Victoria’s Secret Stock Up 93% as New $8.5 Million Fund Bet Signals Confidence in This Retailer's Turnaround

Victoria's Secret & Co. is a global specialty retailer known for its iconic brands and expansive reach in women's apparel and beauty.On February 17, 2026, Seldon Capital disclosed a new position in Victoria's Secret & Co. (VSCO 1.70%), acquiring 155,950 shares in the fourth quarter—an estimated $8.45 million trade.What happenedAccording to an SEC filing dated February 17, 2026, Seldon Capital LP reported acquiring 155,950 shares of Victoria's Secret & Co. during the fourth quarter. At quarter-end, the new position was valued at $8.45 million.What else to knowThis was a new position for Seldon, representing 2.92% of its reportable U.S. equity AUM as of December 31, 2025.Top holdings after the filing:NYSEMKT:VT: $30.06 million (10.4% of AUM)NYSE:CLS: $27.68 million (9.6% of AUM)NASDAQ:TLN: $26.56 million (9.2% of AUM)NYSE:SQM: $15.18 million (5.3% of AUM)NYSEMKT:VTI: $14.68 million (5.1% of AUM)As of February 17, 2026, shares of Victoria's Secret & Co. were priced at $60.36, up 93.2% over the prior year, outperforming the S&P 500 by 71.94 percentage points.Company/Etf overviewMetricValuePrice (as of market close 2026-02-17)$60.36Market Capitalization$4.99 billionRevenue (TTM)$6.23 billionNet Income (TTM)$165.00 millionCompany snapshotVictoria's Secret & Co. offers a portfolio of women's intimate apparel, sleepwear, loungewear, swimwear, athletic attire, fragrances, and body care products primarily under the Victoria's Secret and PINK brands.The company generates revenue through direct retail sales at stores worldwide and through e-commerce channels, focusing on both in-store and digital customer experiences.Victoria's Secret & Co. serves a broad global customer base, with a focus on women's apparel and beauty products.Victoria's Secret & Co. is a leading specialty retailer in the women's apparel and beauty sector, operating at scale with a global footprint and a diverse product portfolio. The company leverages its iconic brand recognition and expansive retail network to drive sales and maintain customer loyalty. Strategic investments in digital channels and product innovation support its competitive positioning in the evolving consumer landscape.What this transaction means for investorsVictoria's Secret has had a rough few years, but the stock has been on an absolute tear since this past summer, reversing losses and up over 90% these past 12 months. And that’s what makes this new position interesting. Victoria’s Secret recently posted third-quarter net sales of $1.472 billion, up 9% year over year, with comparable sales up 8%, while adjusted operating results came in ahead of expectations. Management responded by raising full-year guidance to as much as $6.48 billion in sales and up to $375 million in adjusted operating income.This is not a turnaround story built solely on expense discipline. Gross margin expanded by 170 basis points in the quarter, helped by lower promotions and stronger full-price selling. Meanwhile, the headline net loss narrowed versus last year.Within a portfolio anchored by diversified ETFs and cyclical industrial names, this nearly 3% allocation stands out as a focused consumer discretionary bet. With the stock surging so much this past year, expectations are higher, and long-term investors should watch whether international growth, digital execution, and fourth-quarter guidance of up to $2.45 in adjusted EPS hold. If the Path to Potential strategy keeps translating into cleaner margins and steady comps, the rerating could have room to run.About the AuthorJonathan Ponciano is a contributing stock market analyst at The Motley Fool. He has nearly a decade of experience as a financial journalist, most recently as an editor and senior reporter at Forbes focused on markets, technology, and entrepreneurship. Jonathan has also written for Investopedia and the Los Angeles Business Journal. He holds a dual B.A. in Business Journalism and Economics from the University of North Carolina at Chapel Hill and an M.B.A. from Columbia Business School. A North Carolina native now based in New York City, Jonathan has also lived in Mexico City and Los Angeles.CMFjonponcStocks MentionedVictoria's Secret & Co.NYSE: VSCO$61.27 (1.70%) $1.06*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.