Lee Enterprises
LEE
60 hedge funds and large institutions have $41.9M invested in Lee Enterprises in 2013 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 1 closing their positions.
1,700% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 1
40% more funds holding
Funds holding: 43 → 60 (+17)
35% more capital invested
Capital invested by funds: $30.9M → $41.9M (+$10.9M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0.12% more ownership
Funds ownership: 2.9% → 3.03% (+0.12%)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $136K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lonestar Capital Management
San Francisco,
California
|
+$7.07M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$2.62M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
+$2.2M |
| 4 |
EWP
Edmunds White Partners
Richmond,
Virginia
|
+$2.13M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Cedar Rock Capital
London,
United Kingdom
|
-$6.17M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.8M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$2.04M |
| 4 |
Bank of New York Mellon
New York
|
-$848K |
| 5 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$741K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OSAM
51
O'Shaughnessy Asset Management
Stamford,
Connecticut
| $11K | +$5.21K | +191 | +81% |
|
52
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
53
Ameriprise
Minneapolis,
Minnesota
| $1K | – | – | – |
|
54
First Manhattan
New York
| $1K | – | – | – |
|
|
LTFS
55
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
56
AllianceBernstein
Nashville,
Tennessee
| $1K | +$1.28K | +47 | New |
|
|
NSIM
57
North Star Investment Management
Chicago,
Illinois
| – | -$741K | -36,300 | Closed |
|
|
U
58
UBS
Zurich,
Switzerland
| – | -$14.6K | -537 | -99% |
|
59
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$164 | +6 | New |
|
|
GC
60
Globeflex Capital
San Diego,
California
| – | +$1.01K | +37 | New |
|
LEE Hedge Fund Activity: Q3 2013 in Review
60 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Lee Enterprises (LEE) for Q3 2013, worth a combined $41.9M — up 35% from $30.9M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new LEE positions and 1 closed out — a net gain of 17 holders — while 8 added to existing stakes and 13 trimmed.
The largest buyer was Lonestar Capital Management, opening a new position worth an estimated $7.07M. The largest seller was Cedar Rock Capital, cutting an estimated $6.17M.
- 60 institutional investors held Lee Enterprises (LEE) as of Q3 2013, up from 43 in Q2 2013.
- Funds reported $41.9M of Lee Enterprises stock for Q3 2013, up 35% quarter-over-quarter.
- 18 funds opened new Lee Enterprises positions in Q3 2013 and 1 closed out, a net change of +17 holders.
- The largest Lee Enterprises buyer in Q3 2013 was Lonestar Capital Management, an estimated $7.07M added.
- The largest Lee Enterprises seller in Q3 2013 was Cedar Rock Capital, an estimated $6.17M sold.
Based on aggregated 13F filings for Q3 2013.