RPD Fund Management sold 237,000 shares of Abercrombie & Fitch, reducing its position value by $19.6 million from the previous quarter. The fund now holds 8,800 ANF shares valued at $752,840 as of September 30. ANF shares were priced at $94.87, down 37% in the past year.

In a filing on November 14, RPD Fund Management disclosed selling 237,000 ANF shares, reducing its stake to 8,800 shares valued at $752,840. Top holdings include NASDAQ:GTM at $163.2 million, NYSE:HOUS at $2.3 million, and NYSE:ANF at $752,840. ANF shares are down 37% over the year.

Abercrombie & Fitch offers apparel and personal care products under various brands, generating revenue through retail stores, e-commerce, and wholesale partnerships. The company serves men, women, and children in North America and international markets. RPD’s reduction in ANF shares may indicate a shift in focus rather than fundamental concerns.

RPD Fund Management cut its ANF stake by 237,000 shares, leaving just 8,800 shares worth $752,840. Despite strong earnings and cash generation, RPD’s move suggests a changing investment outlook. ANF reported record third-quarter sales of $1.3 billion, with EPS of $2.36 and stock repurchases. The market is watching for shifts in sentiment towards mid-market apparel.

Read more at Yahoo Finance: This Fund Dumped $19.6 Million in Abercrombie & Fitch Stock Even as Sales Hit a Record $1.3 Billion