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Lee Enterprises
LEE

74 hedge funds and large institutions have $66.6M invested in Lee Enterprises in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

99% more capital invested

Capital invested by funds: $33.5M → $66.6M (+$33.2M)

33% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 15

0.06% more ownership

Funds ownership: 3.14% → 3.2% (+0.06%)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

1% less funds holding

Funds holding: 75 → 74 (-1)

Holders
74
Holders Change
-1
Holders Change %
-1.33%
% of All Funds
1.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
20
Reduced
15
Closed
12
Calls
$71K
Puts
–
Net Calls
+$71K
Net Calls Change
+$71K

Top Buyers

1
MCM
McKinley Capital Management
Alaska
+$990K
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$604K
3
Vanguard Group
Vanguard Group
Pennsylvania
+$494K
4
EA
Emerald Acquisition
Washington
+$421K
5
NSIM
North Star Investment Management
Illinois
+$232K

Top Sellers

1
JG
Jefferies Group
New York
-$458K
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$299K
3
BCM
Bridgeway Capital Management
Texas
-$284K
4
SPC
Silver Point Capital
Connecticut
-$243K
5
PIA
Phoenix Investment Adviser
New York
-$229K
Name Holding Trade Value Shares
Change 		Change in
Stake
Franklin Resources
1
Franklin Resources
California
$18.1M – – –
State Farm Mutual Automobile Insurance
2
State Farm Mutual Automobile Insurance
Illinois
$7.22M – – –
Vanguard Group
3
Vanguard Group
Pennsylvania
$7.05M +$494K +19,139 +11%
EA
4
Emerald Acquisition
Washington
$4.78M +$421K +16,312 +15%
SPC
5
Silver Point Capital
Connecticut
$4.36M -$243K -9,400 -7%
NSIM
6
North Star Investment Management
Illinois
$2.82M +$232K +9,000 +14%
BCM
7
Bridgeway Capital Management
Texas
$2.54M -$284K -11,000 -14%
QOP
8
Quinn Opportunity Partners
Virginia
$2.17M -$131K -5,081 -8%
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$1.98M +$604K +23,384 +79%
AG
10
Algert Global
California
$1.82M -$45K -1,745 -3%
MCM
11
McKinley Capital Management
Alaska
$1.44M +$990K +38,339 New
Goldman Sachs
12
Goldman Sachs
New York
$1.04M -$45.9K -1,778 -6%
GCP
13
GSA Capital Partners
United Kingdom
$985K +$64.5K +2,500 +11%
Morgan Stanley
14
Morgan Stanley
New York
$969K +$104K +4,036 +18%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$961K – – –
Bank of New York Mellon
16
Bank of New York Mellon
New York
$858K +$16.5K +638 +3%
California Public Employees Retirement System
17
California Public Employees Retirement System
California
$595K – – –
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$568K -$11.8K -456 -3%
BFA
19
BlackRock Fund Advisors
California
$498K -$52 -2 -0%
KACA
20
Kayne Anderson Capital Advisors
California
$487K -$116K -4,500 -26%
AIM
21
Alambic Investment Management
California
$436K +$19.9K +770 +7%
BCCM
22
Blue Clay Capital Management
Minnesota
$434K +$40.8K +1,579 +16%
JP Morgan Chase
23
JP Morgan Chase
New York
$416K +$1.81K +70 +0.6%
Connor, Clark & Lunn Investment Management (CC&L)
24
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$369K +$42.3K +1,640 +20%
Berkshire Hathaway
25
Berkshire Hathaway
Nebraska
$333K – – –
1
2 3 4

LEE Hedge Fund Activity: Q3 2016 in Review

74 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Lee Enterprises (LEE) for Q3 2016, worth a combined $66.6M — up 99% from $33.5M a quarter earlier.

Fund positioning in LEE was balanced in Q3 2016: 12 funds opened new positions, 12 closed out, 20 added to existing stakes and 15 trimmed.

The largest buyer was McKinley Capital Management, opening a new position worth an estimated $990K. The largest seller was Jefferies Group, exiting entirely with an estimated $458K sold.

  • 74 institutional investors held Lee Enterprises (LEE) as of Q3 2016, down from 75 in Q2 2016.
  • Funds reported $66.6M of Lee Enterprises stock for Q3 2016, up 99% quarter-over-quarter.
  • 12 funds opened new Lee Enterprises positions in Q3 2016 and 12 closed out, a net change of 0 holders.
  • The largest Lee Enterprises buyer in Q3 2016 was McKinley Capital Management, an estimated $990K added.
  • The largest Lee Enterprises seller in Q3 2016 was Jefferies Group, an estimated $458K sold.

Based on aggregated 13F filings for Q3 2016.