Lee Enterprises
LEE
74 hedge funds and large institutions have $62.6M invested in Lee Enterprises in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 8 closing their positions.
225% more call options, than puts
Call options by funds: $2.31M | Put options by funds: $709K
57% more capital invested
Capital invested by funds: $40M → $62.6M (+$22.6M)
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
0.26% more ownership
Funds ownership: 3.59% → 3.85% (+0.26%)
3% less funds holding
Funds holding: 76 → 74 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OP
Osmium Partners
Greenbrae,
California
|
+$2.4M |
| 2 |
Morgan Stanley
New York
|
+$1.07M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
+$854K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$371K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$354K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Farm Mutual Automobile Insurance
Bloomington,
Illinois
|
-$824K |
| 2 |
PIA
Phoenix Investment Adviser
New York
|
-$455K |
| 3 |
AG
Algert Global
San Francisco,
California
|
-$198K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$197K |
| 5 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
-$173K |
LEE Hedge Fund Activity: Q2 2018 in Review
74 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Lee Enterprises (LEE) for Q2 2018, worth a combined $62.6M — up 57% from $40M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of LEE and 7 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 23 added.
The largest buyer was Osmium Partners, adding an estimated $2.4M. The largest seller was State Farm Mutual Automobile Insurance, cutting an estimated $824K.
- 74 institutional investors held Lee Enterprises (LEE) as of Q2 2018, down from 76 in Q1 2018.
- Funds reported $62.6M of Lee Enterprises stock for Q2 2018, up 57% quarter-over-quarter.
- 7 funds opened new Lee Enterprises positions in Q2 2018 and 8 closed out, a net change of -1 holder.
- The largest Lee Enterprises buyer in Q2 2018 was Osmium Partners, an estimated $2.4M added.
- The largest Lee Enterprises seller in Q2 2018 was State Farm Mutual Automobile Insurance, an estimated $824K sold.
Based on aggregated 13F filings for Q2 2018.