SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 0.1% Stake in Victoria's Secret & Co.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a beneficial ownership of 0.1% of Victoria's Secret & Co. common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of common stock in Victoria's Secret & Co.
- As of March 31, 2025, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 77,466.11 shares.
- This beneficial ownership represents 0.1% of the class of Victoria's Secret & Co. common stock.
- FMR LLC holds sole voting power over 39,125.14 shares and sole dispositive power over 77,466.11 shares.
- Abigail P. Johnson holds sole dispositive power over 77,466.11 shares.
- Neither FMR LLC nor Abigail P. Johnson hold any shared voting or shared dispositive power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- The filing is made pursuant to Rule 13d-1(b), indicating an institutional investor filing, with FMR LLC classified as a parent holding company and Abigail P. Johnson as an individual.
- The filing includes a Rule 13d-1(k)(1) agreement for joint filing, confirming the beneficial ownership of the common stock of Victoria's Secret & Co. at March 31, 2025.
Sentiment
Score: 5
Explanation: This is a routine compliance filing (Schedule 13G) disclosing beneficial ownership, which is inherently neutral in sentiment regarding the issuer's performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding Victoria's Secret & Co.'s future performance or outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by FMR LLC and Abigail P. Johnson)
Industry Context
This Schedule 13G filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific analysis of Victoria's Secret & Co.'s position within the retail or apparel industry, nor does it discuss broader industry trends or competitors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure (Reporting Entity) | Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of the voting power. Through a shareholders' voting agreement, the Johnson family group may be deemed to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | N/A | This clarifies the internal governance and control structure of the reporting entity (FMR LLC) and its affiliates, which is relevant for understanding the nature of their beneficial ownership filings. It does not directly impact Victoria's Secret & Co.'s corporate governance. |
Stakeholder Impact
- Shareholders: Provides transparency regarding the beneficial ownership stake held by FMR LLC and Abigail P. Johnson, confirming a minor, non-controlling interest held in the ordinary course of business.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-03-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-05-09 | Signature date of the Schedule 13G filing. |
Keywords
Victoria's Secret & Co, VS&Co, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing
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