Lincoln Electric
LECO
283 hedge funds and large institutions have $2.44B invested in Lincoln Electric in 2015 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 91 increasing their positions, 116 reducing their positions, and 31 closing their positions.
30% more call options, than puts
Call options by funds: $1.41M | Put options by funds: $1.08M
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 292 → 283 (-9)
19% less capital invested
Capital invested by funds: $3B → $2.44B (-$565M)
22% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 116
26% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$23M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$17.4M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$14.2M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$10.7M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$29.1M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$29M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$28.4M |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$15.3M |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$10.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
Allianz Asset Management
Munich,
Germany
| – | -$280K | -4,600 | Closed |
|
|
LH
302
Lebenthal Holdings
New York
| – | -$240K | -4,000 | Closed |
|
|
CNB
303
City National Bank
Beverly Hills,
California
| – | -$229K | -3,765 | Closed |
|
|
CT
304
Cambridge Trust
Cambridge,
Massachusetts
| – | -$219K | -3,596 | Closed |
|
305
Calamos Advisors
Naperville,
Illinois
| – | -$216K | -3,555 | Closed |
|
|
WAM
306
World Asset Management
Detroit,
Michigan
| – | -$213K | -3,498 | Closed |
|
|
PCM
307
Piermont Capital Management
St. Louis,
Missouri
| – | -$211K | -3,470 | Closed |
|
|
BJ
308
BlackRock Japan
Tokyo,
Japan
| – | -$25K | -418 | Closed |
|
|
PMFA
309
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$21K | -340 | Closed |
|
|
MA
310
MCF Advisors
Covington,
Kentucky
| – | -$11K | -184 | Closed |
|
|
CHP
311
Cable Hill Partners
Portland,
Oregon
| – | -$3.93K | -67 | Closed |
|
|
ANBT
312
American National Bank & Trust
Wichita Falls,
Texas
| – | -$1K | -24 | Closed |
|
LECO Hedge Fund Activity: Q3 2015 in Review
283 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Lincoln Electric (LECO) for Q3 2015, worth a combined $2.44B — down 19% from $3B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of LECO and 23 opened new positions — a net loss of 8 holders — while 116 trimmed existing stakes and 91 added.
The largest buyer was Vulcan Value Partners, adding an estimated $23M. The largest seller was Schroder Investment Management Group, cutting an estimated $29.1M.
- 283 institutional investors held Lincoln Electric (LECO) as of Q3 2015, down from 292 in Q2 2015.
- Funds reported $2.44B of Lincoln Electric stock for Q3 2015, down 19% quarter-over-quarter.
- 23 funds opened new Lincoln Electric positions in Q3 2015 and 31 closed out, a net change of -8 holders.
- The largest Lincoln Electric buyer in Q3 2015 was Vulcan Value Partners, an estimated $23M added.
- The largest Lincoln Electric seller in Q3 2015 was Schroder Investment Management Group, an estimated $29.1M sold.
Based on aggregated 13F filings for Q3 2015.