Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bath & Body Works Inc (BBWI)

460 + Investors. Track Smart Money conviction in BBWI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +21
Streak
1Q ▲
Buyers last Q
59%

Smart Money Signals — BBWI

Based on 463 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BBWI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
463 funds currently hold this stock — 92% of the 3.0-year high of 503 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BBWI is almost the same as a year ago (+2 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 59% buying

292 buying201 selling
Last quarter: 292 funds bought or added vs 201 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~89 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 81 → 91 → 90 → 89. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 20% new
263 out of 463 hedge funds have held BBWI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~89 new funds/quarter

79 → 81 → 91 → 90 → 89 new funds/Q
New funds entering each quarter: 81 → 91 → 90 → 89. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 23% newcomers

■ 66% veterans ■ 11% 1-2yr ■ 23% new
Entry-cohort mix of 488 holders: 324 (66%) are 2+ year veterans, 53 entered 1–2 years ago, and 111 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
58 of 461 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in BBWI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BBWI

In 2026 Q1, 292 hedge funds were net buyers of BBWI (89 opened a new position, 203 added to an existing one), while 201 reduced or exited (133 trimmed, 68 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 51% of total institutional value in BBWI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +21 funds (more new holders than closures). Total institutional holders: 463.

Hedge Fund Ownership: BBWI

How many hedge funds hold BBWI — quarterly history vs. share price
Quarterly hedge fund ownership of BBWI vs. share price

Market Analysis: BBWI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BBWI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Bath & Body Works Inc (BBWI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BBWI has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
BBWI
+9.7%
XLY
+8.9%

BBWI outperformed XLY by +0.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
BBWI
+19.8%
XLY
+1.9%

Since the filing became public, BBWI outperformed XLY by +17.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

36 top-rated funds 0 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: BBWI
460 + Investors

Track Smart Money conviction in BBWI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 460 442 4.07%
13F Shares 207M 205M 1.19%
Total Value $3.79B $4.11B -7.68%
New Positions 87 90 -3
Increased Positions 194 139 +55
Closed Positions 69 115 -46
Reduced Positions 130 178 -48
Total Calls 14 16 -12.5%
Total Puts 13 15 -13.33%
PUT/CALL Ratio 0.93 0.94 Neutral

Statistics: BBWI

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Income Statement & Cash Flow
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

460 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BBWI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BBWI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Makaira Partners LLC 11.53% 734,355 $14.7M
2 Barington Companies Management, LLC 5.31% 350,000 $6.5M
3 Gmt Capital Corp 3.56% 4,174,000 $77.9M
4 Fund 1 Investments, LLC 2.72% 1,270,179 $23.7M
5 Callodine Capital Management, LP 1.37% 1,050,000 $19.6M
6 Lecap Asset Management Ltd 0.74% 104,892 $2.0M
7 Carolina Wealth Advisors, LLC 0.73% 94,145 $1.8M
8 VARCOV Co. 0.70% 100,695 $1.9M
9 Blueshift Asset Management, LLC 0.59% 104,283 $1.9M
10 Vaughan Nelson Investment Management, L.P. 0.53% 2,852,040 $53.2M
11 Sciencast Management LP 0.51% 213,895 $4.0M
12 Frazier Financial Advisors, LLC 0.50% 48,728 $910K
13 Dynamic Technology Lab Private Ltd 0.40% 132,746 $2.5M
14 Saxon Interests, INC. 0.39% 61,277 $1.1M
15 Chase Investment Counsel Corp 0.39% 80,000 $1.5M
16 Bayforest Capital Ltd 0.37% 17,641 $329K
17 Paradigm Capital Management Inc/Ny 0.34% 481,100 $9.0M
18 Clark Estates Inc/Ny 0.34% 75,600 $1.4M
19 ARGA Investment Management, LP 0.33% 545,534 $10.2M
20 Kwmg, LLC 0.33% 213,646 $4.0M
21 Bronte Capital Management Pty Ltd. 0.29% 155,508 $2.9M
22 Islay Capital Management, LLC 0.27% 28,100 $525K
23 Aigen Investment Management, LP 0.24% 50,394 $941K
24 Qsemble Capital Management, LP 0.23% 162,313 $3.0M
25 Missouri Trust & Investment Co 0.22% 40,255 $752K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Bath & Body Works Inc (BBWI)

What does the Smart Money Trend signal show for BBWI?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BBWI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BBWI?

Slight buying edge — 59% buying: Last quarter: 292 funds bought or added vs 201 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BBWI holders?

Elite ownership — 51% AUM from top-100 funds: 58 of 461 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in BBWI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BBWI?

57% of holders stayed for 2+ years: 263 out of 463 hedge funds have held BBWI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Bath & Body Works Inc (BBWI) following the 2026 Q1 hedge fund 13F filings?

As of today, BBWI has moved +19.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.9% for the XLY sector ETF — an outperformance of +17.9%. Since the quarter end (March 31, 2026), BBWI has gained +9.7% vs +8.9% for XLY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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