This Fund Dumped $19.6 Million in Abercrombie & Fitch Stock Even as Sales Hit a Record $1.3 Billion

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This Fund Dumped .6 Million in Abercrombie & Fitch Stock Even as Sales Hit a Record .3 Billion — This Fund Dumped 196 Million in Abercrombie Fitch Stock.png

In a recent filing on November 14, New York City-based RPD Fund Management announced the sale of 237,000 shares of Abercrombie & Fitch Co. during the third quarter of 2025. This move resulted in a significant decrease in the overall position value by approximately $19.6 million compared to the previous quarter. Following this sale, RPD Fund Management now holds just 8,800 ANF shares valued at $752,840 as of September 30.

The Securities and Exchange Commission (SEC) filing revealed that RPD Fund Management reduced its stake in Abercrombie & Fitch Co. by 237,000 shares, bringing the total position down to 8,800 shares with a market value of $752,840. This sharp reduction in shares held by the fund indicates a strategic shift in their investment portfolio.

Top holdings after the filing include NASDAQ:GTM with $163.2 million (97.9% of AUM), NYSE:HOUS with $2.3 million (1.4% of AUM), NYSE:ANF with $752,840 (0.5% of AUM), and NASDAQ:DOMO with $503,712 (0.3% of AUM).

As of Friday, ANF shares were priced at $94.87, reflecting a 37% decrease over the past year, significantly underperforming the S&P 500, which saw a 13% increase during the same period.

Abercrombie & Fitch Co. is a global specialty retailer offering apparel, personal care products, and accessories under various brands such as Hollister, Abercrombie & Fitch, and abercrombie kids. The company generates revenue through a mix of retail stores, e-commerce platforms, and third-party partnerships, targeting consumers in North America and international markets.

Despite delivering record revenue and strong cash generation, RPD Fund Management’s substantial reduction in Abercrombie & Fitch shares suggests a shift in focus rather than a reflection of the company’s fundamentals. This discrepancy between operational performance and institutional selling raises questions about changing sentiment towards mid-market apparel in evolving macroeconomic conditions.

The filing also highlighted Abercrombie’s latest earnings report, which showed record third-quarter net sales of $1.3 billion, up 7%, with EPS of $2.36. The company repurchased $100 million of stock and reaffirmed guidance for record full-year sales.

Overall, the divergence between operational strength and institutional selling poses a long-term question for investors: is this a strategic move to de-risk or an early indicator of changing market sentiment? Keeping an eye on valuation expectations in the specialty retail sector will be crucial moving forward.