portfolio | 718.8k $16.6m | Added +219.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 656.7k $15.2m | Added +315.0k |
| UBS Group AG 0.00% of their portfolio | 639.3k $14.8m | Added +279.3k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 636.0k $11.9m | Reduced -172.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 631.5k $14.6m | Added +313.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 628.2k $14.5m | Added +60.2k |
| STRS OHIO 0.05% of their portfolio | 600.9k $13.9m | Added +149.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 595.5k $13.8m | Added +50.1k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 588.9k $13.7m | Added +291.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 583.5k $13.5m | Added +36.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 583.3k $13.5m | Added +452.2k |
| Retirement Systems of Alabama 0.04% of their portfolio | 580.5k $13.4m | Reduced -255.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 567.6k $13.5m | Reduced -36.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 514.6k $11.9m | Reduced -7.2k |
| ALGERT GLOBAL LLC 0.14% of their portfolio | 503.3k $11.6m | Added +104.5k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 494.3k $11.4m | Reduced -8.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 479.5k $11.1m | Reduced -138.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 459.3k $10.6m | Reduced -497.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 457.3k $10.6m | Added +302 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 455.2k $10.5m | Added +356.2k |
| CITIGROUP INC 0.00% of their portfolio | 438.6k $10.1m | Added +240.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio | 407.7k $9.4m | Added +304.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 402.8k $9.3m | Added +149.6k |
| Erste Asset Management GmbH 0.07% of their portfolio | 396.5k $9.3m | Added +198.0k |
| Swiss National Bank 0.00% of their portfolio | 393.5k $9.1m | Reduced -11.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 386.9k $8.9m | Added +5.0k |
| Verition Fund Management LLC 0.06% of their portfolio | 386.5k $8.9m | New |
| THOMPSON SIEGEL & WALMSLEY LLC 0.16% of their portfolio | 380.9k $8.8m | Reduced -283.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 368.4k $8.5m | Reduced -40.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 364.1k $8.4m | Reduced -232.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 351.4k $8.1m | Added +350.5k |
| IEQ CAPITAL, LLC 0.03% of their portfolio | 310.4k $7.2m | Reduced -475.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio | 307.4k $7.1m | Reduced -6.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 304.4k $7.1m | Added +163.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 298.8k $6.9m | Reduced -40.7k |
| SEGALL BRYANT & HAMILL, LLC 0.07% of their portfolio | 267.6k $6.2m | Reduced -59.5k |
| Legal & General Group Plc 0.00% of their portfolio | 265.6k $6.1m | Reduced -8.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 257.9k $6.0m | Reduced -10.3k |
| Nuveen, LLC 0.00% of their portfolio | 247.4k $5.7m | Reduced -40.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 241.5k $5.6m | Added +10.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 231.9k $5.4m | Reduced -7.0k |
| KWMG, LLC 0.39% of their portfolio | 231.0k $5.3m | Added +17.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 221.3k $5.1m | Reduced -136.3k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 220.7k $5.1m | Added +86.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 204.7k $4.7m | Added +1.6k |
| Daiwa Securities Group Inc. 0.01% of their portfolio | 198.7k $4.6m | Added +178.9k |
| 1834 INVESTMENT ADVISORS CO 0.51% of their portfolio | 193.0k $4.5m | Added +174.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 186.0k $4.3m | Reduced -3.0k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 185.1k $4.3m | Reduced -6.4k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 180.6k $4.2m | Reduced -852 |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 179.9k $4.2m | Reduced -32.0k |