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 ($795.3k this quarter). Holder counts are more reliable. Shares outstanding: 79.9m as of 2025-06-06, 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 ≈ $18.53. Options: 21 managers hold calls ($61.9m notional), 18 hold puts ($54.1m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 253 |
| Q4 2022 | 274 |
| Q1 2023 | 273 |
| Q2 2023 | 234 |
| Q3 2023 | 228 |
| Q4 2023 | 254 |
| Q1 2024 | 252 |
| Q2 2024 | 263 |
| Q3 2024 | 303 |
| Q4 2024 | 344 |
| Q1 2025 | 308 |
| Q2 2025 | 300 |
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 2023 | 92 | 121 |
| Q4 2023 | 123 | 114 |
| Q1 2024 | 117 | 140 |
| Q2 2024 | 133 | 120 |
| Q3 2024 | 145 | 134 |
| Q4 2024 | 165 | 147 |
| Q1 2025 | 157 | 179 |
| Q2 2025 | 142 | 155 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $74.1m | $70.6m | 0.95 |
| Q4 2024 | $82.5m | $63.7m | 0.77 |
| Q1 2025 | $105.4m | $51.7m | 0.49 |
| Q2 2025 | $61.9m | $54.1m | 0.87 |
Biggest buyers
| PRIMECAP MANAGEMENT CO/CA/ | Added | +1.9m |
| GOLDENTREE ASSET MANAGEMENT LP | Added | +1.2m |
| MARSHALL WACE, LLP | Added | +891.2k |
| DME Capital Management, LP | New | +887.8k |
| D. E. Shaw & Co., Inc. | Added | +856.5k |
| DIMENSIONAL FUND ADVISORS LP | Added | +702.7k |
| BARINGTON COMPANIES MANAGEMENT, LLC | Added | +602.7k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +540.7k |
| T. Rowe Price Investment Management, Inc. | Added | +495.9k |
| Allianz Asset Management GmbH | Added | +386.1k |
Biggest sellers
| Schonfeld Strategic Advisors LLC | Reduced | -1.2m |
| J. Goldman & Co LP | Reduced | -895.4k |
| BlackRock, Inc. | Reduced | -711.3k |
| Fund 1 Investments, LLC | Sold out | -706.6k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Sold out | -653.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -627.8k |
| Point72 Hong Kong Ltd | Sold out | -597.2k |
| Point72 Asset Management, L.P. | Sold out | -553.5k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -551.1k |
| Qube Research & Technologies Ltd | Reduced | -531.0k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $10.7m578.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.6m519.1k shares |
| Cinctive Capital Management LP | New | $8.8m475.0k shares |
| J. Goldman & Co LP | Reduced | $8.1m440.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $3.4m185.7k shares |
| IMC-Chicago, LLC | Added | $3.3m179.0k shares |
| GROUP ONE TRADING LLC | Added | $2.8m149.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.7m144.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.0m105.7k shares |
| D. E. Shaw & Co., Inc. | Added | $1.7m92.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.2m767.1k shares |
| CITADEL ADVISORS LLC | Reduced | $6.6m357.4k shares |
| WELLS FARGO & COMPANY/MN | New | $5.6m300.0k shares |
| D. E. Shaw & Co., Inc. | Added | $4.0m216.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.5m191.6k shares |
| SIMPLEX TRADING, LLC | Added | $3.3m178.2k shares |
| IMC-Chicago, LLC | Reduced | $3.1m168.7k shares |
| WOLVERINE TRADING, LLC | Added | $3.0m153.5k shares |
| Squarepoint Ops LLC | Added | $2.9m156.1k shares |
| GROUP ONE TRADING LLC | Added | $2.5m137.4k 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 |
|---|---|
| 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 2025
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 2023 | 1 | $343.2k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 1 | $21.4k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-03 | BBRC INTERNATIONAL PTE LTD 10% owner · See Footnote 2 | Bought | $3.4m212.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 11.9m $219.5m | Reduced -711.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.9m $164.4m | Reduced -89.6k |
| STATE STREET CORP 0.00% of their portfolio | 3.1m $56.6m | Reduced -164.9k |
| GOLDENTREE ASSET MANAGEMENT LP 5.34% of their portfolio | 3.0m $55.2m | Added +1.2m |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 2.4m $43.8m | Added +495.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.3m $42.8m | Added +702.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.03% of their portfolio | 2.0m $36.5m | Added +1.9m |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 2.0m $36.5m | Added +540.7k |
| CRAMER ROSENTHAL MCGLYNN LLC 2.28% of their portfolio | 1.8m $33.2m | Added +384.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.7m $32.2m | Reduced -105.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.5m $28.4m | Reduced -58.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $27.6m | Added +123.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $26.2m | Added +164.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $23.3m | Added +114.6k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.1m $21.0m | Added +856.5k |
| Capital Research Global Investors 0.00% of their portfolio | 1.0m $19.4m | Unchanged |
| MARSHALL WACE, LLP 0.02% of their portfolio | 923.8k $17.1m | Added +891.2k |
| DME Capital Management, LP 0.71% of their portfolio | 887.8k $16.4m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 844.1k $15.6m | Reduced -19.8k |
| BARINGTON COMPANIES MANAGEMENT, LLC 14.45% of their portfolio | 838.9k $15.5m | Added +602.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 791.3k $14.7m | Reduced -627.8k |
| Invesco Ltd. 0.00% of their portfolio | 772.9k $14.3m | Added +57.0k |
| TREMBLANT CAPITAL GROUP 1.34% of their portfolio | 747.6k $13.8m | Reduced -330.0k |
| Broad Bay Capital Management, LP 1.81% of their portfolio | 696.1k $12.9m | Reduced -305.7k |
| Nuveen, LLC 0.00% of their portfolio | 664.8k $12.3m | Added +278.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 558.7k $10.3m | Reduced -42.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 518.6k $9.6m | Reduced -13.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 514.4k $9.5m | Reduced -266.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 490.2k $9.1m | Added +98.4k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 487.2k $9.0m | Added +386.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 462.9k $8.6m | Added +79.7k |
| Contrarius Group Holdings Ltd 0.45% of their portfolio | 431.6k $8.0m | Reduced -301.6k |
| HRT FINANCIAL LP 0.04% of their portfolio | 375.8k $7.0m | Added +141.7k |
| ROYCE & ASSOCIATES LP 0.07% of their portfolio | 358.8k $6.6m | Added +196.9k |
| Cinctive Capital Management LP 0.37% of their portfolio | 353.9k $6.6m | New |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 345.4k $6.4m | Added +58.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 343.9k $6.4m | Added +177.6k |
| BARCLAYS PLC 0.00% of their portfolio | 329.4k $6.1m | Reduced -82.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 325.4k $6.0m | Reduced -83.4k |
| CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio | 296.1k $5.5m | Added +225.7k |
| READYSTATE ASSET MANAGEMENT LP 0.21% of their portfolio | 276.2k $5.1m | Reduced -2.7k |
| Gotham Asset Management, LLC 0.03% of their portfolio | 275.0k $5.1m | Reduced -6.4k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 272.1k $5.0m | Added +22.8k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.47% of their portfolio | 265.5k $4.9m | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.38% of their portfolio | 264.8k $4.9m | Added +76.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 263.2k $4.9m | Added +109.1k |
| Bayberry Capital Partners LP 1.48% of their portfolio | 241.4k $4.5m | Reduced -28.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 236.5k $4.4m | Added +3.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 225.1k $4.2m | Reduced -4.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 216.3k $4.0m | Reduced -7.2k |
| Legal & General Group Plc 0.00% of their portfolio | 215.5k $4.0m | Added +4.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 212.1k $3.9m | Added +153.9k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 184.4k $3.4m | Reduced -385.7k |
| WINTON GROUP Ltd 0.17% of their portfolio | 181.9k $3.4m | Reduced -39.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 176.6k $3.3m | Reduced -386.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 175.1k $3.2m | Added +1.3k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 172.3k $3.2m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 171.0k $3.2m | Added +123.2k |
| FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio | 158.5k $2.9m | Reduced -161 |
| ARMISTICE CAPITAL, LLC 0.11% of their portfolio | 155.0k $2.9m | Added +35.0k |
| Verition Fund Management LLC 0.02% of their portfolio | 153.5k $2.8m | Reduced -298.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 152.6k $2.8m | Added +100.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 150.9k $2.8m | Reduced -33.9k |
| Sapience Investments, LLC 1.76% of their portfolio | 142.1k $2.6m | Added +39.2k |
| UBS Group AG 0.00% of their portfolio | 140.3k $2.6m | Reduced -72.9k |
| Swiss National Bank 0.00% of their portfolio | 135.6k $2.5m | Reduced -1.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 128.9k $2.4m | Reduced -94.7k |
| AXA S.A. 0.01% of their portfolio | 117.7k $2.2m | Unchanged |
| Man Group plc 0.00% of their portfolio | 116.7k $2.2m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 114.4k $2.1m | Reduced -3.1k |
| J. Goldman & Co LP 0.06% of their portfolio | 110.7k $2.1m | Reduced -895.4k |
| CITIGROUP INC 0.00% of their portfolio | 107.2k $2.0m | Reduced -9.6k |
| Squarepoint Ops LLC 0.00% of their portfolio | 105.4k $2.0m | Reduced -99.4k |
| Newport Trust Company, LLC 0.00% of their portfolio | 101.3k $2.0m | Reduced -2.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 98.9k $1.8m | Reduced -3.9k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 98.6k $1.8m | Reduced -1.2m |
| EVERETT HARRIS & CO /CA/ 0.02% of their portfolio | 97.6k $1.8m | Added +82.1k |
| Weiss Asset Management LP 0.03% of their portfolio | 97.1k $1.8m | Not comparable |
| XTX Topco Ltd 0.07% of their portfolio | 96.8k $1.8m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 91.8k $1.7m | Reduced -160.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 88.0k $1.6m | Added +1.1k |
| ARGA Investment Management, LP 0.04% of their portfolio | 87.6k $1.6m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 87.5k $1.6m | Reduced -10.6k |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 86.2k $1.6m | Added +5.0k |
| Divisadero Street Capital Management, LP 0.11% of their portfolio | 85.9k $1.6m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 82.0k $1.5m | Added +4.9k |
| SG Americas Securities, LLC 0.01% of their portfolio | 80.1k $1.5m | Added +40.8k |
| SIMPLEX TRADING, LLC 0.04% of their portfolio | 76.0k $1.4m | Added +65.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 75.4k $1.4m | Reduced -13.2k |
| CWA Asset Management Group, LLC 0.06% of their portfolio | 73.8k $1.4m | New |
| IMC-Chicago, LLC 0.03% of their portfolio | 73.1k $1.4m | Reduced -165.7k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 72.9k $1.3m | Added +59.6k |
| Eisler Capital Management Ltd. 0.05% of their portfolio | 72.5k $1.3m | Added +3.0k |
| GROUP ONE TRADING LLC 0.04% of their portfolio | 72.3k $1.3m | Reduced -29.6k |
| NFJ INVESTMENT GROUP, LLC 0.05% of their portfolio | 71.5k $1.3m | Added +29.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 67.2k $1.2m | Reduced -92.8k |
| WHITEBOX ADVISORS LLC 0.03% of their portfolio | 65.3k $1.2m | Reduced -3.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 65.2k $1.2m | Added +483 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 59.4k $1.1m | Reduced -6.3k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 58.7k $1.1m | Added +958 |