Lee Enterprises
LEE
43 hedge funds and large institutions have $51.9M invested in Lee Enterprises in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 21 closing their positions.
80% more capital invested
Capital invested by funds: $28.9M → $51.9M (+$23M)
30.43% more ownership
Funds ownership: 3.93% → 34.36% (+30%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less call options, than puts
Call options by funds: $3.96M | Put options by funds: $4.09M
25% less funds holding
Funds holding: 57 → 43 (-14)
67% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 21
Top Buyers
| 1 |
ER
EVR Research
Richmond,
Virginia
|
+$3.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.47M |
| 3 |
Goldman Sachs
New York
|
+$2.27M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$825K |
| 5 |
CC
Cannell Capital
Alta,
Wyoming
|
+$331K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$40K | -3,210 | Closed |
|
|
UCFA
52
United Capital Financial Advisors
Irving,
Texas
| – | -$32K | -2,500 | Closed |
|
53
LPL Financial
San Diego,
California
| – | -$29K | -2,331 | Closed |
|
54
Citadel Advisors
Miami,
Florida
| – | -$35.5K | -1,778 | Closed |
|
55
Creative Planning
Overland Park,
Kansas
| – | -$21K | -1,683 | Closed |
|
56
Charles Schwab
San Francisco,
California
| – | -$20K | -1,545 | Closed |
|
57
Jane Street
New York
| – | -$18K | -1,450 | Closed |
|
|
LKIM
58
Lawson Kroeker Investment Management
Omaha,
Nebraska
| – | -$16K | -1,280 | Closed |
|
|
CDH
59
Charles D. Hyman
| – | -$13K | -1,020 | Closed |
|
60
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$20.1K | -1,005 | Closed |
|
61
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$6K | -488 | Closed |
|
62
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$3K | -200 | Closed |
|
63
BNP Paribas Financial Markets
Paris,
France
| – | -$357 | -28 | Closed |
|
LEE Hedge Fund Activity: Q1 2021 in Review
43 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Lee Enterprises (LEE) for Q1 2021, worth a combined $51.9M — up 80% from $28.9M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of LEE and 7 opened new positions — a net loss of 14 holders — while 14 trimmed existing stakes and 15 added.
The largest buyer was EVR Research, opening a new position worth an estimated $3.2M. The largest seller was Alden Global Capital, exiting entirely with an estimated $5.17M sold.
- 43 institutional investors held Lee Enterprises (LEE) as of Q1 2021, down from 57 in Q4 2020.
- Funds reported $51.9M of Lee Enterprises stock for Q1 2021, up 80% quarter-over-quarter.
- 7 funds opened new Lee Enterprises positions in Q1 2021 and 21 closed out, a net change of -14 holders.
- The largest Lee Enterprises buyer in Q1 2021 was EVR Research, an estimated $3.2M added.
- The largest Lee Enterprises seller in Q1 2021 was Alden Global Capital, an estimated $5.17M sold.
Based on aggregated 13F filings for Q1 2021.