Lee Enterprises
LEE
76 hedge funds and large institutions have $40M invested in Lee Enterprises in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 12 closing their positions.
215% more call options, than puts
Call options by funds: $656K | Put options by funds: $208K
67% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 15
0.16% more ownership
Funds ownership: 3.43% → 3.59% (+0.16%)
6% less funds holding
Funds holding: 81 → 76 (-5)
12% less capital invested
Capital invested by funds: $45.7M → $40M (-$5.7M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$3.9M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$1.32M |
| 3 |
ACM
Ativo Capital Management
Chicago,
Illinois
|
+$1.02M |
| 4 |
OP
Osmium Partners
Greenbrae,
California
|
+$402K |
| 5 |
Morgan Stanley
New York
|
+$325K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
76
Two Sigma Securities
New York
| – | -$50K | -2,146 | Closed |
|
|
CS
77
Credit Suisse
Zurich,
Switzerland
| – | -$50K | -2,130 | Closed |
|
78
SG Americas Securities
New York
| – | -$42K | -1,789 | Closed |
|
79
Wolverine Trading
Chicago,
Illinois
| – | -$37.8K | -1,598 | Closed |
|
|
PCM
80
Prelude Capital Management
New York
| – | -$11K | -470 | Closed |
|
81
Simplex Trading
Chicago,
Illinois
| – | -$9K | -425 | Closed |
|
82
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$8.58K | -363 | -97% |
|
83
Barclays
London,
United Kingdom
| – | -$2K | -100 | Closed |
|
84
BNP Paribas Financial Markets
Paris,
France
| – | -$1.59K | -68 | Closed |
|
85
Citigroup
New York
| – | -$1.3K | -55 | Closed |
|
LEE Hedge Fund Activity: Q1 2018 in Review
76 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Lee Enterprises (LEE) for Q1 2018, worth a combined $40M — down 12% from $45.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of LEE and 8 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 25 added.
The largest buyer was Cannell Capital, adding an estimated $3.9M. The largest seller was State Farm Mutual Automobile Insurance, cutting an estimated $3.29M.
- 76 institutional investors held Lee Enterprises (LEE) as of Q1 2018, down from 81 in Q4 2017.
- Funds reported $40M of Lee Enterprises stock for Q1 2018, down 12% quarter-over-quarter.
- 8 funds opened new Lee Enterprises positions in Q1 2018 and 12 closed out, a net change of -4 holders.
- The largest Lee Enterprises buyer in Q1 2018 was Cannell Capital, an estimated $3.9M added.
- The largest Lee Enterprises seller in Q1 2018 was State Farm Mutual Automobile Insurance, an estimated $3.29M sold.
Based on aggregated 13F filings for Q1 2018.