In a recent filing with the SEC, Bridger Management, LLC sold all 300,619 shares of Bath & Body Works in the fourth quarter, with an estimated trade value of approximately $7.74 million based on quarterly average pricing. This move represents a 4.98% change in 13F reportable AUM, with the fund now holding 0 shares post-trade.
Bath & Body Works, Inc. is a leading specialty retailer focused on personal care and home fragrance products, operating through retail stores and e-commerce channels. The company’s stock price has seen a significant decline of 32.3% over the past year, underperforming the S&P 500 by 38.07 percentage points.
Bridger Management’s decision to sell its Bath & Body Works shares comes at a challenging time for the company, which has been facing stagnating sales and shifting consumer trends. Despite a modest rebound in late 2025, the fund chose to exit its position, indicating a lack of confidence in the stock’s potential for recovery.
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Read more at Nasdaq: Bridger Dumps 301,000 Bath & Body Works Shares Worth $7.7 Million
