FMR LLC & Abigail Johnson Disclose 6.532% Stake in Victoria's Secret
Ticker: VSCO · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, retail
Related Tickers: VSCO
TL;DR
**FMR LLC and Abigail Johnson still own 6.532% of Victoria's Secret.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Victoria's Secret & Co. (VSCO) to 6.532% of the common stock, totaling 5,058,784 shares, as of February 9, 2024. This filing, an amendment to a previous Schedule 13G, indicates a slight adjustment in their passive investment. For investors, this shows that a significant institutional holder maintains a substantial, though not controlling, position in the company, which can be a sign of continued confidence or at least a stable long-term holding.
Why It Matters
This filing confirms that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant stake in Victoria's Secret, signaling their ongoing interest in the company's performance.
Risk Assessment
Risk Level: low — This filing is a routine update of a passive investment, indicating no immediate change in strategy or significant new risks.
Analyst Insight
Investors should note that a major institutional investor, FMR LLC, continues to hold a substantial, passive stake in Victoria's Secret & Co., which could be interpreted as a stable long-term holding rather than an indication of immediate strategic changes.
Key Numbers
- 5,058,784 — Shares Beneficially Owned (Total common stock shares of Victoria's Secret & Co. held by FMR LLC and Abigail P. Johnson.)
- 6.532% — Percent of Class (The percentage of Victoria's Secret & Co.'s common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- Victoria's Secret & Co. (company) — issuer of the securities
- 5,058,784 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 6.532% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Victoria's Secret & Co. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of Victoria's Secret & Co. common stock shares beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson beneficially own 5,058,784 shares of Victoria's Secret & Co. common stock, as indicated in Item 7 and Item 4(a) of the filing.
What percentage of Victoria's Secret & Co.'s common stock do the reporting persons collectively own?
The reporting persons collectively own 6.532% of Victoria's Secret & Co.'s common stock, as stated in Item 11 and Item 4(b) of the filing.
What is the CUSIP number for Victoria's Secret & Co. common stock mentioned in the filing?
The CUSIP number for Victoria's Secret & Co. common stock is 926400102, as listed under 'Cusip #926400102' and Item 2(e).
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and Item 3.
From the Filing
EDGAR Filing Documents for 0000315066-24-001542 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-001542 Filing Date 2024-02-09 Accepted 2024-02-09 10:05:21 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6467 Complete submission text file 0000315066-24-001542.txt 8185 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 Mailing Address 4 LIMITED PARKWAY EAST REYNOLDSBURG OH 43068 Business Address 4 LIMITED PARKWAY EAST REYNOLDSBURG OH 43068 614-577-7000 Victorias Secret & Co. (Subject) CIK : 0001856437 (see all company filings) EIN. : 311228823 | Fiscal Year End: 0203 Type: SC 13G/A | Act: 34 | File No.: 005-93126 | Film No.: 24612666 SIC : 5621 Retail-Women's Clothing Stores (CF Office: 07 Trade & Services)