Summary:
- Security Benefit Life Insurance Co. sells its shares in FIGS, Inc., making a significant change in its investment portfolio.
- The company’s decision to exit its position in FIGS reflects its strategic realignment of assets.
- Despite the quick profit made by Security Benefit, the future potential of FIGS remains uncertain due to its current valuation and growth prospects.
Security Benefit Life Insurance Co. recently made a significant move by selling off its stake in FIGS, Inc., a healthcare apparel company. The decision to exit the position was disclosed in a filing published on November 12, 2025, indicating that Security Benefit sold all 565,560 shares it previously held in FIGS during the third quarter. This move represented a strategic realignment of assets for the company, as the FIGS position accounted for 1.51% of Security Benefit’s assets under management at the end of the previous quarter.
Following the sale of its shares in FIGS, Security Benefit now holds no stake in the company. The top five holdings in Security Benefit’s portfolio after the filing include Accelerant Holdings, Eldridge AAA CLO ETF, Eldridge BBB-B CLO ETF, Vivid Seats, and iShares 20+ Year Treasury Bond ETF. Despite the quick profit made by Security Benefit from selling its FIGS shares, the future prospects of FIGS remain uncertain.
FIGS, Inc. is known for offering healthcare apparel and related products to medical professionals in the United States. With a focus on direct-to-consumer sales through its digital platform, FIGS has gained popularity for its premium scrubs and apparel. However, the company’s stock performance has been volatile, with FIGS shares soaring to $9.59 as of November 24, 2025, reflecting a 103% increase over the past year. While customers appreciate FIGS’ products, the company’s growth and valuation raise concerns about its long-term sustainability in the market.
In conclusion, Security Benefit’s decision to exit its position in FIGS highlights the challenges faced by companies in managing their investment portfolios effectively. Despite the potential for quick profits, the underlying factors influencing a company’s decision to buy or sell shares in a particular company require careful consideration. As FIGS continues to navigate the competitive healthcare apparel market, investors will be closely monitoring its performance and growth trajectory in the future.
