VICTORIAS SECRET AND CO VSXY
COMMON STOCK · Common Stock · CUSIP 926400102 · ISIN US9264001028
American retailer of lingerie
- SectorConsumer discretionary
- IndustryRetail-Women's Clothing Stores
- HeadquartersReynoldsburg, OH
- Founded1977
- Websitevictoriassecret.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 ($1.4m this quarter). Holder counts are more reliable. Shares outstanding: 77.1m as of 2023-05-26, 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 ≈ $17.51. Options: 17 managers hold calls ($27.9m notional), 18 hold puts ($29.3m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 253 |
| Q4 2022 | 274 |
| Q1 2023 | 273 |
| Q2 2023 | 234 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 114 | 128 |
| Q1 2023 | 126 | 144 |
| Q2 2023 | 101 | 149 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $48.3m | $33.1m | 0.68 |
| Q4 2022 | $42.8m | $29.5m | 0.69 |
| Q1 2023 | $60.4m | $188.1m | 3.12 |
| Q2 2023 | $27.9m | $29.3m | 1.05 |
Biggest buyers
| BlackRock Inc. | Added | +3.1m |
| MORGAN STANLEY | Added | +2.8m |
| UBS Group AG | Added | +1.3m |
| Pacer Advisors, Inc. | Added | +847.7k |
| VANGUARD GROUP INC | Added | +815.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +726.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +681.6k |
| WINDACRE PARTNERSHIP LLC | Added | +448.7k |
| STATE STREET CORP | Added | +373.1k |
| Invesco Ltd. | Added | +311.5k |
Biggest sellers
| FMR LLC | Reduced | -12.6m |
| Point72 Asset Management, L.P. | Sold out | -2.6m |
| Sound Shore Management Inc /CT/ | Sold out | -2.0m |
| Balyasny Asset Management L.P. | Sold out | -1.8m |
| Erste Asset Management GmbH | Reduced | -1.2m |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Reduced | -1.1m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -336.5k |
| Hudson Bay Capital Management LP | Sold out | -325.7k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -306.1k |
| Schonfeld Strategic Advisors LLC | Sold out | -293.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.5m317.5k shares |
| Cubist Systematic Strategies, LLC | New | $3.6m207.7k shares |
| SIMPLEX TRADING, LLC | Added | $3.2m180.9k shares |
| Walleye Capital LLC | New | $2.8m163.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.6m151.7k shares |
| CITADEL ADVISORS LLC | Reduced | $2.6m149.1k shares |
| JANE STREET GROUP, LLC | Added | $1.6m94.6k shares |
| TWO SIGMA SECURITIES, LLC | Added | $1.3m73.9k shares |
| D. E. Shaw & Co., Inc. | Reduced | $1.2m69.3k shares |
| Walleye Trading LLC | Reduced | $878.5k50.4k shares |
Biggest puts
| Lombard Odier Asset Management (USA) Corp | New | $8.7m500.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.6m493.3k shares |
| D. E. Shaw & Co., Inc. | Added | $2.4m136.8k shares |
| CITADEL ADVISORS LLC | Added | $2.4m135.2k shares |
| Cubist Systematic Strategies, LLC | New | $2.3m134.1k shares |
| Walleye Capital LLC | New | $1.3m76.7k shares |
| TWO SIGMA SECURITIES, LLC | New | $643.2k36.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $502.0k28.8k shares |
| PEAK6 Investments LLC | Reduced | $500.2k28.7k shares |
| JANE STREET GROUP, LLC | New | $484.6k27.8k 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 |
|---|---|
| BlackRock, Inc. 13G · institution -1.2 pts · filed 2025-07-17 | 13.7% |
| FMR LLC 13G · institution +3.2 pts · filed 2026-06-05 | 10.9% |
| BBRC INTERNATIONAL PTE LTD 13D · may seek influence -1.8 pts · filed 2026-07-29 | 9.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 4 | $2.7m | — |
| Q1 2022 | 0 | — | 2 | $395.7k | — |
| Q2 2022 | 0 | — | 1 | $338.0k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.00% of their portfolio | 10.3m $178.8m | Added +3.1m |
| FMR LLC 0.01% of their portfolio | 8.7m $152.0m | Reduced -12.6m |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.7m $151.6m | Added +815.2k |
| WINDACRE PARTNERSHIP LLC 2.28% of their portfolio | 6.8m $118.3m | Added +448.7k |
| MORGAN STANLEY 0.01% of their portfolio | 4.6m $80.9m | Added +2.8m |
| UBS Group AG 0.02% of their portfolio | 2.9m $51.3m | Added +1.3m |
| STATE STREET CORP 0.00% of their portfolio | 2.9m $50.4m | Added +373.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.04% of their portfolio | 2.4m $42.0m | Reduced -23.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.4m $42.0m | Reduced -264.3k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.4m $24.8m | Added +681.6k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 0.77% of their portfolio | 1.2m $20.3m | Reduced -39.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $19.4m | Reduced -15.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 856.0k $14.9m | Added +82.3k |
| Pacer Advisors, Inc. 0.06% of their portfolio | 853.5k $14.9m | Added +847.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.13% of their portfolio | 775.5k $13.5m | Reduced -1.1m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 747.1k $13.0m | Added +726.0k |
| NORGES BANK 0.00% of their portfolio | 704.4k $12.3m | Reduced -113.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 678.3k $11.8m | Reduced -306.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 652.6k $11.4m | Added +199.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 650.7k $11.3m | Reduced -90.9k |
| TOWLE & CO 1.48% of their portfolio | 643.5k $11.2m | Reduced -4.1k |
| Invesco Ltd. 0.00% of their portfolio | 633.6k $11.0m | Added +311.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 468.3k $8.2m | Reduced -202.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 446.5k $7.8m | Added +124.9k |
| COATUE MANAGEMENT LLC 0.04% of their portfolio | 446.5k $7.8m | Unchanged |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 423.7k $7.4m | Added +88.6k |
| GOLDENTREE ASSET MANAGEMENT LP 0.59% of their portfolio | 371.7k $6.5m | Reduced -188.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 363.3k $6.3m | Added +266.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 359.0k $6.3m | Added +251.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 335.5k $11.5m | Unchanged |
| QVIDTVM Management LLC 3.49% of their portfolio | 325.5k $5.7m | Reduced -75.0k |
| Lodge Hill Capital, LLC 1.80% of their portfolio | 305.0k $5.3m | Reduced -60.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 300.2k $5.2m | Reduced -12.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 297.0k $5.2m | Added +198.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 283.0k $4.9m | Reduced -191.4k |
| BARCLAYS PLC 0.00% of their portfolio | 268.5k $4.7m | Added +33.5k |
| ARMISTICE CAPITAL, LLC 0.12% of their portfolio | 266.8k $4.6m | Added +102.2k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 246.1k $4.3m | Reduced -63.3k |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 234.6k $4.1m | Reduced -50.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 221.2k $3.9m | Added +25.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 219.4k $3.8m | Reduced -30.0k |
| Legal & General Group Plc 0.00% of their portfolio | 218.0k $3.8m | Added +92.6k |
| Contrarius Investment Management Ltd 0.20% of their portfolio | 215.1k $3.8m | Reduced -56.1k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 201.9k $3.5m | Added +28.4k |
| Squarepoint Ops LLC 0.02% of their portfolio | 197.1k $3.4m | Added +109.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 169.1k $2.9m | Added +52.6k |
| California Public Employees Retirement System 0.00% of their portfolio | 155.8k $2.7m | Reduced -2.7k |
| CLARK ESTATES INC/NY 0.46% of their portfolio | 155.0k $2.7m | New |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 154.4k $2.7m | Added +146.0k |
| Swiss National Bank 0.00% of their portfolio | 153.5k $2.7m | Reduced -21.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 149.1k $2.6m | Reduced -69.6k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.34% of their portfolio | 147.9k $2.6m | Added +123.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 143.1k $2.5m | Added +81.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 142.4k $2.5m | Added +49.1k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 139.0k $2.4m | New |
| Alaska Permanent Fund Corp 0.04% of their portfolio | 129.0k $2.2m | First filing |
| Polar Asset Management Partners Inc. 0.04% of their portfolio | 124.5k $2.2m | New |
| Gotham Asset Management, LLC 0.05% of their portfolio | 121.3k $2.1m | Added +61.6k |
| Woodline Partners LP 0.02% of their portfolio | 119.1k $2.1m | New |
| Holocene Advisors, LP 0.01% of their portfolio | 114.1k $2.0m | Added +77.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 111.5k $1.9m | Reduced -240.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 105.1k $1.8m | Reduced -4.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 102.4k $1.8m | Added +4.5k |
| FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio | 98.3k $1.7m | Reduced -2.4k |
| WINTON GROUP Ltd 0.14% of their portfolio | 97.4k $1.7m | Reduced -7.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 93.7k $1.6m | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 88.8k $1.5m | Added +14.3k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 88.5k $1.5m | Added +52.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 88.3k $1.5m | Reduced -13.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 79.4k $1.4m | Reduced -5.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 74.9k $1.3m | Added +53.6k |
| GTS SECURITIES LLC 0.04% of their portfolio | 69.5k $1.2m | First filing |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 69.0k $1.2m | Reduced -3.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 68.1k $1.2m | Reduced -11.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 66.8k $1.2m | Added +20.4k |
| Keeley-Teton Advisors, LLC 0.14% of their portfolio | 62.4k $1.1m | Reduced -502 |
| SEVEN EIGHT CAPITAL, LP 0.17% of their portfolio | 58.9k $1.0m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 57.2k $997.0k | Added +49.2k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 51.5k $897.0k | Added +40.4k |
| Brevan Howard Capital Management LP 0.16% of their portfolio | 50.1k $872.8k | New |
| Cubist Systematic Strategies, LLC 0.01% of their portfolio | 49.9k $870.6k | Added +35.6k |
| Engineers Gate Manager LP 0.03% of their portfolio | 48.8k $850.2k | New |
| GROUP ONE TRADING LLC 0.04% of their portfolio | 48.0k $836.3k | Reduced -43.3k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 45.8k $798.9k | Reduced -4.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 43.2k $754.0k | Reduced -8.4k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 41.6k $725.0k | Added +328 |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 41.1k $716.4k | Added +19.7k |
| FORMULA GROWTH LTD 0.22% of their portfolio | 40.0k $697.2k | New |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 38.9k $677.6k | Added +19.1k |
| RIVER GLOBAL INVESTORS LLP 0.13% of their portfolio | 38.8k $677.0k | Reduced -4.5k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 38.5k $670.7k | Added +596 |
| JT Stratford LLC 0.18% of their portfolio | 37.8k $659.1k | New |
| AMALGAMATED BANK 0.01% of their portfolio | 37.6k $655.0k | Reduced -21.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 37.3k $649.0k | Reduced -4.6k |
| Mutual Advisors, LLC 0.02% of their portfolio | 36.8k $641.9k | Reduced -76 |
| Maryland State Retirement & Pension System 0.01% of their portfolio | 36.4k $633.9k | New |
| Nebula Research & Development LLC 0.48% of their portfolio | 36.2k $630.7k | New |
| CITIGROUP INC 0.00% of their portfolio | 34.5k $601.7k | Added +23.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 34.3k $598.1k | Reduced -4.2k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 34.2k $595.0k | Reduced -1.3k |