Blundy group details 9.8% Victoria's Secret & Co. (VSXY) stake

Rhea-AI Filing Summary

BBFIT Investments Pte Ltd, The BB Family International Trust, BBRC International Pte Ltd and Brett Blundy report that 7,810,631 shares of Victoria's Secret & Co. common stock are beneficially owned in the aggregate, representing approximately 9.8% of the class based on 79,491,720 shares outstanding as of May 29, 2026.

BBFIT directly owns 7,810,531 shares and BB Family Trust directly owns 100 shares, and BB Family Trust, BBRC International and Mr. Blundy may be deemed to share voting and dispositive power over these holdings while disclaiming beneficial ownership of securities not directly owned. BBFIT discloses open market sales of 276,171 shares at $88.50 on June 26, 2026, 289,479 shares at $88.89 on July 22, 2026, and, on July 28, 2026, three tranches of 718,007, 79,122 and 1,791 shares within price ranges from $88.50 to $90.69.

Key Figures

Aggregate beneficial ownership: 7,810,631 shares Ownership percentage: 9.8 % Shares outstanding: 79,491,720 shares +4 more

7 metrics

Aggregate beneficial ownership 7,810,631 shares Shares reported as beneficially owned in aggregate by all reporting persons

Ownership percentage 9.8 % Percentage of Victoria's Secret & Co. common stock beneficially owned

Shares outstanding 79,491,720 shares Common stock outstanding as of May 29, 2026, per Form 10‑Q

BBFIT direct holdings 7,810,531 shares Shares of common stock directly beneficially owned by BBFIT Investments Pte Ltd

Sale on June 26, 2026 276,171 shares at $88.50 Open market sale of Victoria's Secret & Co. common stock by BBFIT

Sale on July 22, 2026 289,479 shares at $88.89 Open market sale of Victoria's Secret & Co. common stock by BBFIT

Sales on July 28, 2026 718,007; 79,122; 1,791 shares Three open market sale tranches within $88.50–$90.69 price ranges

Key Terms

beneficially own, shared Voting Power, shared Dispositive Power, open market transactions, +1 more

5 terms

beneficially own regulatory

"may be deemed to beneficially own the 7,810,531 Shares owned by BBFIT"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

shared Voting Power regulatory

"Shared Voting Power 7,810,531.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared Dispositive Power regulatory

"Shared Dispositive Power 7,810,531.00"

open market transactions financial

"sold 276,171 shares of Common Stock in open market transactions at a price of $88.50"

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

Schedule 13D regulatory

"previously filed a statement on Schedule 13D to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 04:30 PM Accepted by SEC EDGAR 07/29/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What ownership stake in Victoria's Secret & Co. does the BBFIT/Blundy group report for VSXY?

They report that an aggregate of 7,810,631 Victoria's Secret & Co. shares may be deemed beneficially owned, equal to approximately 9.8% of the common stock. This percentage uses 79,491,720 shares outstanding as of May 29, 2026, as disclosed in the company's Form 10‑Q.

How many Victoria's Secret & Co. (VSXY) shares does BBFIT Investments Pte Ltd directly own?

BBFIT directly owns 7,810,531 shares of Victoria's Secret & Co. common stock. These shares form nearly all of the 7,810,631 shares reported as beneficially owned in aggregate, with BB Family Trust holding 100 shares and related entities and Mr. Blundy deemed to share voting and dispositive power.

What recent VSXY stock sales by BBFIT are disclosed, and at what prices?

BBFIT reports selling 276,171 shares at $88.50 on June 26, 2026 and 289,479 shares at $88.89 on July 22, 2026. On July 28, 2026 it sold 718,007 shares (weighted average $89.08), 79,122 shares ($89.76) and 1,791 shares ($90.60) in open market trades.

How is beneficial ownership of VSXY attributed among BB Family Trust, BBRC International and Brett Blundy?

BB Family Trust directly holds 100 shares and is sole shareholder of BBFIT, so it may be deemed to beneficially own BBFIT's 7,810,531 shares. BBRC International, as trustee, and Brett Blundy, as BBRC's sole shareholder and director, may each be deemed to beneficially own the same aggregate 7,810,631 shares.

What Victoria's Secret & Co. share count underlies the 9.8% VSXY ownership figure?

The ownership percentages rely on 79,491,720 Victoria's Secret & Co. common shares outstanding as of May 29, 2026. That share count comes from the company’s Quarterly Report on Form 10‑Q filed June 5, 2026, and is used to calculate the reported 9.8% stake.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Victoria's Secret & Co.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

926400102

(CUSIP Number)

BRETT BLUNDY
BBRC INTERNATIONAL PTE LIMITED, 3 Phillip St #09-05 Royal Group Building
Singapore, U0, 048693
61 2 9285 6700

Richard Brand
Michelle Rutta White & Case LLP, 1221 Avenue of the Americas
New York, NY, 10020
(212) 819-8200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/28/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 926400102

1

Name of reporting person

BBFIT INVESTMENTS PTE LTD

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,810,531.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,810,531.00

11

Aggregate amount beneficially owned by each reporting person

7,810,531.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 926400102

1

Name of reporting person

THE BB FAMILY INTERNATIONAL TRUST

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,810,631.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,810,631.00

11

Aggregate amount beneficially owned by each reporting person

7,810,631.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 926400102

1

Name of reporting person

BBRC INTERNATIONAL PTE LTD

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,810,631.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,810,631.00

11

Aggregate amount beneficially owned by each reporting person

7,810,631.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 926400102

1

Name of reporting person

BRETT BLUNDY

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

AUSTRALIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,810,631.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,810,631.00

11

Aggregate amount beneficially owned by each reporting person

7,810,631.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: Victoria's Secret & Co.
(c)	Address of Issuer's Principal Executive Offices: 4 Limited Parkway East, Reynoldsburg, OHIO , 43068.
Item 1 Comment: EXPLANATORY NOTE This Amendment No. 7 to Schedule 13D (this "Amendment No. 6") amends and supplements the Schedule 13D filed on February 1, 2024, as amended by Amendment No. 1 filed on March 12, 2025, Amendment No. 2 filed on April 1, 2025, Amendment No. 3 filed on June 10, 2025, Amendment No. 4 filed on November 4, 2025, Amendment No. 5 filed on May 4, 2026, and Amendment No. 6 filed on June 4, 2026 (collectively, the "Schedule 13D") relating to the common stock, par value $0.01 per share (the "Common Stock"), of Victoria's Secret & Co. (the "Issuer"), a Delaware corporation. Except as specifically provided herein, this Amendment No. 7 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings assigned to such terms in the Schedule 13D. The aggregate percentage of shares owned by each person named herein is based on 79,491,720 shares of Common Stock outstanding as of May 29, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on June 5, 2026.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of shares owned by each person named herein is based on 79,491,720 shares of Common Stock outstanding as of May 29, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on June 5, 2026. As of the date hereof, BBFIT directly beneficially owned 7,810,531 Shares, constituting approximately 9.8% of the Shares outstanding. As of the date hereof, BB Family Trust directly beneficially owned 100 Shares, constituting less than one percent of the Shares outstanding. BB Family Trust, as the sole shareholder of BBFIT, may be deemed to beneficially own the 7,810,531 Shares owned by BBFIT, which, together with the Shares it beneficially owns directly, constitutes an aggregate of 7,810,631 Shares, constituting approximately 9.8% of the Shares outstanding. BBRC International, as the trustee of BB Family Trust, may be deemed to beneficially own the 7,810,631 Shares owned in the aggregate by BBFIT and BB Family Trust, constituting approximately 9.8% of the Shares outstanding. Mr. Blundy, as a Director and sole shareholder of BBRC International, may be deemed to beneficially own the 7,810,631 Shares owned in the aggregate by BBFIT and BB Family Trust, constituting approximately 9.8% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)	Each of BBFIT, BB Family Trust, BBRC International and Mr. Blundy may be deemed to share the power to vote and dispose of the Shares owned by BBFIT. Each of BB Family Trust, BBRC International and Mr. Blundy may be deemed to share the power to vote and dispose of the Shares owned by BB Family Trust.
(c)	On July 28, 2026, BBFIT sold 718,007 shares of Common Stock in open market transactions at prices ranging from $88.50 to $89.50 inclusive (a weighted average price of $89.08), 79,122 shares of Common Stock in open market transactions at prices ranging from $89.51 to $90.50 inclusive (a weighted average price of $89.76) and 1,791 shares of Common Stock in open market transactions at prices ranging from $90.55 to $90.69 inclusive (a weighted average price of $90.60).The Reporting Persons undertake to provide to the Issuer, any security holder or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the ranges set forth herein. On July 22, 2026, BBFIT sold 289,479 shares of Common Stock in open market transactions at a price of $88.89 per share. On June 26, 2026, BBFIT sold 276,171 shares of Common Stock in open market transactions at a price of $88.50 per share. Except as set forth herein, none of the Reporting Persons has effected any transactions with respect to the securities of the Issuer during the past sixty days.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BBFIT INVESTMENTS PTE LTD

Signature:	BBFIT INVESTMENTS PTE LTD
Name/Title:	Brett Blundy, Director
Date:	07/29/2026

THE BB FAMILY INTERNATIONAL TRUST

Signature:	THE BB FAMILY INTERNATIONAL TRUST
Name/Title:	Brett Blundy, Director
Date:	07/29/2026

BBRC INTERNATIONAL PTE LTD

Signature:	BBRC INTERNATIONAL PTE LTD
Name/Title:	Brett Blundy, Director
Date:	07/29/2026

BRETT BLUNDY

Signature:	BRETT BLUNDY
Name/Title:	Brett Blundy
Date:	07/29/2026