Lincoln Electric
LECO
275 hedge funds and large institutions have $3.75B invested in Lincoln Electric in 2017 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 83 increasing their positions, 100 reducing their positions, and 37 closing their positions.
22% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 37
10% more capital invested
Capital invested by funds: $3.4B → $3.75B (+$351M)
1% more funds holding
Funds holding: 273 → 275 (+2)
1.39% less ownership
Funds ownership: 66.74% → 65.35% (-1.4%)
17% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 100
66% less call options, than puts
Call options by funds: $3.77M | Put options by funds: $11.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$408M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$38.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.5M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$13.5M |
| 5 |
PP
PDT Partners
New York
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$47.7M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$34.2M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$32.2M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$30.4M |
| 5 |
ATO
Alecta Tjanstepension Omsesidigt
Stockholm,
Sweden
|
-$16.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
301
Tower Research Capital (TRC)
New York
| – | -$56K | -737 | Closed |
|
302
Nomura Asset Management
Tokyo,
Japan
| – | -$28K | -370 | Closed |
|
|
PCM
303
Penserra Capital Management
Orinda,
California
| – | -$26K | -343 | Closed |
|
304
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$16K | -215 | Closed |
|
|
CAL
305
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$15K | -200 | Closed |
|
|
BFEC
306
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$13K | -175 | Closed |
|
307
Simplex Trading
Chicago,
Illinois
| – | -$12K | -161 | Closed |
|
|
NSB
308
Norway Savings Bank
Portland,
Maine
| – | -$3K | -40 | Closed |
|
|
TSW
309
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$2K | -32 | Closed |
|
310
EARNEST Partners
Atlanta,
Georgia
| – | -$2K | -28 | Closed |
|
|
WTB
311
Washington Trust Bank
Spokane,
Washington
| – | -$1K | -13 | Closed |
|
LECO Hedge Fund Activity: Q1 2017 in Review
275 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Lincoln Electric (LECO) for Q1 2017, worth a combined $3.75B — up 10% from $3.4B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new LECO positions and 37 closed out — a net gain of 8 holders — while 83 added to existing stakes and 100 trimmed.
The largest buyer was BlackRock, adding an estimated $408M. The largest seller was State Street, cutting an estimated $47.7M.
- 275 institutional investors held Lincoln Electric (LECO) as of Q1 2017, up from 273 in Q4 2016.
- Funds reported $3.75B of Lincoln Electric stock for Q1 2017, up 10% quarter-over-quarter.
- 45 funds opened new Lincoln Electric positions in Q1 2017 and 37 closed out, a net change of +8 holders.
- The largest Lincoln Electric buyer in Q1 2017 was BlackRock, an estimated $408M added.
- The largest Lincoln Electric seller in Q1 2017 was State Street, an estimated $47.7M sold.
Based on aggregated 13F filings for Q1 2017.