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Lincoln Electric
LECO

303 hedge funds and large institutions have $3.67B invested in Lincoln Electric in 2013 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 81 increasing their positions, 125 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

217% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 18

13% more funds holding

Funds holding: 267 → 303 (+36)

6% more capital invested

Capital invested by funds: $3.47B → $3.67B (+$194M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

35% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 125

44% less call options, than puts

Call options by funds: $1.4M | Put options by funds: $2.48M

Holders
303
Holders Change
+36
Holders Change %
+13.48%
% of All Funds
8.8%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.15%
New
57
Increased
81
Reduced
125
Closed
18
Calls
$1.4M
Puts
$2.48M
Net Calls
-$1.09M
Net Calls Change
+$1.3M

Top Buyers

1
Westfield Capital Management
Westfield Capital Management
Massachusetts
+$49M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$22.4M
3
Morgan Stanley
Morgan Stanley
New York
+$14.9M
4
CM
Castleark Management
Illinois
+$13.8M
5
BFA
BlackRock Fund Advisors
California
+$13.6M

Top Sellers

1
RA
Royce & Associates
New York
-$89.8M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$39.7M
3
KeyBank National Association
KeyBank National Association
Ohio
-$38.7M
4
American Century Companies
American Century Companies
Missouri
-$36.1M
5
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$26.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$408M +$22.4M +318,501 +6%
RA
2
Royce & Associates
New York
$278M -$89.8M -1,279,255 -25%
Baillie Gifford & Co
3
Baillie Gifford & Co
United Kingdom
$268M +$10.1M +144,440 +4%
KeyBank National Association
4
KeyBank National Association
Ohio
$170M -$38.7M -550,520 -19%
BFA
5
BlackRock Fund Advisors
California
$163M +$13.6M +193,529 +9%
BIT
6
BlackRock Institutional Trust
California
$159M +$4.99M +71,105 +3%
State Street
7
State Street
Massachusetts
$149M -$3.09M -43,976 -2%
AllianceBernstein
8
AllianceBernstein
Tennessee
$128M -$15M -213,362 -11%
Franklin Resources
9
Franklin Resources
California
$96.9M -$778K -11,080 -0.8%
Westfield Capital Management
10
Westfield Capital Management
Massachusetts
$91.3M +$49M +698,020 +120%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$85.3M -$3.29M -46,832 -4%
Fisher Asset Management
12
Fisher Asset Management
Washington
$78.2M -$376K -5,350 -0.5%
Invesco
13
Invesco
Georgia
$61.6M +$420K +5,978 +0.7%
Neuberger Berman Group
14
Neuberger Berman Group
New York
$52.5M -$3.5M -49,790 -6%
TCIM
15
TIAA CREF Investment Management
New York
$49.2M +$196K +2,794 +0.4%
Norges Bank
16
Norges Bank
Norway
$47.7M -$1.01M -14,440 -2%
Northern Trust
17
Northern Trust
Illinois
$45.6M -$77K -1,097 -0.2%
Kayne Anderson Rudnick Investment Management
18
Kayne Anderson Rudnick Investment Management
California
$41.1M -$26.8M -382,055 -40%
CRM
19
Cramer Rosenthal McGlynn
Connecticut
$38.2M -$6.04M -86,053 -14%
Prudential Financial
20
Prudential Financial
New Jersey
$37.8M +$438K +6,240 +1%
SC
21
Saturna Capital
Washington
$36.7M – – –
Mitsubishi UFJ Trust & Banking
22
Mitsubishi UFJ Trust & Banking
Japan
$36.3M +$1.37M +19,560 +4%
PIM
23
Perkins Investment Management
Illinois
$34M -$9.23M -131,450 -22%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$30.2M +$3.04M +43,310 +11%
BTW
25
Boston Trust Walden
Massachusetts
$26.5M -$694K -9,875 -3%
1
2 3 4 5

LECO Hedge Fund Activity: Q4 2013 in Review

303 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Lincoln Electric (LECO) for Q4 2013, worth a combined $3.67B — up 5.6% from $3.47B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new LECO positions and 18 closed out — a net gain of 39 holders — while 81 added to existing stakes and 125 trimmed.

The largest buyer was Westfield Capital Management, adding an estimated $49M. The largest seller was Royce & Associates, cutting an estimated $89.8M.

  • 303 institutional investors held Lincoln Electric (LECO) as of Q4 2013, up from 267 in Q3 2013.
  • Funds reported $3.67B of Lincoln Electric stock for Q4 2013, up 5.6% quarter-over-quarter.
  • 57 funds opened new Lincoln Electric positions in Q4 2013 and 18 closed out, a net change of +39 holders.
  • The largest Lincoln Electric buyer in Q4 2013 was Westfield Capital Management, an estimated $49M added.
  • The largest Lincoln Electric seller in Q4 2013 was Royce & Associates, an estimated $89.8M sold.

Based on aggregated 13F filings for Q4 2013.